Binary Options Money Management For Consecutive Losses:
How to avoid losing money in binary options. Guide to Save Money!
Below is a typical example of consecutive losing stake:
1st Trade Tick Trade EURJPY = Loss
2nd Trade Tick Trade EURJPY = Loss
3rd Trade Minute Trade EURJPY = Loss
4th Trade Minute Trade GBPJPY = Loss
5th Trade Minute Trade GBPJPY = Win
When trader gets losses, sometimes unconsciously they keep trading same instruments over and over again in order to return back the lost money.
When 1st trade we lost with EURJPY, then it indicates price action of EURJPY is not correct to there is no point of making more 2 trades with the same pair. Plus as JPY is not working well, so there is no point of trading similar currency GBPJPY.
If under 5 minutes 4 trades is a loser, there is no point to trade during that time considering the time is bad, retry 1 hour or more hour later.
Generally, People do Martingale in such case, but that’s basically an account killer if your losing stake runs too long. That’s why taking a break after 1-2 consecutive losses & trying different market in later time is the smartest thing to do.
Top 2 things that cause consecutive losses:
Either Market is Wrong or Bad.
Or Timing is Wrong or Bad.
So the only solution is retrying at the different price at the different time.