The key to successful binary options trading is to control risk. Never risk more than 1% of your account.
You should never break this rule and think: “That’s a great looking setup. I’m going to risk 5%.”
The big problem is once you start breaking this rule, you will probably continue breaking it.
Next time it will be: “I lost 5% on my last trade, but this one can make up for it, if I invest 10%."
See how quickly this can blow your account?
Always risk the same percentage. As your trading account grows, the dollar amount will grow with it, but the percentage must stay the same.