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Hello everyone, Carl here again. In my last video I gave you some tips aboutactivating your binary option trading account, so in theory you should now be able to justgo into the trade room on your software or platform and start trading whatever assetyou want, but does that mean you should just dive right in? NO.Because if you do trade like that it means you'll be trading from your gut, and actingon emotion, and as you may have guessed - that's risky, to profit from binary option tradingyou need a strategy so you can avoid any mistakes. But which strategy will work best for youand how do you find out? Here are a few small tips:1) Financial strategy - plan according to the size of your investment - no sense intrying to apply a strategy that calls for x
amount of dollars if that's 75% of yourmonthly investment size. 2) Time management - some strategies callfor long term planning, those will hardly be of any use to you if you use 60 secondor 5 minute trades, stick to the length of time you want to trade and look for strategiessuitable to that time limit. 3) Risk - what kind of trader are you? Doyou enjoy living on the edge or would you rather play it safe? There are strategiesthat will work for you whatever your appetite for risk may be, make sure you pick the bestone for you. The best strategy for you will be one thattakes those 3 components and manages to combine them to your liking.Hope you enjoyed this video, there are more to come soon!
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