My opinions…
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The more the better (Risk Management and your frame of mind: The 5% rule) Nadex requires $250 to open a new account now. It used to be $100.
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Yes, demo does has some anomalies some times. Don’t rely on those to tell you if you’re “getting” it or not
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Learn how and when to trade both. It sounds like you’re only taking deep in the money trades on binaries and, I would guess, losing on the spreads because of not knowing the right ones to pick or why.
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Again, there is a time for using all of those strategies.
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You’ll want to know multiple strategies. The tools and strategies are like the clubs and tools you carry in your golf bag. There is not a single club that can or should be used on every hit. Just as there isn’t a single strategy that can or should be used for every trade. It takes time and practice to know which tools and strategies to use when.
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You can look at this in two ways. First, any profit is good. Second, I could have made more. You have to get over the second one. We’re not trying squeeze every last penny out of a trade. Take what the market gives you. Some times it’s generous, some times not so generous, and some times it takes back. Trade to make good trades, not to make money. The money will come with good trades.
There is tons of information here. Start under the Elite Education menu item and pick a system that interests you. I prefer SEES or I Zone Sharpshooter (IZSS), but there are others depending on what you’re doing (I wouldn’t jump into the 5-minute binaries right off). Go over and over the videos and the setups. There is a lot of supplemental material in the forum, much of it made after the initial videos were put out that incorporates lessons learned and new insights. You’ll find a section for each system in the forum.
Look in the “You can do this and why you should” forum section and see what other people are doing, ask them questions if you don’t understand why they took a trade (whether they won or lost).
Post your marked up charts in the forum for feedback. You’ll learn a TON that way.
If you didn’t get a chance to watch it, this webinar by our own John Skelton, may help you figure some things out: Top Mistakes Binary Option Traders Make
Hope that helps. Don’t give up, and keep asking questions.
