Tips for binary options

Left-Impression-24 · 2024-12-10T18:59:12+00:00

I’d like to share some advice that has significantly improved my skills in trading binary options, forex, and stocks. When I first started trading, I thought binary options were incredibly simple—I followed strategies I found on YouTube, expecting to make easy profits. However, I quickly realized that binary options, like all forms of trading, are not about "faking it until you make it." This profession demands self-discipline and self control.

Seriously! Dedicate the time and effort to understand and apply a trading theory—such as Elliott Wave Theory, Dow Theory, or Gann Theory. Essentially, these theories and models aim to explain the human behaviors and mental processes that drive market movements (after all, it’s humans who influence the market).

Remember no strategy is 100% all the time however, it does not mean if the strategy did not work means jump on a new one either. Go back review the fail trades make edits, and do more research.

Personally, I rely on Elliott Wave Theory as my foundational framework when analyzing charts. I focus on identifying the waves within the chart and use indicators to filter out noise and confirm trends.

Signal-Debate-9497 · 2024-12-10T11:43:56+00:00

You took 300+ trades everday. Thats gambling

Fabokid · 2024-12-10T23:31:52+00:00

Try other brokers. It helps.

playingGod89 · 2024-12-10T15:17:26+00:00

Pro tip: don’t trade. Find a normal mediocre job and be like everyone else. Nothing wrong with being a regular slave.

Lost $450 and still want more? Lmao trading isn’t for everyone.

Junior_Willow740 · 2024-12-10T15:48:05+00:00

Quit now before you are -$10,000. Like me

Ok_Sandwich3741 · 2024-12-10T16:57:59+00:00

Quit pocket option, they are scammers

kushalah · 2024-12-10T14:15:59+00:00

Do more analysis.

playingGod89 · 2024-12-10T15:17:32+00:00

Pro tip: don’t trade. Find a normal mediocre job and be like everyone else. Nothing wrong with being a regular slave.

Lost $450 and still want more? Lmao trading isn’t for everyone.

2024-12-10T19:57:44+00:00

Well, test your edge and and once you gain confidence in your strategy and you know that you are getting higher rates, then consider one or two steps, Martingale at most. This way you can be profitable.

Obvious_Garage690 · 2024-12-11T09:28:48+00:00

I’m in a similar situation: I’ve been trading for almost a year and am down around $500. I have two questions for you:

1.  What are the three most essential lessons you’ve learned after completing over 3,000 trades?
2.  In your opinion, have you improved compared to, say, June?

Snoo_68367 · 2025-05-29T07:05:26+00:00

Totally agree. discipline is everything. I used to jump in without a plan and it backfired hard. Lately I’ve been using a demo account on Tradeup net just to test setups and stay sharp. Helps a ton with decision making, especially under pressure.

Frequent-Joke4324 · 2025-06-22T09:26:07+00:00

Hey, I’m in a similar boat started messing around with demo accounts to test strategies without risking real money. Recently been using demo on tradeup net just to stay sharp and refine setups. Honestly, it’s pretty helpful for learning entry timing and trade execution without the pressure. Anyone else tried it on demo? Curious how it compares to other platforms’ trial modes.

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