I'm just about to dive into binary trading, as I've run through a few course, feel I have a good understanding, and have sat in on a few very successful live traders sessions too. So I feel i'm ready!
I'm planning to start with $350 and my target is to achieve a $25 profit daily on average until I reach $1000. (in THEORY after 20 trading days). I'm going to focus on FX.
I'm looking at using a ballinger bands based strategy, taking into account stochastic over buying/selling signals, as well as pin candles as an added confirmation signal. I will be using $5 trades until I reach $1000 account size, when I will increase to $10 trades. I'm going to be aiming for a 73%-75% success rate, and I have time to trade at different times of the day as I work from home, and have alredy set up a duel monitor set-up so i can be monitoring the charts most of the day, whils keeping my tading account open in a window too.
Does this all sound realistic/ achievable? Any folks with more expeerience who can also shre any tips too? Any advice appreciated!