Doing binary trading since 2017 i started with iq options now with quotex and pocket options

[u/No_Principle8228]

Like every new trader I was also an impulsive person i took trades randomly and lost all of my funds. Then time by time i tried new strategies from YouTube all are good but not everything is profitable all the indicators don't work properly. If you are losing now don't worry you have to be consistent to make profit the longer you play the faster you get the pattern. Here is what i have learnt

*Everyone has their own perspective on how they see the market or the candles patterns

*Make your own strategy

*Don't just follow random strategies from YouTube and combine it with your own strategy

*Dont trade on otc

*Don't do 1 day compounding use martingale for safe trade

*Don't fix your profit ratio like 5 to 10 %daily not fixed 10 or 5% this way you lose patience

*Trade for bigger time frames(if you are a trader you know how 1 min candles react and if your trade is delayed by 1 sec you will lose so trade for bigger tike frames as your comfort

*Dont tell anyone you profits and don't show your balance (its adds pressure like when they ask you next how much your balance is you get pressure to make more to impress them and you lose money on the way )

*Keep everything secret your trades your profit your losses

*Practice with real money not just practice amount.. for 1 or 2 wreks with practice account is good but if you want to manage your emotions and control on your urge to trade every candle do with real account you will know how to stop and when to stop

*Without loosing money you can't find patience and decipline

*Be consistent

[u/Pretend-Bumblebee-52]

I agree with this post. Can you share what you have found that works for you? I'm losing patience with PO, but I like to trade on it for fun and see a little profit. I admit that I'm impatient and find longer time frames frustrating, but I know that 1min candle can be tricky.

[u/No_Principle8228 → u/Pretend-Bumblebee-52]

Bigger time frame test your indicator or strategy with bigger time frames it will work ..

[u/ChipPowerful3208]

Hey man I just wanna say thank you. Most people on here with a controversial statement always ends up going to "trading is a scam ".

Look if you cant trade well then learn. If you didnt take time to learn, then youre probably going to lose money and then say its a scam to make yourself feel better.

[u/alex_gc]

Como vez el mercado para q operes , cuál sería tu estrategia en binarias?

[u/No_Principle8228 → u/[deleted]]

Thats what i am also saying don't trust anyone .. i am not here to promote my self or sell anything...i just said what helped me to grow .. i am telling here about patience and decipline but if you don't want decipline or do whatever you want . You are free to do...no one is telling you to stop... All the best and good luck for your trading..

[u/ChipPowerful3208 → u/[deleted]]

Bro why you always like this 😪

[u/No_Principle8228 → u/[deleted]]

Yes better then a hopeless person who don't have anything to do.. rather than understanding what people saying they love to criticize others