Rahul Shariff

Risk management in trading is indispensible, if you want to succeed in the binary options market.  If you do not have a proper risk management plan you may not be able to achieve success in this volatile market. As a trader you need to understand that it is not easy to make consistent profits in this market.  There are inherent risks associated with this market and if you are not careful you may lose big money and all your investments within a few trades. Managing risks in binary options trading  Irrespective of whether you are a beginner or experienced trader, you need to have a proper plan for every trade.  A well made plan can enable you to take your first step into successful trading. After you have made a good trading plan it is important that you stick with it. If you keep making changes to the plan at regular intervals, you may not be able to benefit from it. Placing emotional and impulsive trades can also result in big losses.  When you let emotions cloud yo

As a trader you need to be aware of the other types of binary options if you want to trade successfully in this market. You can choose the type depending on your specific trading needs. The type can be decided depending on the prevailing market conditions and trends. You can make the choice based on the best payout that is offered in the market. Up/down – This is the most common type of binary option and is also known as call/put or high/low option. The trader speculates whether the underlying asset may close up or down at a predetermined period. You can choose to take a long or short position. The various expiry times available to traders include 60 seconds, 15 minutes or one hour, end of day or more than one day. After the trader choose the expiry period they do not have to monitor the trade as it automatically expires at the specified time. The closing status of each trade is notified to the trader and this helps keep track of the profits. Touch/no touch or double tou