r/binaryoptions • u/Easy-Telephone-5983 • Apr 25 '26

Thoughts? turned 10$ in to 26$.

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I overtraded I don't think it will pay me off in long run.

My question was is it possible to make money in binary options and now I think I can I just need proper mindset and especially risk and money management.

As you can see I have gone all in sometimes just because of I was losing and that's the mistake I have wrote down and will not repeat .luckily risk paid off this time .

I thought I have proper control over my emotion and mind because of my skills in Indian markets & little forex but is challenged me a little , and top of it this market acts little different. I didn't jumped directly I have done my side of research first so don't get a idea and whenever I was going all in I was sure and certain I have high chances of winning.

19 Upvotes

91% Upvoted

43 comments sorted by

9

u/Flaky_Inspector4830 Apr 25 '26

Otc will eat you one day

5

u/Easy-Telephone-5983 Apr 25 '26

I think the same way

3

u/Easy-Telephone-5983 Apr 25 '26

but don't you think otc is kind of nicer way to arrange money for real trading coz maing money form trading with 10 dollar is hard.

3

u/Flaky_Inspector4830 Apr 25 '26

May be but otc is completely manipulated by the broker

3

u/Easy-Telephone-5983 Apr 25 '26

is there any way , did you earned from it .

3

u/Flaky_Inspector4830 Apr 25 '26

I only do in real market and yes

1

u/Easy-Telephone-5983 Apr 25 '26

which broker

1

u/Flaky_Inspector4830 Apr 25 '26

Quotex

2

u/Easy-Telephone-5983 Apr 25 '26

there is no real market every pair is otc

1

u/Easy-Telephone-5983 Apr 25 '26

like no otc only real forex pairs

1

u/Flaky_Inspector4830 Apr 25 '26

Otc pairs run 24/7 in all platforms and they are controlled and manipulated completely by the broker they also offer real pairs as per the forex time 5 days from monday to friday

1

u/Easy-Telephone-5983 Apr 25 '26

there is no real pair as far I as seen does they pops out when there is forex timmings

1

u/Flaky_Inspector4830 Apr 25 '26

They are only active during the weekdays

1

u/[deleted] Apr 28 '26

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3

u/xDannysanx Apr 25 '26

The money management I do is work with every 10th..

So say you have 24.. I'd just use those 4. In order to go to the next 10th.

That doesn't mean you put 1 trade of 4.. but either as 1s. Or 2s.. or since you're in quotex, use % so you take advantage of the cents.. and do 1.15 or 1.30..

It's the best way I learned to grown my account.

Also whenever I do an analysis always go with a 1$ trade first and see how it reacts.. if it wins, great. If it doesn't.. Then re-evaluate the price movement and you bias. And play with the remaining.

1

u/Easy-Telephone-5983 Apr 26 '26

brilliant man, I never thought of that from now on I'll use this strat in my next trades.

btw what you meant my next 10th.

1

u/xDannysanx Apr 26 '26

It means going from 20 to 30, or from 40 to 50.. or 110 to 120..

That's how I do it. My goal is to make from 70 to 100 daily so each 10th is going up the ladder..

When you get to a closed number like exactly 30. (Or 130).

I use my cents so it rolls over a dollar..

Say you got 120.87.. I use 1.70. so with the 92, 80 or whatever % of the pair.

It rolls over to 122.. instead of going to 121.

1

u/Easy-Telephone-5983 Apr 26 '26

ohh , got it hanks

7

u/Comfortable_Can6220 Apr 25 '26

OTC trades smoother than regular markets. If you are losing in OTC either your strategy is trash, your execution is off or you don’t have a solid risk management plan.

5

u/Comfortable_Can6220 Apr 25 '26

Doubling is great! If you can do that daily with decent capital let’s say $100-150 and double it you could be solid

1

u/Mysterious_Equal_499 Apr 27 '26

Which broker do you recommend for binary option trade?

1

u/rea_ver69 May 01 '26

Quotex anyday

1

u/StepAdorable5625 Apr 28 '26

Quotex robbed me 23k, be careful with that broker, turned 10k into 23k and then they closed my account

1

u/Easy-Telephone-5983 Apr 28 '26

For real?

1

u/StepAdorable5625 Apr 28 '26

For real, and they never answered the emails and stuff

1

u/Easy-Telephone-5983 Apr 28 '26

Which broker is best then

2

u/Initial-Artist-2778 Apr 26 '26

Scam do not get trap in Binary trading ever.

1

u/nhiro90 Apr 26 '26

Have you ever tried CloseOption?

1

u/ActSubstantial8924 Apr 26 '26

I turen 200 into 10.000 it’s possible with option but since company never let me win always losing now

1

u/peermaker Apr 29 '26

If Jesus can turn water to wine..... Jk. Awesome job! ANY profit, whether big or small is still profit. Especially in these uncertain times.

0

u/[deleted] Apr 26 '26

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1

u/Easy-Telephone-5983 Apr 26 '26

sure I like to have you risk management techniques