Smart Objective on Binary Options

[painofhell]

Today, we are going to talk about a method to limit the risk and be performant on Binary Options.
This document is not a technical analysis for Binary Options, it's just a personal method to help people to manage there wallet, stress and time.

* What is a S.M.A.R.T objective ?
S. : specific
M. : Measurable
A. : Ambitious
R. : Relevant
T. : Time-bound

A S.M.A.R.T objective is a management method used on companies to set and measure expected performance of a collaborator.

* What is the relationship with Binary Options ?
I personally use S.M.A.R.T objective to try the Binary Options competition.
It's help me to fixe my objective by day to reach a good rank at the end of the month.
The difficulty on the Binary Options contests is to stay at a good rank all to the end of the competition.
In addition, the wager limit is 1000USD by day, so you are limited and you can just risk this amount.

* What is my method ?
I use a spreadsheet with all open days and for each day I write the account value to reach, and the amount really reached.
Start account : Start to 0 at the month start, and previous final account the other days.
Objective : (Month objective - current account value) / (days count to the mo…

 

[Hulas]

Binary options is one of the most ambiguous and complex areas of the market, and that's why if you choose this format of work in the market - you need to understand how to work in this direction correctly and, most importantly, safe. And, of course, profitable.

 

[bangtradingpro]

i dont think binary option is trading, its kinda finacial beting on money markets instrument

 

[RainbowRain]

i dont think binary option is trading, its kinda finacial beting on money markets instrument

At the same time, such a bet is very unsafe, since, unlike forex, in binary options, in addition to the direction of the price movement, you also need to guess the expiration time, which only complicates the trading process and reduces the chance of making a profit.