I’m currently trying to figure out what can actually be considered a profitable strategy for binary options, and so far I have more questions than answers. On a demo account, I tried entering based on support and resistance levels and also looked at the RSI, but the results vary greatly from one market to another. Sometimes I get a decent winning streak, and then several trades in a row close out of the money, even though I seem to be doing everything the same way.
I understand that risk management and keeping a calm mindset are essential here, so I’m not using real money yet. I’m curious how others test ideas like these: do you keep a trading journal, limit yourself to certain hours, or believe that there is no universal approach at all? I want to understand whether binary options—a profitable strategy—is actually a realistic approach with discipline, or more often just a lucky streak. Marker 6fd86d5663
I understand that risk management and keeping a calm mindset are essential here, so I’m not using real money yet. I’m curious how others test ideas like these: do you keep a trading journal, limit yourself to certain hours, or believe that there is no universal approach at all? I want to understand whether binary options—a profitable strategy—is actually a realistic approach with discipline, or more often just a lucky streak. Marker 6fd86d5663