hi there my name is John iand in this tutorial we are going to talk all about the best strategy for binaryoptions trading right from start let me tell you that there isno one strategy that will work for everyone you may beasking why It is because eachindividual has different risk tolerance and lifestyle for example if you're impatient and decide to tryrisky strategy with big gains and losses may make you go crazy
so you may want to stick to yourcomfort level or at least increase your risk slowly another factor is your lifestyle if your lifestyle does notallow you to glue your eyeballs to the screenevery minute of the day then did not attempt to make use ofstrategies that such great attention to detail picka time frame that is compatible with yourlifestyle
now that we have covered that there aretwo major schools of binary options trading they are thefundamental analysis makes use of statistical data such as GDP interest rate and employmentrate to try to predict the future price on the other hand technical analysis depend solely on charts you look at charts and analyze the trends and pricing
and try to predict the price movementfrom the observations the best binary options analysis for you might be fundamentaltechnical or a mix of both it's best to trydifferent strategies until you find one that you are comfortable with is in line withyour risk tolerance and happens to be compatible with your lifestyle for more tutorials of binary options trading pleas subscribe to my channel.
Binary Options Expiry
The third key element of a binary option tradeis expiry. Expiry is a major factor or a major element of a binary option trade, as the forecastof an asset needs to be correct at the time of the option expiry, in order for the optionto expire in the money, so in other words in order to make money or to make your tradeprofitable, your forecast that is either the price will end above or below the strike price,needs to be correct at the time of the option expiry. We could classify the expiry into three majorcategories. I will write here expiry. Expiry and as I've mentioned before it could be classifiedinto three main categories. The first category
has the shortest or the fastest expirationtime thus its short term expiry. These options typically expire within minutes or occasionallyup to an hour. So usually these are from one minute to one hour. While they carry a highchance of profit in the shortest possible time, they also carry the highest risk asa result these fast options, are usually played by only the most experienced traders. The second category consists of binary optionswith expiration time of several hours, thus we'll name it medium term. By carefully researchingreal time charts and economic publication, traders can usually place fairly safe tradesin this category, while the slightly reduced
risk, however also can slightly lower profit.Your money will also be tied up for a longer period of time on medium term trading. The third category is longer term. So I'llwrite longer term. It could be I just forget to mention medium term time frames. It couldfrom one hour to one day. The third and the last category is longer term. The final expirationcategory consists of binary options that will not expire for several days, sometimes weeks.So the longer term could so the longer term expiry are greater than one day and itcould last weeks. As a rule the longest expiration time is usually a month. The risk involvedhere is clearly lower still as are the possible
profit. This is an option normally selectedby novice trader, as it is often easier to predict, obviously following careful studyof technical charts and other publication, which way an asset will move over the prolongedperiod of time. That's it on binary option expiries. If youhave any question please leave your question in the comment section below. Please alsovisit my website that is binaryoptionsgain and subscribe to my you tube channel. Thanksfor watching.