How to Become Your Own Binary Account Manager

How to Become Your Own Binary Account Manager

Submitted by adil on Mon, 01/26/2015 - 08:15

The need for a proper management system is really important to carry out your trading successfully. Believe it or not, all of your strategies and methods can go to waste if you do not have proper techniques for managing your trading accounts. Traders focus on learning new tools, which is good, but they ignore the one important factor which matters the most. There are a couple of account management styles that you can apply to binary options trading.

Passive Binary Options Account Management

Binary options trading is said to be one of the few most difficult trading industries to be prosperous in. It is not easy to make money in this field if you do not know how to manage your accounts. So if you are a beginner and you do not have sufficient knowledge of the industry, start by adopting this method of passive binary options account management. In passive account management, you only invest a maximum of 5% of your capital on a single trade and only invest a maximum of 15% on all trades collectively at one time. It means if you are going for the big shot, you should invest in only three trades of 5% each which will make up to 15% investment of your capital collectively. So until one of your trades expires, you must not place any more trades.

Even if you are a beginner or an expert in this field, the use of Passive Binary Options Account Management style will definitely do marvels for you.

Aggressive Binary Options Account Management

The other style we will talk about is Aggressive Binary Options Account Management. This management style is only recommended for trained and expert traders. Novice traders might not be able to fully understand and control this system as it requires a maximum of 10% investment of your capital in a single trade. This means the maximum investment at one time can be of 30% in all trades. So here you can place three trades of 10% each that will account for an investment of 30% from your capital at one time.

Aggressive Binary Options Account Management style is generally not supported by people because many traders lack the skills to manage large investments such as up to 30% at one time. But we believe that if a person is ambitious and keen, he will find a way to excel in these methods and be able to make large amounts of profits.

Binary Options Trading is no piece of cake and especially for beginners, a lot of effort is to be put to outshine in this field. It is like a marathon where everybody is running as fast as they can and if you lose focus for even a second, you might lose the whole race. All the traders who want to make money must maintain focus when trading, look for new strategies and ideas to improve trading skills, remain knowledge hungry without these things, no one has ever won this race.