What are the best binary options strategies that work? Answer on that question is very appreciated in binary industry. The fact is that with well-chosen strategy, South African traders have opportunity to achieve high payouts on done investment.
Since binary options trading is very popular and widespread online investment in South Africa, we decided to pay attention to provide our readers with valuable information in how to choose the best suitable binary options strategies that work in order to profit from it.
Does Perfect Strategy Exist?
In binary options trading, there are dozens of different strategies that can be used to increase profits. There is no universal perfect strategy that can lead to high profit for each trader that makes a deposit. However, it is important to emphasize how there are plenty of binary options strategies that work.
Below, we will get in more details regarding how to find the best binary options strategies that work.
One of the biggest advantages of trading binary options is that traders in South Africa can earn money without having needed financial knowledge or trading background that can enable them to profit from binary options. Binary options trading is actually very simple, based on 2 possible outcomes: asset price will either rise (call option) or fall (put option).
Key of success is to be able to accurately predict price movement, by using different methods, strategies and trading instruments. Of course, this also includes trading with reliable binary brokers, such as Banc de Binary, 24option, AnyOption, IQ Option and many more.
Where to Start?
Brokers listed on our site offer secure trading platforms where traders can trade with a selection of underlying assets (stocks, currencies, commodities and indices) and choose among a variety of different trade options and expiry times.
When we decided to write article that will cover binary options strategies that work topic, our goal was to provide South African valuable source of information that can lead to a profit gain. By following trading techniques and tools, traders can benefit from trading process.
The most significant element is to minimize the risk. That can be done by performing following steps:
- Do not keep all “the eggs in the same basket”, meaning it is recommended not to invest entire capital all at once
- Wisely choose binary broker and try out demo account
- Use strategies by investing 5-10% of total equity per placement
As mentioned previously, there are binary options strategies that work, based on individual approach. It is recommended to choose a strategy based on your trading knowledge, regardless is that beginners, intermediate or advanced level.
We can distinguish risky from more safe strategies. Those that create more safe predictions, will enable traders to win 70% of invested money. However, in case of riskier traders, winning return will be much higher, approx 90% but 60% win on trade done.
It is advisable not to copy strategies from other traders but to develop them by yourself. That is important because traders are different and some prefer trading with higher risk, while others don’t. For that reason, we recommend to choose binary options strategies that work and generate money and in the same time traders feel comfortable using it.
How to Choose The Best Binary Options Strategies that Work?
As previously stated, there are different strategies, that can be performed regardless if we are talking about new traders or professional trader. Below, we will explain in more details two popular strategies, often used in beginner and advanced trading.
Demo accounts are a great way for traders to practice and perform different strategies in order to determine which is the most suitable. For more on 24option demo, read here.
Trading on demo is a smart move since no risk is involved, thanks to trading with virtual money, instead of real one. On demo account, South African traders can eliminate those strategies that aren’t working the best and switch to another one that works.
South Africans can use trend strategy as the starting point for trading binary options. It can be used by new traders, as well and experienced traders. Trend strategy focuses on monitoring trend line of a particular asset, their rising and declining. In case predictions are that asset price will rise and trend line is flat, it is recommended to use No Touch trade options.
This strategy is one of the most used ones in binary options trading. Pinocchio strategy is used when it is expected that asset price will fall or rise drastically in the opposite way. If predictions show that price will rise, traders can choose call option, or put option is case of price falling down. Majority of traders use this strategies when signing on demo account.
This strategy is definitely one of the most used ones, especially among pro traders. When performed properly, traders can minimize the risk and also in the same time, increase chances of maximizing profit.
South Africans can perform Reversal strategy by placing call or put option simultaneously on a specific underlying asset. This is very important for those assets with fluctuating value. It is important to determine when will an asset reach its peak. This can be done by understanding technical and fundamental analysis.