As an active individual trader, you often must have eyes in the back of your head to keep track of every move in the market. The task becomes easier if you only focus on one specific item within a broad asset class, like the Aussie Dollar in the forex world. Finding high-potential market signals involves pattern recognition and a plethora of technical techniques to discern when the odds might favor your personal strategy. These issues do not go away with binary options.

Depending on how complex or analytically inclined you want to be, there are an incredible number of complicated ways to play the binary options trading market. Do not be swayed by marketing claims, unless you prefer to pay good money for someone else’s idea. Whatever strategy path you go down, there are generally three basic themes that govern how they work:

A simple search of the Internet will deliver a host of articles related to winning strategies when trading binary options. The “newness” of all of these suggestions conveys one simple truth – none of these have been thoroughly tested over lengthy time periods. The jury is still out, so to speak. Do not be fooled by claims of “90% accuracy”, especially if the party requires a hefty deposit to access his “magic formula”. There are a few basic ideas to follow, but first, let’s review ten tips to keep in mind before getting into specific strategies:

Like any other investment medium, the key factors for success are three in number –

1. Knowledge
2. Experience
3. Emotional control