The answer is yes.

But before I give the reason to the answer I must say that all of you that keep saying
with confidence that binary options is a scam are losers in this type of investment, just because you don't
find it profitable doesn't mean it's a scam. You just don't have the right strategy and tools to make you
consistently profitable. I must admit that there are quite a number of unreliable brokers out there that will
take away your cash but there are very good brokers available that will make it easy for you to be
successful in binary options. Trading binary options and forex is both profitable but the profitability is
different between the two. You can make a huge amount of profit in binary options in just a short period
of time unlike forex trading where making the same amount of profit you made in binary options will take
a longer time, but in the long run both are profitable types of investments. I'm not gonna explain the pros
and cons of both types of trading but I just want to make a point clear to readers that are starting to think
that binary options is a scam because of the majority of people here speaking against it. Binary options is
not a scam and you can make an extremely great income out of it, only if you have the right trading
tactics for it and that's a fact! If you don't know what you're doing, you're surely gonna lose but if you
know the behavior of the investment option I assure you that you’ll be consistently profitable.

Now let's talk about how I myself trade binary options. I'm gonna share with you a strategy that may or
may not help you, there are several other strategies that you can use to trade this type of investment and
this may or may not suit your needs but I'm gonna share it anyways, it will work out for someone out
there just like it does for me. I use pure price action trading binary options. I figured, if price action works
for forex trading why not on binary options? So here's how the strategy goes:

•I use the 1 minute candlesticks

•Secondly, I spot a trend on a currency pair then;

•I mark the support and resistance zones (I'm assuming you know what these are)

•After I mark these zones, I wait for price to touch these zones. Support and resistance zones are areas
where price has a potential of reversal.

•When price reaches these zones I wait for a candlestick confirmation (pin bar, engulfing formation etc.)
When that happens I place a call/put option.

Now I use 5 minutes expiry time, that is for the 1 minute candlesticks. You can use higher tomeframes and
expiries if you like. But I must tell you that the expiry time must be higher than the expiry time for the best
results of this strategy. I hope this works for you.

Note that you must not risk more than 1% of your capital on your trades, that's a universal rule.

And to all those that say binary options is a scam, you're just a bunch of lazy people that have failed to
take the time to learn and understand this type of investment.

Eggy Fresh
 · 1y
Have been trading in binary option for almost 4 years and since then, I gain a unrecognisable certification
for being consistently profitable trader by my mentor from Germany.

Price action - Is when you predict market movement. This means, the bigger picture of price action.

Candlesticks- Is an individual candlesticks pattern.

If you're using just "Price action" and Support & Resistance levels to trade in Binary Option, I don't see
how you trading in a minute timeframe.

How I trade

1. Trend - 20%
2. Key levels - 20%
3. Rejection - 20%
4. Individual candlesticks and Candlesticks pattern - 20%
I got 80% odd in my favour and the balance 20% is the broker odd.

If you look at the chart above, you can see EMAs and BBs indicators. These Indicators guide me as to
where market are heading, market condition and as dynamic key levels.

You can see where price reversed, consolidation area and trending.

1. Major trending market

2. Ranging market
 3. Trending market
See how strong downtrend are in between of the lower white and green line, is that a coincidence?

You know that Hammer won't always look like a hammer same goes every candlesticks. To confirm if it's a
hammer, the running candle movement says it all.

Individuals candlesticks - Have its own unique level to confirm if its a hammer, engulfing, high wave etc

There are a lot of things to properly trade in binary option. The more tools we put in our arsenal, the less
losses.

Concepts

1. Exshaution candle(EX)
2. Peircing Line(PL)
3. Fake breakout(FB)
4. Process of elimination(POE)
5. HH-HL/LH-LL(Higher high - higher low)
6. No rejection setup(NRS)
and a lot more.

With 80% odds vs maybe yours 40% odds, I'm 80% confident about my W/R.

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What is the percentage of people who win or lose with binary options?

90% of traders lose money. 10% make money trading in general.

Focus on the knowledge. Proper knowledge consist of (Trend, Key levels, Rejection & Candlesticks
Patterns). Each being 20%. So that's 80% odds in your favour. And everything must be in confluences.

For example, hammer candlestick can be a retracement candle, reversal candle, can mean nothing and can
be very strong trend continuation.

So how to know which is which? By knowing the market condition. In ranging, hammer candlestick can be
a sign of reversal, sign of trend continuation or can mean nothing.

In trending, hammer candlestick, is very strong sign for trend continuation.

Indicators like 200, 100, 50, 20, EMAs & Bolinger bands with 2 different deviation can show you the
market condition. Can give you sign of market going into consolidation area, ranging, trending etc

This is proper knowledge for trading binary option. Outside of this, is gambling. Because what you read
above can be use in any financial instruments, any brokers and with any assests with candlesticks. Forex,
stock option you name it. You don't have to change "Strategy" because it is not a strategy. The above
knowledge is call price action and concepts. Strategy is for long term investors not for retail traders or
binary Option traders.

You don't have to keep changing. You can get this knowledge very soon when I officially release my
website with free videos to learn. With one on one mentorship program and structure learning stages.

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