I had been investing with Forex market for many years, and had spent a lot of $$ investing with “auto trade robot” and signals services, but trust me, nothing beats learning to trade yourself.
Anyways, I came to know about binary options a year ago, and had lost more than USD20K for the start before I sat down and re-learn everything from scratch.
Before you jump into binary options, you must understand that forex runs 24 hrs. round the clock, and different trading time have different market behaviour. My personal experience found out that Australia and Asia time are slower than Europe and US time, but Asia time are more predictable for beginner, while Europe and US time are for more experience trader because the market moved faster, it can turn from profit to loss in just a few minutes time.
Secondly, you must have a set of strict trading rules and money management rules to follow, many peoples lost their money in the market due to lack of discipline in these 2 rules. Many people forget to stick on to these rules after they are in the market, and instate of trading, it becomes gambling.
Thirdly, you must also learn to read the trading graph, either using Meta-trader software or other similar software, you have to know what setting to use, example “moving average setting” , “momentum” etc., Be-aware of the value of all these setting, some setting work well on normal forex trading may not work for Binary Options.
After many months of studying and live trading, now I have numerous live account with different trading strategy, not every day is a profit day, but in looking at monthly basis, all are in the profit of about 30% to as high as 200% monthly with only 5% margin risk on your account.