Binary options traders do not always trade according to a trading strategy or system. What is the difference between a trading strategy and a system, because it can turn your work into a casino game.
The trading system includes only the action based on the result of the analysis, the strategy, in turn, includes the complex behavior of trading, because money management, risk management. The system is included in the trading strategy.
Why you need to trade according to a system or strategy.
Optimization or improvement of performance is possible only if there is a process. That is, decisions are made according to the same algorithm. If you change your approach or make a different decision each time, you won’t be able to improve the process.
For example, if you use a trading strategy that is based on moving averages, you should make decisions only on this strategy. If you are not satisfied with the results, you do not need to immediately take other indicators.
It is necessary to add indicators that will confirm or refute the conclusions on the moving averages.
Improving processes is YOUR binary options trading strategy. Which is based on the postulate “DO NOT REPEAT YOUR MISTAKES.”
You can choose any strategy and correct your trading results by correcting the following parameters:
- Position Time
- Adding additional confirmatory indicators
- Changes in risk management
- Money Management
- Work deposit
- Time frames
- Trading Asset
Find the reason why the deal worked against you and correct the mistake!
Choose Binary Options Strategies
