How not to make the same mistakes after a losing trade?
Binary Options Trader demand strong nerves and patience to achieve results. Thus, several simple tips to apply exist to avoid the same mistakes when trade will prove loser.
Do not compulsively trader: So, if the trade is losing, it is always tempting to reinvest in another position without taking a step back. Indeed, seeing its capital melting at once, can be frustrating and the temptation to place another position in the hope of recovering his initial capital, without understanding why the trade expired "out of the money" is a dangerous prospect.
Step back after having performing a trade: If your trade is a loser, it is important to step back and analyze the reasons that led to the loss of your position. For this, of analyzing the curve of the underlying asset and check why it is not consistent with the position taken initially.
For example: You place a Zone option and the curve finally out of the area predetermined in advance. So the trade is losing, the error not to do is to place a position without first analyzing the reasons that led to the loss of invested capital on the last position.
What to do? Prepare your next trade, by consulting your transaction history and trying to identify errors made on previous positions. Apply technical analysis and use various technical indicators (Rsi, Macd ...), to determine an effective strategy on your next trades you can also use a graphical analysis tool to refine your trading strategy.
Share your experience in trading binary options: Do not hesitate to testify on our forum discussion by providing screenshots of your trade, to share your experience and receive advice from experienced traders.
Start with a demo account: Before investing your capital on positions, you have the option to exercise on a demo account. So, before starting the real-mode trading, it is important to become familiar with the binary options, its various existing modes of transations (touch, Area ..), in order to determine an effective strategy for trading.