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  1. #1
    Rookie Member

    Looking for advice !!!

    Hello I have been trying to learn how to trade binary options for some time now with limited success. I have tried lots of different strategies but none have delivered consistent profits I trade in the UK, have a limited bank around £200 but only have access to the markets for 2 to 3 hours in the evening. Is it possible to trade successfully with limited time and resources and does anyone have any advice on strategies to do this successfully?

  2. #2
    Legendry Member Okane's Avatar
    Hi there!
    Maybe your problem isn't the strategy.
    You need skills and that can't be handed to you or bought so you have to practice more.

    However, you can check out some strategies here: http://www.binaryoptionsthatsuck.com/primary-school/

    About the time limit:
    Yes it's possible, just depends on the market volatility during the time
    you are free and if your required setups for taking a trade are met during that time or not.

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  4. #3
    Moderator Kolyo's Avatar
    Quote Originally Posted by me11 View Post
    Hello I have been trying to learn how to trade binary options for some time now with limited success. I have tried lots of different strategies but none have delivered consistent profits I trade in the UK, have a limited bank around £200 but only have access to the markets for 2 to 3 hours in the evening. Is it possible to trade successfully with limited time and resources and does anyone have any advice on strategies to do this successfully?
    Hello mate!

    Welcome to the biggest binary trading community!

    Here is definitely the place where you can learn the basics of trading in general and trading binary options in more precise manner. I can not give you short answer is it possible to trade for only 2-3 hours at the evening and with £200 in your trading account. My personal opinion is that everything is possible but you have to carefully select your goals and your plan. Day trading at the evenings during late US session is almost impossible, but if you start trading weekly and monthly options, that won’t be problem at all. Also starting with little capital is risky but if you consider it learning capital it can help you boost your real trading experience greatly. I won’t give you false promises that it will be easy. Probably it will take you many months of learning, but if you are persistent and train your psychology to no exposure yourself to great risks, you can eventually become successful trader!

  5. #4
    Active Member RichardD's Avatar
    Quote Originally Posted by me11 View Post
    Hello I have been trying to learn how to trade binary options for some time now with limited success. I have tried lots of different strategies but none have delivered consistent profits I trade in the UK, have a limited bank around £200 but only have access to the markets for 2 to 3 hours in the evening. Is it possible to trade successfully with limited time and resources and does anyone have any advice on strategies to do this successfully?
    This is not exactly answering your question, but as far strategies go, make sure you do KISS - Keep It Simple Stupid. The simpler the system the less you'll be confused with signals, and also the better you'll be able to make quick decisions (which in times of high vol, comes quite handy).

  6. #5
    Specialist Member LesterK's Avatar
    The others are right. Learn more and it will get easier with time. Also, at night the market is asleep so winning must be very hard. Can’t you somehow put those 2-3 hours in the morning?

  7. #6
    Master Member SeasaltMcFish's Avatar
    Maybe it's a better idea to first learn trading in practice and save some more money to start with a better bankroll. Learning does involve real live trading, but the basics are surely good to learn in demo mode. If you can survive in demo mode, you can use your (hopefully grown) real money account for the next step.

    Good tradings!

  8. #7
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by me11 View Post
    Hello I have been trying to learn how to trade binary options for some time now with limited success. I have tried lots of different strategies but none have delivered consistent profits I trade in the UK, have a limited bank around £200 but only have access to the markets for 2 to 3 hours in the evening. Is it possible to trade successfully with limited time and resources and does anyone have any advice on strategies to do this successfully?
    It sounds like you are trading late at night, GMT, which means that most markets are closed, which means that trading can be more difficult, with forex and commodities many assets trade 24 hours a day but only have a small percentage of the market. If this is true for you the best advice I can give on top of what everyone else has said is that maybe you should try to find a time when at least two continents are open ie Asian and EUropean markets or European and US markets, that way you get the best and most reliable price action.

  9. #8
    Rookie Member
    Thank you all for your advice very helpful

  10. #9
    Solid Member
    You can trade on End of Day expirations using a 4hr chart, maybe even a daily chart but a 4hr chart would be better. You start at 22:00 GMT, make your analysis for as long as you need, make your trades and go to sleep. If you want you can monitor them on your phone during the day. Think about it.

  11. #10
    Active Member Ronye's Avatar
    It's not imposible at all

    I started with 250euro at stockpair, after 2-3 days i was down until 150euro aprox and now in almost a month i'm at 642euro

    I use 2 sesions, one between 11-13 GMT and one between 16-18 GMT. I put minimum 12euro on trade and when i have 20-30 euro (in bad days or noise days 10-15euro) i stop everithing and waiting for the next sesion or next day depends. I make around 40-50 in normal day around 20 in noise days (yes are days when i limit to 0-5 euro if i lost in one sesion but this are rare days depends on market). So after a month i go up from 150 to 642 with this money management strategy and with no many hours at PC. Sometimes i trade for 30 min and stop other days i trade 1 hour it depends on market. Every day is different. I will continue like that until i touch 1000euro and after that i will raise my bid to 20euro per trade.

    First and most important i think is to have a good money management strategy, after that you can think about other trading strategies.

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