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Video How To Trade For The Long Term In Binary Options (Binary options market hours holiday)
Hey everyone, Tom here again with another binary option trading tip. In this video I would like to discuss long term trading and how you can make it work for you.
Hey everyone, Tom here again with another binary option trading tip.In this video I would like to discuss long term trading and how you can make it workfor you. Binary option expiry times come in all shapesand sizes, and you can make them all work for you, 1 minute trades offer a quick payoff,1 hour or 4 hour trades give your asset a little more time to get to your target levelor correct if it starts out badly for you and 1 week trades can do wonders for youraccount if you correctly read risk factors for your asset in the week to come.And then there are the really long term trades, those that expire in a few weeks or even months.Obviously, if you're after a quick payout, these are not right for you, nor are theysuitable for people who tend to fret over daily market outcomes and sweat bullets
ifthe asset drops 200 pips. Such trades are only right for you if you have the followingtwo things: 1) Nerves of steel - most markets tend tocorrect themselves over time, but traders tend to forget that when they see one sharpdrop - remember: odds are, the market will rebound.2) Market experience - Assets change direction on a daily basis, but long term trades tendto be effected by more global factors like politics, climate, income etc. reading allof those factors successfully can land you in many winning trades.A crystal ball will also help, if you have it...There are obviously many more factors that go into long term trades, you're welcome toask questions below, and don't forget to subscribe for more insightful videos!
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