Welcome back to another LIVE trading session with Marketpotentials.com.
In today’s trade I’d be featuring a LIVE video session recorded on 04 December 2018 on the IQ Option platform. The trade was a classic Binary Option trade on the GBP/AUD forex pair. Two binary option trades done within minutes and they were both were profitable and together they netted a profit of USD 1045.
I also explain about the various technical indicators that I employ in my trades and how to use them to make the correct trading decisions. The indicators that I msotly employ are Bollinger Bands, RSI (Relative Strength Indicators), MACD (Moving Average Convergence Divergence) and AO (Awesome Indicators). All of these are explained in detail and in a very simple to understand manner in the exclusive ‘Forex Risk Management’ E-Book.
You can checkout the LIVE IQ Option trading video below :
There were two trades executed, first with a capital outlay of USD 750 and the second with a capital outlay of USD 500. The reason I used USD 500 for the second trade is for reasons of risk mitigation. This is a strategy that I often employ and encourage traders to use. As I was already up USD 615 (profit from the first trade), even if I did lose the second trade, I’d still be up USD 115 should things go sideways.
This is an important lesson to keep in mind as I always try my best to keep my subsequent trades smaller to preserve my trading capital using the initial profit of a first trade. This gives me more than two to three chances of getting the second trade right (depending on the amount). On the other hand, if I had also plonked USD 750 or more into the second trade, should the trade turn out to be a loss, I’d have lost all of my profit or USD 615 from the first successful binary option trade AND ALSO be down USD 134 (USD 615 – USD 750) from my trading capital.
Capital Preservation is the one of the more important cornerstone of being a successful trader and I can’t stress this enough. Learn to preserve your capital and you’d be on your way to being a consistently profitable trader and earning a source of income from trading.
You can read more about the various Risk Mitigation strategies and the various technical indicators I have employed in this binary trading video by getting the exclusive ‘Forex Risk Management’ E-Book. It offers various insider tips on how to use technical indicators succesfully in binary options trading, how you can maximize profits and keep your losses to a minimal.
If you’re looking to the answer to the very important question of – How can I spot opportunities in Binary Option Trading? Then do check out the ‘Binary Option Mastery E-Book’ which attempts to do exactly that!
Another important takeaway from this video is knowing when to trade and when to stay on the sidelines. I always only enter my binary option trades when I am almost absolutely certain that I have done everything I can to ensure that the chances of being successful have been maximised and that any potential chance for loss is kept at a minimal. This is important as trading binary options has a close correlation with timing – and often this can make all the difference between winning or losing the trade.
If you’d like to start trading just like I do and start making REAL MONEY that WILL definitately change your life, just sign up for a FREE IQ Option Account today.