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Information site about the best binary options brokers › Forums › Risk management in binary trading › How to protect yourself in binary options trading?
Hey guys! How do you manage your risks when trading binary options? What percentage of your deposit do you put into one trade, and what do you do to avoid blowing your account during a losing streak? If you’ve got any personal examples, feel free to share!
Hey guys! I usually don’t risk more than 2-3% of my deposit on one trade to avoid big losses. If I hit a losing streak, I immediately cut down the trade size or take a break so I don’t blow my whole account. The key is not to panic and not try to win it all back at once. I had a time when I lost 5 trades in a row, but since I kept the trade sizes small, I managed to bounce back and recover my balance. So yeah, discipline and risk management are everything!
Hey! When I trade binaries, I usually risk no more than 1-2% of my deposit per trade. This helps avoid big losses if I hit a losing streak. If I see losses piling up, I take a break and figure out where I messed up. The main thing is not to try to win it all back immediately and not to panic. Having a daily loss limit also helps to avoid blowing the whole account in one go. From my experience, keeping a cool head and managing risks really saves you, even when things are going wrong.
I stick to the 1-2% rule per trade and always use stop-losses to minimize risks during losing streaks.
The Quotex platform has a very convenient interface. The Quotex platform is not bad in terms of performance, it is fast, orders are triggered quickly. I have not noticed any manipulations on the part of the broker. So it is possible to trade here.
I really like the advanced modern BO broker Quotex. On the platform you can view the trading history and analyze your actions. Everything is created for convenience and successful trading. I am very glad that a trader I know introduced me to Quotex. There is a huge number of tools here, and withdrawal of funds is almost instantaneous. On the downside, there is a long verification process. I recommend this broker to traders interested in binary options.
My cooperation with Quotex broker has been going on for more than two years. The company was super, and has remained so both in terms of service and withdrawal of money. Managers have never interfered with trading, if there are any updates, they inform you in advance. Withdrawal of money is fast. I recommend Quotex.
