Can You Grow Too Fast? | Binary Options Trading

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Alright guys, so in this video I’m gonna be talking about how fast is too fast to attempt to scale up your account. My name is David with Binary Masterclass and welcome back to the channel.

Okay, so there are a lot of YouTube videos related to binary options trading that show an individual apparently trading an account from $1 to $10,000 or whatever in just a number of trades, pretty much betting all of their account size on each trade and doubling their account virtually every trade until they take their account from a small amount to a large amount. So a lot of people have the impression that that is a realistic expectation when trading binary options. What they don’t realize is the amount of times you would end up blowing your account in an attempt to scale an account that quickly or just how fake some of those videos actually are so the question is and we get this a lot. How fast is too fast to attempt to scale up your account or in other words at what rate should I be?

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Attempting to scale my binary options trading account. Okay, so with our strategy and money management, we actually utilize a 1% first entry trade size, which when you factor in the markdown of the currency pairs that you normally get in the binary options traders, let’s call it 80% or 85% on average. That means it would take about 100 successful trading cycles to double your account. That may sound like a lot of trading cycles, but keep this in mind. If you’re trading one or two trading sessions with us a day, maybe taking 10 trading cycles a day. That is only two weeks without a significant loss for you to potentially be able to double your account using a relatively conservative money management approach. Now you can scale quicker. And at times I do, but really what you do is you open up the possibility. If you were to lose a third or a fourth entry of a much more significant loss, setting you back to a place where it takes a lot longer to recover.

Okay, think about it this way. If you started with an account size of $1,000 and you doubled your account every other week, after six weeks of trading you would have an account size of roughly $8,000. At that point, you could take a $3,000 withdrawal, bring your account back down to $5,000, and if you only took five trades a day at 1% per trade size, you’re gonna make approximately $200 a day off of that $500 account. Now for most people, that’s a pretty good amount of money. In fact, that’s probably above the average wage of most binary options traders. In order to be successful trading long-term binary options, you have to avoid the temptation to scale more quickly than you have the trading ability and the discipline to do.

As most binary options traders know, what you’re gonna end up doing is just repeatedly blowing your account, blowing your account, blowing your account. And that’s no way to make money trading anything really. The moral of the story is slow and steady wins the race in binary options trading.

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And guys, we would love to invite you to join our community of binary options traders that meet three times a day. We have two basic sessions, one premium session. We would love to have you trading live with us every day in the trading room. Guys, you can get our premium membership absolutely free. Instructions are in the description below. You can also get our indicators, which are what we utilize to win 95-plus percent of our trading cycles, or you can just join us in any of our sessions. Click the link of the description, and we will see you in the trading room.