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Experience is an important ingredient to success in any kind of investment trading. However, it is not the only thing that will enable you to trade successfully. Even if you have never trading in any financial market before, you will be able to quickly understand what is involved in this type of trading and start making successful trades. In essence all you need to do is calculate whether the price of an item will go up or down. Some of the best traders use the simplest strategies for binary options trading and have excellent results.

Long Term Investing

The most important part of binary trading is to learn which of the available strategies best meets your needs and risk tolerance. Once you have established this you will be able to refine and improve your technique and obtain consistent, favorable results. When first starting in this industry it is best to stick to an area you already know something about and to stick to one asset type:

Trading with the Trend

One of the most straightforward approaches is to look at a price chart and see which direction the price is current moving in. If the general trend is up then place a call option, if down go with a put. Most traders place a trend line alongside the chart; from this you should be able to pick a price that the asset will not reach and utilize the no touch trade strategy.

Pinocchio

When the market is particularly volatile you may be expecting some rapid rises and falls in price. This chart will highlight when these events are likely to happen and allow you to trade accordingly. Alongside the usual price movement trades you can opt for a one touch trade where the asset drops (or rises) significantly and hits your expected price. This is higher risk but can be lucrative.

Sitting on the Fence

This is also known as straddling and is another good technique for a volatile market. Instead of trying to decode which direction a market is likely to move in you place two trades; one for it to go up and one for it to go down. The profit on either of these trades should cover the costs of both trades and generate a small profit. You are effectively decreasing your risk.

Reversed Risk

This is very similar to the straddling technique. However, with this strategy you need to place both trades, up and down, at the same time. You are guaranteed to get one of the trades right, but unlike the straddling technique you do not have a chance of getting both right.

The Hedge

This technique is very similar to the reversed risk approach, and serves to protect your funds and reduce risk whilst still generating a small profit.

Fundamental

An important strategy which should never be overlooked and works well in conjunction with any other technique is the analysis of the general economy and the specific situation of your chosen company. You will then be able to assess what the price is likely to do on the strength of the company and the economy.

We also suggest you to check 15 minute binary options strategy in order to rise the profitability of your trading.

Forex trading success is through knowing the insides of the financial and foreign exchange market, and through some amazing insight and strategy, successful currency trades can amass you a small fortune. Stanley Druckenmiller is one of the great currency traders and many brokers aspire to reach the levels of success that he has achieved throughout his 30 year career. His most famous, and most lucrative, currency trades both occurred through the successful trade of the German Mark, The first at the fall of the Berlin Wall, and the second in combination with one of his partners, George Soros, that ended up with both men making billions and creating huge gains for the company. All of these currency trades were used with futures stocks and the careful insight of the brokers to use the current political and international climate and predicting change, insight that forever changed the lives of these men and the climate of the forex market.

The Great Currency Trades

Both the trades focused on a currency crisis, and a smart broker can always take advantage of political turmoil. The initial crisis occurred when the Druckenmiller believed that the reunification of Germany after the fall of the Berlin wall would be a very rough transition and made a futures trade, increasing it to 2 billion worth of marks in the long haul and managed to reap benefits of 60% growth for the Quantum Fund. This currency trade cemented Druckenmiller’s position as one of the top traders in the industry and set up his firm as a leader in the industry, changing the thoughts on futures trading. The second multi million deal was done in collaboration with George Soros, and became known as the largest forex trading move in history. While Soros was working on breaking apart the British currency with his trades, Druckenmiller leveraged his working capital and bought up marks in the long haul and leveraging the assumption that investors would shift to the German currency after the English decline. Once again he reaped amazing success, with himself and Soros pulling off one of the largest coups in forex currency trades.

Life After the Mark

Druckenmiller retired in August 2010 stating that his days of great returns were over and that he could not provide returns to clients that he was satisfied with. He has been ranked by Forbes as of this year as the 149th Richest man in America and has holdings of assets of over 2.5 billion dollars. However, beyond all his wealth, he will be known as the forex broker who made the Mark earn him millions in currency trades.