The Best Blueprint For Increasing Your Binary Option Success
This strategy made me over a thousand dollars yesterday! See my trades below.
I know. You’re probably thinking that I’m screwing with you, but I’m not. In just a few minutes I’m going to show you a blueprint who’s parts are typically used separately by successful traders, but when combined, it will increase your binary option trading success exponentially. This is a super simple strategy that is allowing me to make enough money to travel often and to live a life that I have always dreamed of. Answering to employers are a thing of the past now.
I believe wholeheartedly that it can do the same for you.
I‘m going to show you a blueprint who’s parts are typically used separately by successful traders, but when combined, will increase your binary options trading success rate exponentially.
There is no cost to you for learning this winning strategy. The information is all laid out below and will cost you nothing more than a few minutes worth of reading. I want to pay it forward just as much as I want to help my mates at Skydiving with Sharks, who are looking for useful content to offer to their readers.
Plus, I make waaaay more using this blueprint than I would in the amount of time and effort it would take to package it and sell it to the public.
Before I reveal this strategy to you, allow me to explain my motivation for wanting to pay it forward.
Over a year ago, I was severely down on my luck. I was working a dead end job that paid me a few cents above minimum wage. I was drowning in debt. The most I could do was avoid defaulting each month, but I was nearly a decade away from being debt free.
Plus, I make waaaay more using this blueprint than I would in the amount of time and effort it would take to package it and sell it to the masses.
I could no longer afford to keep my apartment so I broke my lease to avoid being evicted. After paying an early termination fee to break the lease, I swallowed my pride and moved onto my uncle’s worn out sofa. From a positive point of view, living with my uncle and helping him take care of his two girls (one 7 years old the other 11 years old) was the highlight of what was a really dark time in my life. I don’t have children yet, but I love those two like they were mine. These brilliant girls motivated me to keep my nose to the grindstone. And I needed all the motivation I could get.
Even with much of my time devoted to work, I couldn’t afford a halfway decent apartment in the worst part of town. I worked 10-12 hour shifts, 5-6 days a week alternating, which robbed me of any conceivable free time. My social life was in shambles, one lost mate after another. I couldn’t keep a girlfriend because I was a slave to my job. I missed important family events. My plans for college were abandoned since there was no time to attend classes or study.
What’s worse, as much as I would hunt and apply, no jobs would hire me. I was rejected by so many organizations in such a short time, I lost count. The worst part about this was that my boss knew it. I assume it’s because employers were contacting him to verify my work history. Needless to say, he exploited that fact whenever he could. I was trapped.
I felt like a failure, and I was desperate for a way out of this life of uncertainty. I tried many ways to make extra money when I had time. I sold used clothing online. I washed cars. You name it. I even worked as a bicycle courier.
Needless to say, he exploited that fact whenever he could. I was trapped.
Whenever I wasn’t selling my soul to the job I hated, I was huffing and puffing on a mountain bike in the freezing cold with an often heavy bag on my back. Sometimes I would literally lean over my handlebar and cry my eyes out. I felt hopeless. My future looked bleak, and for the first time in my life, life abruptly ending for me didn’t bother me at all.
My desperation was at an all time high. I was willing to try anything to change the direction my life was going. Then one day, a random conversation with a total stranger I made a courier delivery to became the turning point I needed.
The woman I met told me she traded Binary Options, and I was instantly intrigued. She told me that she made a living doing it, and even invited me in her home, and made a successful trade in front of me to show how lucrative it is. Wow! Is it ever?!
I knew enough about stocks and forex to follow along with Bloomberg and CNBC. Technical charts were relatively easy to read. What did I have to lose, right? Well, I lost a little over $250 dollars trading over the course of a day. I was devastated. In spite of that, I realized something after seeing my empty trading account. I never had a strategy. I dove in without a plan.
I was willing to try anything to change the direction my life was heading.
So I did what anyone in my situation would do when they need information. I jumped online and absorbed all I could until I managed to devise a trading system from the information I found.
This system gave me hope. What it couldn’t do was remove the sting and fear of failing. I already lost over $250. I was scared to death of risking even a single dollar more. Meanwhile, I watched as my life continued its downward spiral. My worries were holding me hostage, and I couldn’t see that I was walking away from a second chance at a better life.
About a month later, my uncle approached me in the kitchen, holding my laptop and a huge smile on his face. I thought he was losing his mind and all I wanted to do was get my laptop out of his hands. Excited, he told me that he read my strategy for trading binary options and asked me if I started applying it yet. I told him no, and that I was scared to risk my money (I couldn’t bring myself to tell him about the previous loss). What he said next freaked me out, but gave me a new sense of determination that I’ve never felt before.
He said, “Do you know what feeling grows the strongest as we age? Regret. You won’t notice how powerful regret is while you’re young, but each passing moment spent living the mediocre life that fear provides you only strengthen it. In the end, you’ll be weakened by lost, wasted time and regret will consume you.” What my uncle didn’t know was that my feelings of regret were fueled by seeing my peers living awesome lives. My regrets were on steroids, and my fear of losing a few hard earned dollars started to become less and less significant.
I called my job early on a Friday morning for a sick day and immediately signed into my depleted binary trading account and deposited $500, half of which was borrowed from my uncle. Afterwards, I sat at the kitchen table and waited with two laptops open. One of them had my binary options trading platform (See below) on the screen. The other laptop had two charts from trading view open for the two currency pairs I was planning to trade.
In the end, you’ll be weakened by lost, wasted time and regret will consume you.
When the dust settled I made a little over $1,500 in profit and retained the $500 deposit. I was stunned that I managed to recover my previously lost $250, plus an extra $1,250+ in about 3 1/2 hours. I withdrew some of the earnings from my trading account and gave my uncle back his money and then some a few days later.
I repeated this process just about every day, each time being profitable. I didn’t always make $1,500 or even $1000 daily, but it all added up nicely by the end of the week. And it was enough to quit my job.
Now, I’m living a life people would kill for. I have an apartment in a great part of town and my future has never been brighter. Sure, I’m not driving a Bentley, and I don’t live in a mansion or in the penthouse of a luxury highrise, but having those things don’t seem as far fetched as they did over a year ago.
I was stunned that I managed to recover my previously lost $250, plus an extra $1,250+ in about 3 1/2 hours.
Before I packed up to move to my new place, something interesting happened. My little cousins were starting to notice how fast my financial state was changing. One day my 11-year-old cousin asked me something profound. She asked if I would help people who struggled like I did, find success even if I didn’t know them personally (her preferred term was “stranger”, but you aren’t strange right?). Her question is the reason why I’m writing this because I told her yes, and I’m a man of my word.
Whether your back is against the wall while struggling to make ends meet, you’re stuck at a soul sucking dead-end job with bosses and coworkers that treat you like you’re inferior, or you just want to finally take control and get more out of life, I want to help you achieve it. Binary options trading is one of many low investment ways to bring you closer to financial freedom.
I hope the system below will help you consistently make thousands weekly. This easy strategy will take about an hour to get the hang of, but with notes, you should be able to get the hang of it much quicker. So take notes (or bookmark this page).
If you don’t have enough time to read how each component in my strategy works, I encourage you to watch the videos in the sidebar on how each part works alone. Afterwards, skip ahead to the ♦♦♦♦♦♦♦♦ (Diamond Symbols) below and I’ll go over how these strategies combine to make you money, hand over fist.
Binary options trading is one of many low investment ways to bring you closer to financial freedom.
The RSI and Structure combo
The Relative Strength Index is my saving grace. The RSI is a measure of the number of days an asset increases in value relative to the number of days it decreases in value. This indicator identifies trend reversals. When the RSI moves above the 70 line, the pair is overvalued indicating an impending sell off and when the RSI moves below the 30 line, the pair is undervalued indicating an increase in purchases.
All you need to know is crossing above 70 means “get ready to sell” and crossing below 30 means “get ready to buy”.
Structure is the invisible lines of support and resistance that determine price movement and can signal new trends. For example, when an asset “double bottoms”, the asset is attempting to move downward but runs into resistance. Structure is preventing it from continuing its downtrend. An uptrend is likely to occur. Nothing is guaranteed, so that’s why you need the RSI.
All you need to know is crossing above 70 means “get ready to sell” and crossing below 30 means “get ready to buy”.
The way to play this combo is to monitor the current and past structure shown on your charts. Start by looking for trends. What you’ll do then is draw a line under up trends or above down trends. (Or chart a bullish or bearish flag pattern.) With trend lines in place, you’ll have to wait until the price changes direction and closes below or above the trend line you drew. Then, you’ll want a second close in the new trending direction for confirmation.
Should the RSI drop from the 100-70 line and moves toward the 50 line, look at the previous highs and lows in the price for structure. There is a chance that the asset is overbought. If there was an upward trend that is being disrupted by structure (current price can’t reach a new higher high), there’s more than likely going to be a downward reversal.
That’s your cue to sell/short.
When the RSI rises from the 0-30 line and continues upward toward the 50 line, structure will show you if there’s a new trend in the works.
That will be your cue to buy.
The Martingale strategy
The Martingale strategy is simple and is typically used on roulette tables in casinos world wide. Here’s an example of how the Martingale strategy works.
Imagine that you and I were playing a game, where you would bet on whether I would draw red or black from a deck of playing cards. For each $1 dollar you bet, you get another $1 extra if you win, and if you lose, your dollar goes to me. Overall, you have a 50 / 50 chance of seeing a red or a black card. With each card that’s drawn from the deck, it is then added back to the deck in a random place, maintaining the odds of 50 / 50 each draw.
If you choose a color and stick with it (all red bets or all black bets), and you lose a few bets, you will be able to regain your lost money if you double your bet and finally achieve a winning bet. You’ll also win the extra $1 for the successful bet.
The strategy is based on the premise that only one trade is needed to turn your account around.
|Your Guess||Money Risked||Draw Results||Profit/Loss||Account Budget|
This approach is based on the premise that only one trade is needed to turn your account around.
Let’s tie these two strategies together
In my opinion, the best entry level trades are identifying and trading trend reversals.
You’ll want to use either a 1-minute or a 5-minute chart, and keep your trades between 10 and 30 minute expiry times. (I generally use 5-minute charts when I trade, and 15 minute expiry times are my absolute go to.) When you are planning your trades and trying to determine an entry, look at your asset’s price structure. You should be able to identify the trend direction (up or down) of your asset.
What my typical trade setup can look like:
- I notice an upward (or downward) trend in previous price structure
- A trend line is drawn on my chart under the lows of the candles on an uptrend (or above the highs on downtrends).
- When the price breaks below (or above) the trend line I drew and continues to close lower (or higher) on my chart, I look at the Relative Strength Indicator to confirm my trading signal.
- If the RSI is in the overbought zone (70-100) and is beginning to trend lower towards the 50 line, as the price of the pair being traded breaks and closes below my trend line, this is a screaming Put (Short/Sell) signal.
- If I loss my trade, I double the amount that I lost, and continue to trade the direction I see on my charts until I make my money back.
- As long as you determined the potential direction of the price movement by spotting trends and using the RSI for confirmation, you will usually make successful trades way more often than you lose them.
- Be careful not to ride a trend too far. Previous trend continuations do happen, and you don’t want to be on the wrong end of one. Get about 2-3 hours worth of trading at the most on a trend and get the heck out of there. Unless your charts and RSI confirm otherwise, don’t go beyond 4 hours trading the same trend. You’ll be gambling at this point, and it will take a bit more money from your account for the Martingale to make your money back.
Here are two of my recent trades. This was from a few weeks ago….
I traded this over a month ago while on vacation….
Even when using the price structure and RSI combo, every once in a while my timing could be off. Sometimes my trades can lose. Knowing that, I use the Martingale system as insurance.
If I take too long to place a trade, I may enter while the asset price is moving sideways or in correction. I’ve literally lost trades because I was 2-3 pips out of the money shortly before a continuation of the new trend I was betting on.
The Martingale Strategy protects my gains by simply erasing my losses with a single win. The only real loss is the time I lose sitting through bad trades and the trade I play that gets my money back.
That’s not to say that this strategy will be chock full of winners. It can always be improved on to further increase the odds.
Sometimes my trades can lose. Knowing that, I use the Martingale as insurance.
So if you feel like you’ve gotten value from this information and I have energized you with enough confidence to make thousands or more trading binary options with me, I strongly suggest checking out Binomo. Or heck, any good binary options platform! Don’t miss out on a life changing source of income that could quite literally replace your main source.
Side note: Binomo allowed me to use their banners in this article instead of just linking directly to their website. Because of this, they are now giving me a few dollars. Just know that this is not the reason why I use or recommend Binomo. I’ve been trading with them since day one (see above) and I’m very happy thus far. Plus, the fact that they are regulated (with more regulatory applications pending) gives me peace of mind. There are a few decent binary options brokers you can use. Binomo is just easier to use and is one of the very few binary options brokers I trust with my money.
Since I’m open to new suggestions, I did stray to Goptions a couple months ago per a recommendation. Goptions is pretty easy to use and has a sexy user interface, but I had a bad experience. My money and bad experiences do not mix. I won’t go into detail or bash Goptions because they aren’t as terrible as others are, but I’ve since closed my account.
Update: Goptions has since ceased operations.
Plus, the fact that they are regulated gives me peace of mind.
To trade with Binomo, you only need a $10 deposit into your trading account to get started. I would suggest at least $500 or more otherwise the Martingale strategy could be rendered useless. If you have to employ the Martingale too many times too early, and you haven’t grown your account or deposited the perfect amount ($500 – $2000), you run the risk of draining your account before you finally hit that winning trade. A $500 deposit was the sweet spot for my somewhat modest trading style. (How aggressive you trade determines how much more you should have at the ready in your account.
Once you open an account, you can trade on a demo account to practice the above strategy as well as other strategies that you develop. Trust me, use the demo account to get the hang of any new strategies before for putting your own money on the line. Binomo created their demo account because they don’t want you losing money on their platform, so use it!
Binomo also has educational material to expand your trading arsenal and build you into a better trader, because, lets face it, they make money when you make money.
Trust me, use the demo account to get the hang of any new strategies before for putting your own money on the line.
Again, if you don’t already have a binary trading platform or you want to try a different or much easier platform to trade binary options, try Binomo.
What is the RSI
Courtesy of Investor Trading Academy
What is the Martingale?
How the Martingale works
Courtesy of BJF Trading Group
Additional Comments: It’s true that the more money you have in your account, the better the Martingale will work. Depositing a small amount or trading with a micro account can reduce the power of the Martingale. With that being said, this video is based on using the Martingale tactic ONLY, which is insane and dangerous. The Martingale should never be the star of your trading show.
Nevertheless, having at least $500 – $1000 in your account at all times will increase your chances of having winning days and protecting your gains.
How the RSI and Martingale trading method work together
Courtesy of Charlie Backer
Don’t believe my trade strategy works? Sign up here for a demo account and test it out risk free! You’ll thank me later.