Hi, I have been reading and hopefully learning about binary options for about months.

First i wanted to make sure it wasn't a scam. Too many slick productions lead me to belive it was. Then i found verious forums and learned in a field with many scammers there are still SOME reputable brokers out there. So i bite the bullet and opened a demo account with 24Option.

They appointed me with an account manager and he started to teach me basics.

I use Netdania for charts free. Started with Bollinger Bands then RSI.

He mentioned MACD but i never got my head around it. I was taught to use the Martingale Strategy. That Account Manager left and i was assigned another.

I have now made around trades with my live account. I know we don't like to admit it but emotions come into it and Live accounts are not the same as Demo.

Plus i was a bit more aggressive with my Live account. Im here to ask. What would a realistic success rate be? To make a healthy profit. I understood that i most likely would loose a bit of money. But gain lots of experience. Thats why i traded my live account. Would you trade 60 sec or 5 mins?

I want to move to 5min but need to look at a few good strategys Any suggestions? Any help would be greatly appreciated. Wed Jun 21 Tokyo: Broker Reviews IQ Option Binary. MarketsWorld Nadex List All Brokers. December in Binary Options Strategy.

What time frame would you suggest? Also am I correct In understanding the technical analysis is the same.

BTW my Bollinger Band settings are: Period 3 with lines at 10 and December edited December Seems a very logical starting point The next is to understand "Price Action" and that is a long journey ahead. Personally I dove really deep into technical analysis and it has helped my trading win rate improve. A book that helped me was Technical Analysis for Dummies by Barbara Rockefeller and Charting Made Easy by John J.

Don't buy into any guru deals, but in my opinion I think gaining market knowledge is very important. In the end, knowledge is power. Life Founder matt trader4. Thanks for the comments.

Have moved to 5 min. Think i have a good strategy in place now. And my ITM is going up too. I have only made 10 or so trades with it so need a bigger sample size.

It most likely will go down a bit. I feel really good about being here among other traders as I'm not yet a trader, just thinking about it and seeking knowledge.

This single thread stating 60 second trades is bad for newbies is valuable coming from experienced traders.

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Thank you for the first in what I'm certain will be a multiple level learning experience. January edited January Forex Trading Signals Review. Sign In or Register to comment.

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