I have been reading (and hopefully learning) about binary options for about 6-8 months.
First i wanted to make sure it wasn't a scam. Too many slick productions lead me to belive it was.
Then i found verious forums and learned in a field with many scammers there are still SOME reputable brokers out there.
So i bite the bullet and opened a demo account with 24Option.
They appointed me with an account manager and he started to teach me basics.
I use Netdania for charts (free).
Started with Bollinger Bands then RSI.
He mentioned MACD but i never got my head around it.
Anyway, I traded the lowest amount and started to get consistent £150 to £220 return per day (Demo Account).
I was taught to use the Martingale Strategy.
That Account Manager left and i was assigned another.
I have now made around 120 trades with my live account. And have a success rate of 52%.
I know we don't like to admit it but emotions come into it and Live accounts are not the same as Demo.
Plus i was a bit more aggressive with my Live account.
Im here to ask. What would a realistic success rate be? I think 65-70%. To make a healthy profit.
I understood that i most likely would loose a bit of money. But gain lots of experience. Thats why i traded my live account.
Would you trade 60 sec or 5 mins?
I want to move to 5min but need to look at a few good strategys
Any help would be greatly appreciated.