Traders in South Africa can bet with flexible trading amounts on IQ Option. If you’re on a constrained budget, you can bet for as low as $1. If you’re willing to take more risks and are more experienced in this type of trading, you can bet a lot more. The sky is the limit!
But of course, there are high risks associated with binary options trading. It’s all or nothing. This means that you have to be careful about your position size. Position size is how much you invest into a single trade. This amount shouldn’t be chosen randomly. It’s also not a good idea to choose your position size based on how successful you think a particular trade is going to be for you.
Instead, you should use a formula every time. Experienced South African traders will never risk more than 5 percent of their total trading capital on a single bet. Those who trade on the binary options market professionally, typically never bet more than 1 percent of their capital.
If you’re starting with a $1,000 account, try to bet no more than 1 percent or 2 percent ($10 to $20) on each trade. Keep 5 percent ($50) at the maximum risk, although you should never bet all of it on one trade. When you begin trading, you want to make as much money as you can and as fast as you can. But risking too much of your capital is not the way to do it. binary options trading is a gamble, although an educated gamble. If you haven’t already tested methods and a trading method that you’ve practised, it’s not a good idea to trade more than you can handle.