Hi guys, this is Imba Trader and today I’m going to show the strategy how to make money by participating in binary options tournaments. So what I like about them is that in order to make money, you need to be either in top 15 or top 30 traders in that tournament. In this case, the participation cost is really low – $2, but the minimum requirement to get profit is to get the top 15. So it took me several hours within a couple of days to record all the trades. So I am going to speed of the moments where I watch the market or wait for the trade expiration. Our first stake won. We made 344 out of 200 and spend only four dollars to get that initial tournament deposit.
By the way, for those who think that binary options is not the place where you can earn money, this is my latest payout that I received from the broker. As you can see, these are all 50s. So just think yourself how to proceed or not. I’m going to raise my stake to 344 and continue. Let’s see how it works out. So as I mentioned earlier, the original video is more than two hours long.
That’s why I edited it and speed up the boring part. So I still hope you’re going to enjoy it. The profits in this tournament are pretty low, around 1000 bucks for the first place, but the cost of participation as low as well – only two dollars. So there are some of them where you pay 20 bucks for the participation, but the price is also high like $10,000 for the first place and $1000 for the 30th. Alright so, we lost this stake and need to start from the beginning. I’m going to pay another two dollars to get 100 of the tournament dollars. We’ll pay another two dollars to get 100 more right away. So I’ll double my initial deposit. By the way, they allow to do it only once, otherwise it would be – of course it would be great to have the higher initial deposit.
I see some big spike here that is continuing, so there is a breach of the Bollinger bands. The stochastic indicator shows oversold conditions. I think it should be a good moment to proceed with the put stake. Yes, probably this is what I’m going to do and hope it’s going to work out well for us. Let’s see, and I’m going to fast-forward. All right, my prediction was true. I’m going to watch the market for another opportunity and I’m going to speed up the video so you don’t watch all these boring parts. I’m going to get it back only once the interesting moment comes. So this looks like a good chance to win a call stake. There is a breach of the lower Bollinger band and the big burst that’s happening right away.
I’ll go all in for the call stake and see how it works. Unfortunately, I had to give it a little bit more time. In this case, you wait to check if it continues the downwards movement and make a two-minute stake instead of one minute. So it’s just for the future reference. I’m going to start from the beginning once again, investing another four dollars and proceeding with the $200 2 minutes call stake ladies and gentlemen. I hope it’s going to work out this time better than the previous one. Let’s see. Alright, this is a win apparently. At the last moment, the price went so sharply down. So we were lucky it ended just a second ago. I’ll speed it up in a bit. All right, this looks like another good opportunity. The price is going straight up for some time. It needs to change its direction eventually. I’m pretty confident in that. I’ll proceed with the three minutes put stake. Three, two and one, it looks like my prediction was true. So I’m going to continue looking for another great set up that’s going to bring us tons of money ladies and gentlemen.
I do see some big downwards movement happening right away. In this case, I won’t wait for the reversal, but what I’m going to do, I’m going to follow these micro trends and we’ll go all in for the price drop. Another win. Let’s search for a new good opportunity, and hopefully, I won’t have to risk the whole deposit in my future stakes. There is one trick I use when I’m not completely sure about the trade. I go for a one dollar stake to check it. This is exactly what I’m going to do now and see if my idea works out. All right perfect, so our test trade won. Of course I wish I invested more in it. I’m going to pause here and I will continue a bit later ladies and gentlemen. See you. All right, starting my new trading sessions. Just like I did before going for the one dollar trades is a nice opportunity to get more experienced and to check your strategy.
It really helps me to check some trade setups and stay with my money at the same time. So I usually start my trading day with such trades before I go for the bigger ones. So that’s why I’m going to do this same one right now, one dollar test trades for five minutes and I’ll see if it’s going to work out or not. All right, this looks like a great set up for the real trade.
So since we might multiply our initial deposit by five already, I follow more cautiously and we’ll proceed with the $500 stake. It looks like both of my trades won the test trade and the real trade. Right now I’m at the $1400 level and on the 25th position. I need to get to top 15 in order to be profitable in this tournament. So this is where you don’t want to lose all your deposit and start from the beginning because it’s going to be too much work to do. That’s why I’ll be more cautious with my decisions. This is the way you need to follow in your real life trading. Don’t over trade and to try to stick to trades which are not more than 5% of your deposit. This way, you will be profitable in the long term.
This looks like a nice set up. I’m going to proceed with the two minutes put stake for the direction change since the price went really high up. Yeah, I do think that it’s going to work out and hopefully it does. Of course it’s not 5% of my deposit, but this is the tournament account and I invested only four dollars in this trade. That’s so I’m going to risk on the amount that is less than two bucks. $616 profit and I am at the $2000 level. This is a questionable set up and I’ll probably go with only one dollar test trade and see. Another one dollar test trade to check if it works out. And even one more one dollar test trade, I’m going to see if my strategy works or it doesn’t. So two out of three trades lost. That’s why they were questionable and that’s why didn’t put some big amounts towards them.
So all my tests just confirmed, so this is it. My third trade lost as well, so good job not trading then. It’s a really good job ladies and gentlemen. I saved my ass. So this looks like some really nice set up. That’s why I’m going to proceed with the $500 stake. This was a really good prediction. Another victory and we are at $2400 level and at 14th place in the tournament. It means that we are already in the positive profit. So moneywise, it’s not much, only $75, but we invested only $6. This is more than 1000% profit. So I’m going to pause here and continue later. Bye. So this looks like an amazing set up which you simply can’t miss. The stochastic indicator shows the oversold conditions. CCI shows that trend is going to end shortly and Bollinger bands indicate that it is breached for the third time. So I’m going for a four minutes cold stake. I’m not even going to feel guilty to go all in here.
So let’s see if it works out ladies and gentlemen. I put all my money towards it. So this should be a victory. So my forecast was true. We raised the bar to the $4300 level. Great job. I’m going to pause for a while and I will get back in a couple hours guys. I’ll see you in a bit. I turned on my computer and I noticed this really nice set up, and I started the video recording right away. It looks really great, 500 for three minutes. Stochastic indicates the oversold conditions. CCI shows the trend changes the direction. So we should be good here. Another victory. We won $400 and we are at the 10th position out of winning top 15. So I am going to pause again and I will get back to trading in a bit, maybe couple hours. Okay this looks like another great set up. I do have two indicators confirming it. I’m going to proceed with the non-big, not small, but $1000 put stake.
I hope it’s going to bring me a victory. Perfect. This looks like another victory and we are at the $5600 level. I’m going to fast-forward and we’ll look for another great opportunity to win. I’m going to put another $1000 bucks for the price drop for two minutes, and let’s see how it goes. I do have big hopes for this. Okay this didn’t quite work out as expected, so I’m going to apply the martingale strategy and I will multiply my stake by two and proceed with the $2000 put stake.
So in this case, if I win, I’m going to return the money that I lost in the previous stake and I’m going to even make some profit on top of that. So let’s see. This is a victory. So we return the money that was lost in the previous stake, and even made some additional $700 profit. How about that? Okay this looks like a decent direction change. So I’m going to follow this micro trend and I will put $1000 towards the price drop. All right this is perfect. Another win. I’m at the $7100 level and I’m at the eighth position of the binary options tournament. So the eighth place means that I made $281 profit and I invested only $6. It is the cost of one meal or 3 cups of coffee depending on where you live. So I think it’s definitely worth trying. So subscribe to my YouTube channel and try demo trading.
I will see you later. Bye guys. .
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