Hello,
I am new to Binary Options and I am afraid I don’t have much experience in this regard. I’ve given it a couple of shots with 60-second trading, but I lost both times.
I came across this video:
[video]YouTube
which basically states that without a strategy, one would lose more often than win. If so, then maybe this isn’t something that I want to get into.
Could someone please help me verify if the video makes sense?
Thanks!
I haven’t watched the video but logic dictates that whatever style of trading that you follow, without a strategy you are aren’t going to make any money!
You’re absolutely right. I guess what was disconcerting for me was that even without a strategy I was hoping it would at least be 50 - 50, but based on the video it seems that is not the case.
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Pipstradamus
in general in short term trading you will lose in the long run. If you don’t have a proved strategy, I would advice not to touch it.
Please stay away from binary options but if you do decide to get into it please dont fall for the 60 second 5 pip rule strategy.