How to conquer emotions and learn how to make money in the binary market? Are you an emotional shopper? Take the test and write down the result:
Until such time as your mind does not control the emotional component, you are unlikely to become a successful trader. At the very least, this is better than endlessly sorting out trading strategies and complaining every time that nothing works and the binary market is not created for making money.
The ability to handle money goes far beyond the standard set of rules, where, when certain conditions are met, you need to buy or sell the selected asset. Failure to understand this point leads to the fact that most traders are disappointed and leave the world of stock speculation. Want to follow the crowd? No? Then let’s change.
For starters, be clear about your financial goals. Next, compare them with the results you want to achieve in the binary market. Learn to control desires and properly manage money. This is how discipline is developed. Do you feel that everything works out?
Take the test again. What is the result (only honestly)? Now that your emotions are under control, we can move on to considering a trading strategy.
Today’s system is called “Gambit”, which in chess slang means something like this: sacrificing an insignificant piece in order to gain a strategic advantage. The idea of the Gabmit TS is to skip secondary signals and open a small number of high-quality transactions.
To trade according to the rules of this system, it is enough to pre-install the MetaTrader 4 terminal and load the prepared Gambit template into it. The appearance of the chart after adding the strategy template:
Key Concept
After any trend movement, a rollback occurs. And the deeper and stronger it develops, the more chances you have to enter the market profitably. Naturally, if the entry point is determined in a timely manner. The “Gambit” technique is precisely aimed at working with deep rollbacks. Rules of operation:
- the middle band of the Bollinger Bands will act as an area where market participants will consolidate their entry orders;
- a set of system rules will filter out false signals;
- A properly selected “control candle” will allow you to find exactly the moment when there is the greatest probability of the implementation of the option contract.
Rules for buying a CALL option
- The price should be located above the middle line of the Bollinger Bands, which at least 10-15 previous candles increased.
- The low of the “control candle” should touch the middle of the Bollinger Bands and be located below it and below the low of the previous candle.
- The closing price of the “control candle should be above its midpoint level and the midline of the Bollinger indicator.”
- Recommended timeframe: 15M.
- Expiration time: 45 minutes.
- Trading sessions: European, American.
- Risk in one position: up to 2% of the account.
Example of buying a CALL option
Average frequency of entry into a position: 1 time in 2 days
Rules for buying a PCI option
- The price is located above the middle line of the Bolinger indicator, which was decreasing for 10-15 previous candles.
- The maximum of the “control candle” touches the middle of the Bollinger Band, is located above it and above the maximum of the previous candle.
- The “control candle” closed above its midpoint level and average. Bollinger indicator.
- Recommended timeframe: 15M.
- Expiration time: 45 minutes.
- Trading sessions: European, American.
- Risk in one position: up to 2% of the account.
Example of buying a PCI option
“Gambit” is a multi-currency technique with which it is convenient to work with several assets at the same time.
Additionally
If temperament does not allow you to be careful, you can try the following options:
- Activate trades even if the “control candle” does not touch the CP. Bollinger Bands;
- during pullbacks, assign equal importance to both the middle and other Bollinger Bands. So the signal will come much more often;
- switch to a lower timeframe (5 M, 1 M).
Does the Gambit vehicle work? Yes, verified by hundreds of traders.
Gambit strategy at Binomo broker
To make the Gambit strategy the most profitable for you, and to work with it more comfortable, carefully choose a broker. We recommend trading on the site of one of the most popular brokers in our country, Binomo.
Among its advantages: a modern functional platform with advanced features (setting up a chart, adding indicators, a wide selection of options, expiration dates, etc.). The company also offers its traders convenient withdrawal and deposit of funds, promotions and bonuses that will make binary options trading much more profitable.
A detailed review of the Binomo broker is here.
Go to the official website of the Binomo broker here.
In order to buy a
CALL
option in the Binomo trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: UP
- Click the “buy” button and follow the results.
In order to buy
a PCI
option in the Finmax trading terminal, follow these steps by going to the binomo.com website and preparing the option, indicating:
- Type of asset
- Expiration
- The size of the bet
- Forecast of quote movement: DOWN
- Click the “buy” button and follow the results.
Bonuses broker Binomo
Binomo is popular because it constantly holds a lot of profitable promotions and offers that will be of interest to both options beginners and professionals. You can familiarize yourself with the broker’s promotions and take part in the most profitable ones for you here. By trading binary options with bonuses, the trader not only gets a good chance of a decent income, but also saves his budget and can get the most out of trading faster.
Binomo Broker Tournaments
Weekly free tournaments from Binomo are an opportunity to get real money as a gift without investing your own investments in the contest. Tournaments are held on Thursdays, traders with any experience who have a demo account with a broker can participate in them. The main prize, which is awarded to the winner with the highest profit during the tournament, are options in the amount of $150.
Participate in the Binomo tournament
Tagged with: Binary Options Strategy
