Binary Options Training Course for Beginners
Learn How to Trade Binary Options (Beginner Course)
Welcome to our binary options trading course for beginners. If you’re new to binary options trading & brokers then this course is for you. In this 34 lesson course, you’ll learn how to day trade binary options including good money management, setting up your charts and choose the right assets to trade.
If you’re looking for binary options strategies to get started with right away, you can view our binary options strategy course here.
What will you learn?
- How to protect your capital with risk and money management
- How to set up your MT4 charts and find profitable trade opportunities
- How to make numerous profitable trades during the day (including 60s options)
- How to avoid losing trades
- How to use technical analysis for binary options trading
- About this Beginners Binary Options Course:
This binary options course has been produced by a professional trading coach with half a dozen years trading the Forex and stock markets. This course is designed to teach new traders how to trade binary options using basic strategies and ideas. This includes technical analysis (analysing price action), indicators and trading the news.
Although our course aims to teach beginners how to trade using these strategies, it’s strongly recommended that you invest further in your trading education by reading books, engaging in forums and practising your strategies on a demo account. You should also enrol in our advanced technical analysis course, which teaches you everything you need to know to trade off technical analysis and chart patterns. Our technical analysis course includes lessons on candlestick patterns, chart patterns, reversal patterns such as Head and Shoulders and more. All of these strategies and concepts can be applied to binary options trading.
- Are there any Prerequisites to this Training Course?
Although this training course is suitable for beginners, you should be already be aware of basic concepts such as how the financial markets operate, how binary options works and how traders can use technical analysis the trade the markets.
Our binary options course itself is more about the practical application of theories and strategies, as opposed to an introduction to the markets and ideologies. In fact, if you’re completely new to trading then we recommend enrolling in our technical analysis course to understand how you can read and analyse future prices based on historic price levels.
- Is Binary Options Trading Profitable?
Binary options trading, just like Forex, is profitable if you use a successful strategy and apply good risk and money management. This is why we teach risk and money management in our beginner binary options lessons, before you start trading. Once you’ve learned the basics of money management, it’s simply a case of educating yourself about the markets, currency pairs and the best times to trade.
In order to break-even in binary options, you need to achieve a win-rate of at least 55%. This takes into account the 80%-90% payout on winning trades. For example, if we received a payout of 100% then we’d only need to achieve a win-rate of 50% to break-even.
- How Long will it Take a Beginner to Become a Profitable Trader?
Unfortunately there’s no definitive answer this question, as everyone learns at their own rate. This usually varies from 3-6 months depending on your experience and how much effort you put into learning and practice. However, if you enrol in both of our binary options and technical analysis courses then there’s no reason why you can’t use this as a successful platform to build on. We recommend spending approximately 1-2 months watching our video lessons (twice or more if necessary) before you understand all of the techniques that we recommended.
Once you’ve completed our trading courses, we recommend practising your strategies on a demo account or trading 1-2% max of the your capital on a live account. This allows you to refine your trading skills on a shallower learning curve without risking too much of your initial capital.
We also recommend trading strategies based on longer time-frames (60m-25hrs) for beginners. This is for two reasons:
1. Longer time-frames and multiple time-frame analysis create stronger trading signals
2. Trading on longer time-frames gives you more time to analyse chart patterns
3. Trading longer time-frames reduces the chances of burning through your initial capital as quickly
- What’s the Best Strategy for Trading Binary Options?
The best strategy depends on a number of factors however generally speaking trading on higher time-frames such as 60m and 24hr options will have a higher success rate then short-term 60s options.
This is because although short-term trading is possible (as we noted in our 60s strategy lesson), you’re far more susceptible background noise in the markets. This is why many 60s signal providers fail to achieve a strong win-rate – they rely too much on basic technical indicators such as Bollinger Bands and Stochastics and don’t take into account other important factors such as the strength of trends, candlestick patterns, resistance levels, pivot points or major economic news releases.
For example, if the price of an asset is about to hit a very strong resistance/pivot level on the then placing a CALL option just because the Stochastics shows a positive figure is unlikely to be a profitable strategy in the long run. It’s more likely that price will reverse once it hits a key level.
The most common strategy used by successful binary options traders is technical analysis (i.e. monitoring price action, candlestick patterns, momentum and indicators). This is because while trading news releases and fundamentals is still possible, it’s harder to do on a shorter time frame instrument such as binary options, which is mainly designed for day trading. Furthermore, many people believe that the day’s news will be take into account in the underlying price of assets anyway.
- Should I Use the Martingale System for these Binary Options Strategies?
No. We recommend avoiding casino-based strategies such as the Martingale and Fibonacci system. This is because they encourage you to overtrade your bankroll. Remember, binary options should be used as a form of trading (like Forex) and not gambling. If you use casino-based techniques then you’re unlikely to make money in the long run. You should also avoid signal services that heavily promote such techniques.
- Who Should I Trust when Learning to Trading Binary Options?
There are so many scams and unscrupulous brokers in this niche that you need to be careful of what information to trust when learning a binary options strategy. For example, unlike in Forex, binary options brokers make their money from traders losing. Therefore, you should rarely trust anything that your broker account manager says to you when telling you how to trade. In fact, most account managers earn a bonus for getting you to deposit and lose more money. Similarly, you should avoid binary options scams and systems that are closely affiliated with brokers and get paid when you lose money.
The best place to learn how to trade binary options is either in a professional trading school (such as ours) or through communities and forums. You can also hire a professional coach to teach you how to trade if you’re willing to invest your money, however generally speaking there should be enough free material on the web to learn to trade.