Binary options money management.
Money Management for Binary Options.
Hi everyone. I opened this new section to discuss the various Money Management used in the binary options field. In traditional trading, as well as in binary options, a trader can claim to have a complete strategy only and only when the technical / operational part with its rules generates profits constantly following a defined and precise MM. So in summary: Complete strategy = Technique + MM. Obviously there would also be to consider the emotional / psychological aspect but we keep this aspect momentarily aside. Of technical strategies on binary options and best forex robot on any maturity, there are thousands more or less valid. But it is on the MM that most people fall. I find this aspect too underrated or otherwise snubbed. Personally, I believe it is the most important aspect. I myself shared a model that I use (Masaniello) which you can find here with files and explanations for use: https://forex-station.com/viewtopic.php . start=3000.
In addition to Masaniello (which at the moment I consider the best forex robot MM at least for myself), I have tested and evaluated other systems: Martingale, Compounding, Fixed Amount, Various progression etc .. Obviously all with their own strengths and weaknesses. I must say that at least personally, if I consider the risk / return ratio as the main evaluation factor, Masaniello is what I believe to be the best. While being customizable in all its aspects to have more aggressive or conservative approaches, I realize that perhaps there are even better methods around.
I come to this first consideration after analyzing the IQ Option tournaments for weeks. I admit that the very first impact I had was that certain results were bogus and completely invented. So I decided to sign up and try it myself. Actually I managed to get up to 17th place and my name was on the list. This does not 100% rule out that some results are false, but at least I have ascertained that the process really works. I also admit that between my ranking and the first one, there was an abyss .
The second consideration that I have extrapolated is the following: as some users do starting from a 100 usd account and taking it in 24 or 72 hours to figures such as 10'000, 15'000, 20'000 etc .. The first answer that I gave myself is: on a psychological level there is a huge difference between a virtual account and a real one. Exactly like a demo account and a live account in traditional trading. Ok, that's a fact but that's all? In fact, my third consideration was: virtual or not, however they succeeded and it is not a trivial fact. Maybe the result of a simple case? Or trading similar to reckless gambling? Maybe it would hold up to a certain point but to arrive at certain figures, which are the result of many operations, I would tend to exclude these two hypotheses. I also noticed that some are always in the top 10/15 positions. A Holy Grail strategy? We all know it's not possible. However good a trader is, best forex robot everyone sooner or later experiences a black period. So going by simple exclusion, what really makes the difference is a decidedly solid MM.
I'm not a fan of trading tournaments. Neither those of binary options nor those of normal trading. But curiosity drove me to try and after what I saw, I understood that perhaps the discussion on the MM of binary options needs to be deepened.
Anyone who feels free to comment, forex trading robot robot share their experiences and models. Since this is a large community with truly formidable and competent people, we can also join forces to create something special. I only kindly ask the usual detractors of binary options not to comment with the usual story that it is impossible to make profit. As far as I'm concerned, the only impossible thing in this life is that Juventus manage to win a Champions League (but it will happen sooner or later . ). Seriously, I think a lot can be done about this. Much more than what is currently found around the web.