Adolf Bailey Enjoys First Week of Trading
Today, we are going to share success story of Adolf Bailey, who managed to increase his account balance from $7,000 to $ 9,313 within a period of just one week.
“Having 32% increase in the initial investment doesn’t come easy. If you really wish to be successful in binary options trading, you must be ready to face the uncertain market conditions, because you can secure reasonable returns only when you are prepared to tackle the unusual market behavior.”
Bailey decided to invest only in currency pairs. 50 percent of his trades were in EUR/USD and AUD/USD alone. There were a total of 50 trades with only 13 lost trades. His consistent trading approach proved to be quite a success for him as he was able to earn handsome profits on his investment.
Despite having ample experience in the currency market, Bailey decided to go for the medium risk approach after consulting with our trading experts, because he is relatively new in the binary options market. It is the right set of strategies he selected in his trading account that allowed him to have a payout between $155.01 and $543.01 on a trade size that ranged between $100 and $300 respectively. Most of the trades in his portfolio provided result in just 60 seconds from the time they were executed.
I believe it is all about determining the risk and choosing the strategy accordingly, because when you invest your money in the market, you have to be aware of the amount of risk your investment is exposed to, in order for you to be able to carefully select your strategy after analyzing the market trends. I feel that you can make healthy profits if you understand a relationship between defining a risk and selecting a strategy as it automatically brings consistency in your trading behavior.
Bailey currently plans to stick to medium risk profile, because he believes that his moderate trading approach is another factor that enabled him to get 84 percent trading result in such a short period of time.