A Typical Trading Day
Trading any market carries no mathematical certainties; only implied probabilities. Every potential outcome is possible, until one happens and the rest collapse to zero. But in this chaos, are embedded patterns of human behavior that repeat with almost perfect mathematical certainty due to the eternal emotions of fear and greed.
We live in a multi dimensional universe, and trading is no different. Navigating this environment without a good money-making algo is like throwing a rock at the moon and expecting a hit; it ain’t gonna happen!
I’m close to finishing my Binary Options algorithm manual. There’s something here for everybody; no matter if you are a complete newbie or a veteran trader; no matter your level of risk tolerance, as the algo contains multiple levels of risk taking, from ultra conservative to wild-ass bat-excrement crazy cowboy; no matter how much [or little] capital you wish to start and build, as minimum bets start at $10 and go from there, and accounts can be opened with as little as a couple hundred bucks.
It is a sophisticated algorithm, yet easy to use with extremely simple rules. If you can read, write, and see a computer screen, you qualify [sorry Chalky voters, readin’,writin’, and clear thought are mandatory]. I have included pretty much all the markets you might be interested. They are the major currency pairs and their crosses, spot gold [XAUUSD], the major stock indices around the world [e.g., Dow30, FTSE 100, etc.], and crude oil.
Why all of these markets? To make sure you have a mix of available markets to choose your bets that are moving and volatile. Don’t be a one-trick pony.
Essentially, cutting through a detailed explanation, the algo identifies very short term time-frames where the market is expected to move either higher or lower [from a given point] with an approximate 80% chance of success during that time period. Obviously, we bet in that direction. A few minutes later we are either a winner or a loser of that bet when the option expires.
Imagine playing blackjack in Las Vegas where every hand the dealer has a “6” showing and your two cards add up to eleven. Double down, flip the cards, and voila! …… winner, winner, chicken dinner most of the time. You would quit your job and move near the casino to play in this environment, and you know it. The algorithm is better than this.
Pick from the list of financial markets I stated above; pick the time of day and/or night you want to trade; be patient and keep your discipline while watching 2, 3, 4, or however many markets at the same time; when you get the signal, make the bet. All from the comfort of wherever you want to be.
The key here is discipline. The whole world can have the algo and it isn’t going to impact anything because 99% of you will stray from the fold from lack of discipline. If I could only invent a pill that could suspend brain activity while trading, I’d be the richest guy in the world.
Have a good day everyone.