Community post
What's your best strategy trading binary options/forex?
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I was wondering if anyone had the right strategy or tips when trading binary options or forex? I've seen plenty and plenty of videos off youtube and some are all the same old stuff. I've been into this for some time now and wanted any tips if anything. Any information would be very appreciated. Thanks!!
Replies (2)
There is no magic method or certain strategy - the 'Holy Grail' does not exist. The closest thing to the holy grail in trading is money management and self management. Keeping your losses small and letting profits run to target. Don't get greedy and don't let fear rule over your decisions. As for a trading method - this is something that must fit with you personally. Pick a strategy that works for you and stick with it. Do a lot of back testing and build a real belief in your approach to the market. Hope this helps. Just reach out if you need any advice or feedback.
That is so true, it all comes down to money management as well. I totally understand what you are saying though, keep killing the forex though bro.