How to choose your trading strategy for binary options?

If you enter such a query into the search engine, you will find at least a million results. Today we will talk about how to choose your trading strategy and I will also give one of the working strategies in 2019.

The most important thing that a beginner needs to understand is that there is no such tool that is 100% profitable. If you see an advertisement on the Internet - “98% profit”, then you should know that this cannot be true! If the creators of such a universal method could earn as much as they write, then there would be no need to talk about it on every corner, as they would just make money.

So, the principles of successful binary options trading:
- think with your own head and less fall for the dubious promises of experienced traders,
- trade moderately, without emotions,
- have your own clear trading strategy.

Finding a strategy for binary options is easy enough, the main thing is to test it. And to do this, it is better on a demo account, paying attention to all the subtleties of the market movement. If the author of the strategy claims that it is 100% profitable, and you cannot trade using it, there are two options:
1) Try to trade according to the strategy with the help of binary options signals, maybe you do not have enough speed to analyze the market.
2) This strategy is unprofitable, and it was created so that inexperienced traders would lose their deposits in favour of the broker.
You will find several working strategies HERE.
By the way, in spite of the fact that strategies usually work on any platforms, some are simply not tested on other platforms. You can become a pioneer in a way, so there are risks and never forget about it.
Remember that if you take a new tool for trading, always try this tool on a demo account. Never trust a word from promises from vibrant advertising.
There is also a psychological component of trade. If you always win on a demo account, but it doesn’t work on a real account, then you can test new instruments with the lowest rates and on a real account.
An example of a working strategy for binary options is "Woodcutter strategy". We trade on a live chart using signals for binary options vfxAlert.

Strategy characteristic:
Type:                Trend
Timeframe:     Any in the range M1-M5. In our case, M1 is used, but with increasing period of analysis, the accuracy of the signal an increasing.
Trading asset: Any currency pair. The main requirement is a fixed (2-3 points) spread and no hidden fees.
Trading time:   All Forex trading sessions.
Percentage premium option:  Not less than 70-75%.