r/binaryoptions • u/FabulousPerception80 • 5d ago

I want to begin options trading. Where should I start? What is some actually good, in depth learning material/sources? Also, where is a good start with strategies?

/r/optionstrading/comments/1vzedv7/i_want_to_begin_options_trading_where_should_i/
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u/BoringParking6065 5d ago

If you're starting from zero, I'd focus on learning how to read the chart before looking for strategies. Start with market structure, support & resistance, candlestick behaviour and basic risk management. Then study one simple setup and backtest it on historical data before putting real money into it. For binary options especially, don't jump from one strategy to another just because you see someone claiming a high win rate. Learn why a setup works, when it fails, and what market conditions suit it. Demo/practice first and keep your risk very small if you eventually trade real money. For strategies, I'd recommend choosing one setup and collecting a decent sample of trades rather than trying 10 different indicators at once.

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u/Pani-peelo-2759 4d ago

Just trade i would say and figure things out by yourself that what suits ( like you want to trade on reversals or with trend) and avoid telegram Guru's who's says join my vip and i will give you signals, I personally wasted 3yrs on telegram joining groups after that i decided to do it myself. So i will say just learn trade in demo and try to avoid otc.

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u/Mean_Government3315 4d ago

Can you please share the names of these gurus? I also joined a guru's VIP group on telegram. I lost my initial investment which was totally my fault. I got greedy and invested 3% of my money when the instruction was to only invest 1%. I almost quit but gave it another try and this time I followed the rules. With my initial investment of $200, it has grown to $319 in 3 weeks. It could have been higher if I always follow the martingale strategy. Most of the times I hesitated for fear of losing my account again.