Binary Options Guide for Intermediates – Video Tutorial

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BINARY OPTIONS INTERMEDIATE TUTORIAL

Improve your trading strategies with advanced analysis tools. Filter out bad trades. Apply the best money management system to increase profitability and lower the trading risk. Reduce your trading time with custom MT4 indicators and alerters. Optimization can increase your profitability by up to 200%!

Are you an Intermediate?

You already have some experience with live trading and knowledge of technical analysis. Probably you traded with a few different brokers and you made some profit with trading.

You tried out a few different strategies and you already may have ideas about how to make your own strategy or system.

You are trading on your own and you make your trading decisions based on technical analysis or news – and you at least break even in the long run.

You think you might have a good strategy or a few of them, but you are kind of stuck here because you are still getting mixed results. Often you get very good results, but sometimes you still get drops on your account, which can ruin your day.

If this is the case, you can consider yourself to be an Intermediate trader. And don’t worry – the problems you are facing are very common and can be overcome with right approach.

Common Problems of Intermediate Traders

Main ‘problems’ which you can face at this stage are the following:

  1. You have problems with trading discipline and can’t maintain a ‘healthy’ risk level.
  2. You don’t follow one strict strategy but you tend to trade different strategies within the same trading session.
  3. You have not analyzed the risk and profitability margins of your trading strategy.
  4. You don’t have a proper money management system or it is not well optimized.
  5. You have no global investment plan or short-term and long-term profitability goals.
  6. Your trading efficiency is poor – you don’t use tools which can make your trading less time consuming and more efficient.

These are most common obstacles which prevent traders from progressing. Many traders are not even aware that these issues should be improved, or they simply do not know how to do so.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

Let’s see how to tackle these problems and improve the trading results.

Intermediate Trading Guide

STEP 1

PROBLEM: NOT HAVING TRADING DISCIPLINE

You hear a lot about trading discipline – and this can definitely present the biggest obstacle to any trader who trades manually.

Having trading discipline simply means you rigidly have to stick to your trading strategy and money management plan – even when some trades go bad. When loss occurs, many traders want to recover it immediately, and they tend to take higher risk and enter trades with low win probability with higher stakes – which can result in more loss. This means they don’t maintain the trading discipline which is required to trade only within the frame of their strategy.

The problem which many traders are not aware of is that we can not speak of trading discipline if we do not have a well defined trading strategy and money management system. Actually, not having the trading discipline is not the problem – usually the problem hides in not having your strategy well analysed and defined.

SOLUTION: FULLY DEFINED TRADING STRATEGY

If you have a strategy, which you know that works, because historical analysis confirms its profitability – and you have optimized it well to stay within your acceptable risk levels and you have proper money management applied on top of it – then you know you have nothing to worry about, even when a sequence of losing trades occurs. You know that statistically there is a big chance you will recover if only you continue with the same approach. You accept momentary partial loss as part of your strategy and you know that all you need is some more time and more trades to recover and continue progressing with making profit.

The only way to fight the lack of discipline is to have trust in your strategy. And the only way you can have trust in your strategy is to have it properly analysed and optimized and preferably confirmed results on demo or real trading account.

So the real question here is ‘How to Make Proper Binary Options Strategy Analysis?’

STEP 2

PROBLEM: Trading Multiple Strategies in One Trading Session

When trading manually we are always tempted to enter a trade if we see a good setup, even if the trade is outside of our strategy rules. It takes lots of experience to effectively handle such approach, as this means that our money management, which functions well for certain strategy, is not valid any more. A trader can quickly lose his grip when mixing multiple strategies or when trading ‘freely’. Trading out of predefined strategy rules is not advised for beginner traders.

SOLUTION: Custom Indicator or EA Based on your Strategy Rules

Personally I could not avoid placing some trades outside of my strategy rules, however I learned to limit such trades to one trade per situation (setup) and my rule is not to start doubling up (martingale) if the trade is lost. In such case I return to my original strategy and I do not enter the trade even if I spot a potentially great setup forming outside of my strategy rules.

The best way is using a robot (which follows the rules 100%) or an indicator with signals for your strategy and limit yourself to trade only on the signals.

I have constructed many robots and nowadays I use only automated trading or trading on signals based on my strategy rules. I found out that this way of trading works best for me in the long run. However, as mentioned before – when I trade manually, I still tend to mix a few strategies, but still in a controlled way.

If you tend to mix strategies and this causes problems, again the answer to fixing this problem lies in rigidly following only one strategy which is well analysed and defined. Having a custom built indicator based on your strategy rules is the most helpful tool you can get. There are many programmers available online, who can build you such indicator for you. One of the places you can look for help is mql5 website under ‘Freelance’ section.

STEP 3

PROBLEM: Not Having a Solid Money Management System

You can have a great trading strategy, however if your money management system is not optimized for this specific strategy it can make a difference from just breaking even to making substantial profit.

Money management is a crucial part of any trading strategy. One strategy can work great with specific money management approach while another will work with another. A successful trading system is always a combination of trading strategy and optimized money management system which works best with this strategy.

Money management plan should always be applied on top of your trading strategy data (which you get by making a strategy analysis). You can’t make a money management plan if you don’t have strategy analyzed first.

SOLUTION: Money Management Optimization

The most important analysis output for application of proper money management is consisted of following data:

  1. Win rate
    Usually measured in percentage, showing the percentage of winning trades in relation to all trades in specific sequence.
    Example: From 100 trades we have 62 WINS and 38 LOSSES, which gives 62% WIN RATE.
    Calculation: 100 / (Number of WINS + Number of LOSSES) * Number of WINS
  2. Win/Loss sequence
    Is an order of winning and losing trades from first trade to last trade in specific sequence.
    Example: WIN, WIN, LOSS, WIN, LOSS, LOSS, WIN, WIN, WIN, LOSS, WIN, LOSS, LOSS, WIN, WIN, .
  3. Return rate on winning trades
    Is a fixed or average return rate on winning trades given by the broker. Some brokers have fixed return rates and other can have variable return rates, affected by market time and conditions. A good average return rate given by broker is considered to be at any level above 78%.

For best money management optimization the best scenario is to have a good win rate (for example above 60%) with evenly distributed wins and losses in the win/loss sequence (no long sequences of losing trades) and a good return rate given by the broker.

This means strategy is robust and solid, and such strategy will allow much more flexibility for money management optimization.

There are several money management systems – just to give two very realistic examples with a bit different variables:

1. 62% win rate / 100 trades / 78% return with LINEAR money management and $100 per-trade investment will give $1036 profit.
2. 62% win rate / 100 trades / 82% return with LINEAR money management and $100 per-trade investment will give $1284 profit.
3. 65% win rate / 100 trades / 78% return with LINEAR money management and $100 per-trade investment will give $1570 profit.
4. 65% win rate / 100 trades / 82% return with LINEAR money management and $100 per-trade investment will give $1830 profit.
5. 62% win rate / 100 trades / 78% return with EXPONENTIAL money management and 6% per-trade will give $1836 profit.
6. 62% win rate / 100 trades / 82% return with EXPONENTIAL money management and 6% per-trade will will give $2121 profit.
7. 65% win rate / 100 trades / 78% return with EXPONENTIAL money management and 6% per-trade will will give $2520 profit.
8. 65% win rate / 100 trades / 82% return with EXPONENTIAL money management and 6% per-trade will will give $2931 profit.
5. 62% win rate / 100 trades / 78% return with EXPONENTIAL money management and 8% per-trade will will give $2245 profit.
6. 62% win rate / 100 trades / 82% return with EXPONENTIAL money management and 8% per-trade will will give $2718 profit.
7. 65% win rate / 100 trades / 78% return with EXPONENTIAL money management and 8% per-trade will will give $3402 profit.
8. 65% win rate / 100 trades / 82% return with EXPONENTIAL money management and 8% per-trade will will give $4158 profit.

Once you have your strategy analysed, you can make your own money management optimization with my online money management calculator provided on this website. To understand more about money management also take a look at my ‘binary options money management’ article.

BINARY OPTIONS GUIDE FOR BEGINNERS

Avoid making beginner mistakes and learn how to start trading binary options with this short step-by-step tutorial. This binary options guide for beginners outlines the most important steps towards trading in a simple and straightforward manner. Start on right track and develop the correct mindset.

How to Start Trading Binary Options the Right Way?

There are many ways one can start trading binary options.

The worst way is to jump right onto a real trading account and try to copy some falsely presented strategy which you encountered on Youtube. The truth is there are many false presentations and fake products connected with binary options industry and many beginners get caught by false promises.

However, binary options trading is not a scam, and it is actually one of the best investment and trading instruments, which is easily accessible to anyone, and which allows making a substantial profit over time if the right approach is taken.

But the truth is that a beginner is unlikely going to make millions or hundreds of thousands of dollars in a month or even a year (as is presented by many fake products and services).

The amount of profit you can make also greatly depends on your initial investment and on your trading skills. An average beginner is most likely not going to invest more than $1.000 into the first real trading attempt. And it is better not to do so.

What to Expect?

What can be done in reality is to slowly build your trading account over time and come up to a level where you can make anywhere from $1.000 to $3.000 per month while maintaining the low-risk approach to trading.

If you limit your appetite and lower your expectations, you can use binary options trading as additional monthly revenue for years to come. And once you get more familiar and experienced with it, you can aim for higher profit.

My Personal Experience

Years ago, when I first encountered binary options trading, I got burned several times, before I actually made my first profit. And it took me almost a year to recover from initial losses.

At that time there was no much information about trading systems and strategies, and I had to learn by myself from scratch.

Lots of trial and error and lots of practice lead me to the position where I was able to make great gains in short periods of time. One of such attempts, for example, was bringing a $200 deposit account to $3.000 in two weeks by manual trading. And my last attempts are bringing $2.000 to $8.000 in 2 weeks by manual trading and $1.000 to $7.000 in only 1 month with my own robot.

I am at the point where I construct my own trading strategies and build my own trading robots which I also offer as a service for public use.

Where to start?

What I want to emphasize is that making money with binary options trading is definitely possible and very real.

But it is important for a beginner to lower the expectations and learn from own experience instead of just following some fake strategies from Youtube or fake services with promises of easy money.

If you want to become an independent trader and ultimately trade on your own, the only way is to start slowly and learn as you go. No one was born as a trader.

On the other hand – if you are just interested in making profit without learning – there is a possibility to use robots or signals for fully or semi-automated trading.

Binary Options Trading Step by Step Guide

STEP 1 (DEMO)

1. GET A FREE BINARY OPTIONS TRADING DEMO ACCOUNT

The first step towards trading is to get familiar with the financial instruments you are going to use. This simply means you have to learn how trading works. And the best way to learn is by practice and your own experience.

You don’t want to start trading by making a real investment and you don’t want to practice trading with real money. That’s why you need a free demo account. There are a few very good brokers who offer free no-deposit demo accounts.

PocketOption is a Broker that accepts traders from all around the world and they offer a free demo account which you can try out immediately.

Beginners Guide to Binary Options

When you have an interest in trading Binary Options online or via a mobile device you will of course need a full understanding of how to do so.

With that in mind we have put together the following step by step guide that will enlighten you on how you can master the fine art of trading Binary Options and also find the perfect Broker based on your level of trading experience and the volume of trades you wish to place.

You will of course need to spend some time learning all of the different aspects required to pick out the best Broker to sign up to, and also researching the type of trades you wish to place and a whole plethora of different aspects that will make you into a much more informed trader.

However, if you do follow this guide from start to finish we know you will gain all of the knowledge you will need in regards to you being able to spot potentially profitable trades whilst also being able to know which are the best types of trades to place, where to place them and also how to make use of the many different trader bonuses which can lock in additional trading value.

Deposit: $10 Payout: 90%*

Broker Offer Review
Review!

* Amount to be credited to account for a successful trade

You will first need to understand all of the many different types of Binary Options trades that you are going to be able to place. This is even before you find a Broker at which to sign up to.

By knowing the different types of trades available you will then be able to locate a Broker that is going to offer you the range and types of trades you are going to be interested in placing. With that in mind do read through our guide on the types of Binary Options trades you can place as you may be surprised at just how many different trades will become available to you as a trader.
Choosing Which Trades to Place

One you have an understanding of the range and types of Binary Options trades which can be placed online or via a mobile trading platform you will then need to gain a full understanding of the types of trades which are going to appeal to you the most.

Whilst very experienced traders are always going to be prepared to place trades on anything that is likely to return a profit to them, as a first time and inexperienced trader you may be better off placing trades on companies or commodities that you have an interest in or are very familiar with.
Utilising Economic Calendars

Information is power, more so when you are a Binary Options trader and with that in mind you are always going to need to have access to the very latest financial news stories. However, at various times of the years all developed countries of the world will release financial data which will give an indication of how certain different market sectors are performing in their respective countries.

Please do familiarise yourself with the economic calendars that will enlighten you on a huge array of different financial data and information, as once you know how well different market sectors are performing in each country you can then use that knowledge to help you select the types of trades to place which are likely to help you make financial gains.
Choosing a Binary Options Broker

It is only once you have mastered all of the above qualities and aspects of placing Binary Options trades that you should then start to look around for a Binary Options trader to open an account at.

By putting together a checklist of wants and demands based on what types of trades you wish to place and the variety of trading options you are looking or will you then be able to match your wants and demands with a Binary Options Broker.
Opening Up a Trading Account

One aspect to opening up a Binary Options trading account that is often overlooked by many first time traders, is that there are in fact often several different account types available to you at many different Brokers.

With that in mind we would suggest you read through our guide to opening up a trading account for we will enlighten you on the many different types of trading accounts that are available to you and will point you in the right direction in regards to the type of account that will suit you best.
Methods of Funding a Trading Account

You will of course need to decide how you wish to transfer funds into your trading account whilst also having a method available to you for withdrawing your money out of a trading account when you have made one or more winning trades.

We therefore invite you to take a look through our guide to the many different ways of funding your trading account as there are likely to be several very cost effective and convenient methods available to you based on where it is you live and reside.
Making Use of Trader Bonuses and Promotions

As there is so much competition between Brokers for your custom you are always going to find some form of trader bonuses and promotional offers available at any Broker you do sign up to or are considers joining.

With that in find we have compiled a guide that will walk you through the many different types of trader bonuses and will help you gain an understanding on which ones offer you the best value.
Binary Options Trading Strategies

As you become a more experienced trader you will soon start to discover ways of trading that often tend to make you more regular gains and profits. Every experienced trader will have their own unique trading strategy and as such we would suggest you take a look through our guide which covers that very topic.

By putting into place some form of strategy and always following it when placing any type of Binary Options trades online you are going to have a structured way of trading and one that will be tailored to you personally.
Making Continued Profits

Our final educational guide to Binary Options is going to look at ways you can make continued profits as a Binary Options trader. Whilst it may take you some time to fully master the art of placing traders online or via a mobile trading platforms, once you have there are some high profits to be made 24 hours a day.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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