---
title: 'CHARTS ALONE MISS THE POINT ! Binary Options Education ! Binary Options Risk Management'
source: 'https://youtube.com/watch?v=Ix3bKbPMWMI'
video_id: 'Ix3bKbPMWMI'
date: 2026-08-03
duration_sec: 697
---

# CHARTS ALONE MISS THE POINT ! Binary Options Education ! Binary Options Risk Management

> Source: [CHARTS ALONE MISS THE POINT ! Binary Options Education ! Binary Options Risk Management](https://youtube.com/watch?v=Ix3bKbPMWMI)

## Summary

In this video, Alex discusses the importance of habits, preparation, and risk management in trading, emphasizing that chart patterns alone are insufficient for success. He highlights the need for daily learning, using economic calendars, and maintaining a trading journal, and warns against trading around major news events.

### Key Points

- **Introduction to Trading Habits** [00:05] — Alex introduces the topic of habits that can lead to success or become handicaps in trading.
- **Charts Alone Are Not Enough** [00:36] — Many traders believe that spotting patterns like shoulders, rectangles, triangles, and hammers is the key to success, but Alex argues that these patterns don't always work and can mislead traders.
- **Daily Routine and Preparation** [01:17] — Trading is a professional profession that requires daily learning, practicing, and preparing for trading sessions. Analyzing the market and staying informed about economic conditions are crucial.
- **Using Economic Calendar** [02:09] — Alex recommends using investing.com's economic calendar to stay informed about the global economic state, as trades are influenced by country politics and economic events.
- **Avoid Trading Around News** [02:51] — Do not trade before or after important news releases. Specifically, avoid trading currency pairs with three-star news events, as they can cause high volatility.
- **Risk Management Importance** [03:32] — Proper risk management is essential. Without it, there is no room in the trading world. Position sizing and diversification are key to protecting your capital.
- **Consistent Trading Discipline** [04:13] — Have a trading plan, set an initial balance that you won't go below, and stick to a limited number of trades per session (e.g., 10). Avoid haphazardly picking currency pairs.
- **Continuous Learning** [05:36] — Updating your knowledge and information is vital. Use any available sources to stay informed and prepared for trading sessions.
- **Patience and Practice** [06:31] — Patiently practice, possibly on demo accounts with fake money, until you are ready. Success comes with time and consistent effort.
- **Keeping a Trading Journal** [08:09] — Maintain a journal to track your trades, including amounts, wins/losses, and reasons. This helps you learn from mistakes and analyze patterns.
- **Analyzing Your Journal** [09:44] — Use your journal to calculate percentages of your balance at risk. For example, if you have $100 and bet $50, you're risking 50% of your balance, which is not advisable.
- **Embrace Information and Learning** [10:09] — Don't be afraid of information or knowledge. Analyze losses to understand reasons and make adjustments to build confidence.

### Conclusion

Success in trading comes from consistent preparation, risk management, and continuous learning. By adopting these habits, you can improve your chances of profitability.

## Transcript

Alex, and today we are not really going to be trading. Today, I'm having a talk going to be talking about some habits that may lead you to success, and some of them may really become a handicap on your journey. So,
forget to join my Telegram private group cuz it is very much important for you as well. Do not forget about it, and let's just go.
Many of them, they just think that watching the graphs and the market the market, I mean, that that that's all. That is the key to success, and they they think that if they locate any patterns, which
shoulders, the rectangles, the triangles, some hammers, they solve the case. They they they just profiting it. They earn it. It's not really working in that way. Indeed, some of these patterns
working, not complaining or not denying about it, but not always, you know. It's not always depending on it. This type of information can mislead you cuz that will be a disaster, and that will lead you to a failure. What is important in
trading? Your I mean, routine on a Let me just day by day, you just earning. You just not earning, but just you you learning on a day daily basis. You practicing on a daily basis day daily basis. You
preparing for the trading session. It is a professional profession that you should be preparing for. You should be analyzing it. You should be analyzing the market. And I I will show you a website
where you are able to analyze and research and just, you know, watch the economical state just in the world cuz most of the trade trades I don't really I mean, it's not that
important on which on what you're trading on cuz all of them they are country, a politics, a president, I don't know. It's just all being influenced by. So, do not forget
about it. As I said earlier, I would like to show you a website right there. And hopefully it will help help you to go through that. So, investing.com economic calendar right here we can see
economic calendar right here we can see a lot of information about just economical state of the whole world. So, the volumes of the sales and everything for assets and the
do not just underestimate this type of sources that you may be using in order to you know, achieve success in trading. As I've said earlier, it's not about just watching the graph and just giving a guess. No.
You are preparing for this thing. And as well as what I'm willing to add guys well as what I'm willing to add guys right here that you do not trade between or after any important news. And the important thing that I want to
add here that we should not be trading on three stars connected right here. I mean, it's of course based on the asset that you're trading with. So, if you depend on the currency pair that you're trading with. So, if you see any three
just leaving that currency pair. You're not trading with it. And this is very mind as well. So, what I want to talk about is you know, risk management that you should be able to manage your risks. So,
if you are not managing it, then there is no room for you in the trading world, It's very much important, you know, you know, to properly size your trading and
diversifying the your trades. I mean, this is important. When you are having a large amount of money and you trading without understanding the risk of losing that. This is the moment when you start losing this funds. So, and honestly, I'm
I'm really interested on what risk management rules you're using while you're trading. So, if there are some of you that really using several of it, so comments. It's going to be really much
maybe I will able to learn something new from you as well. I mean, I'm expecting that honestly. So, one of the risk management things is consistent trading discipline. So, once you're trading, you should be
having a plan. You should be having a initial balance that you could not get below that, you know? The percentages of the payouts you paying a lot of attention to that once you trading. You just always trading on
currency pair. All right, I'm not telling you to just stuck on them, but already learned a lot about this currency pairs that you trading still on practicing and you're learning you have some news about this currencies, about
this countries. Not Not an important, but I'm not other currency pairs. Maybe there's something that is a lot more profitable you planning it and before you having some discipline in the trading. You
haphazardly picking any currency pair and just, you know, trading on it. And at the same time do not go with just, I don't know, like 20 or 30 trades in a That is so yeah, you know, foolish. That is so
foolish. So, just keep for instance 10 trades in a single trading session and it does not really mean that you should be having several trading sessions might be having two trading sessions, one in early in the morning and another
one. You keeping that limit inside your head and you implementing this limits into your tradings and into your trades. There is a one saying, you know, once you leave a century, you'll learn a century. So, it is very much important
for you. I know I might be like repeating myself over and over, but indeed, I'm talking with the fact. Updating the knowledge, updating the information that you're having is very useful for you. And in some cases, that
might be vital thing in your trading session, you know. I don't know, use any source that you are having access to. Use anything that you're willing to use in order to receive the information. I'm not telling
that you should be a nerd just sitting 24/7 in front of the laptop or just over and everything. No. You just, you know, preparing if you are going to trade, you should be preparing for that trading session. And the
preparation is updating your information, learning, practicing, the monitoring the charts, of course, monitoring the news. The second thing, guys, that I want to talk about is patience and the practice. Just
patiently practicing. You know, I don't know any trader who just started making sessions and everything. No. Of course, if you're not having any
can call it like this, it's going to be a lot more harder for you to start it, but anyway, once you're learning, as I mentioned daily basis, and I'm not telling you that you should be practicing with, I
dollars. No. You just, you can be practicing on on on like demos. So, there are the websites that are giving you the the the the demo money, you know, the fake money that you can trade with. Reading the
it and just practicing and patiently just waiting for your turn. If you keep doing that, I I I just promise you, your turn will come. Don't forget about it. Just the patience and the practice. Always. It always works out.
>> And of course, I know it might be like a lot of time consuming and it might be and I'm not talking about the trade trading is for all the people in the planet Earth, but if you just can get over these times, just guaranteed you
will be successful. All right, you will be. If you can fight inner you, so you don't want to read again, you don't want to analyze it, you kind of bored and everything. If you can fight it and
going to work for you. Another thing, guys, keeping a trading journal. You know, even now I'm keeping it. I'm journal. I'm not having a notebook where I'm just
just having it on my laptop and I'm just indicating the trades very important and necessary for you to keep that You know, you're just indicating the amount of the trade, your initial
the trade that you did, win or lose, why You're learning from your mistakes. You might be having some matching mistakes and if you indeed have them, that is best thing for you, you know.
Then you understand some patterns, some you know, some matches right there. You might be having some discrepancies as well, not denying that. But once you're having that journal, just trust me, you're going to be like
one head above of all the traders. This is a game changer, I would say. Not a lot of traders just mentioning that, but I mean, why wouldn't I? I'm trying to help
trying to guide you through. So, just keep one. Keep the track of your trades as well as you will be able to keep the tracks of the of the profits that you did, and of the
loss that you had. Unfortunately, you will be having them. Then it is easy for you to calculate the money that you have and it is easy for you to analyze the percentages percentage of the money that
you are trading with. For instance, if you are an initial balance of 100 and you keep just betting 50, it means the 50% of your balance is always being used and it is always under the risk of losing it. So, it is not good, right?
So, you should be just analyzing you analyzing the market, you making your keeping the track on the journal journal after that you just analyzing your journal. You know, it's always about analyzing. So,
don't be afraid of the information, don't be afraid of the you know, knowledge and everything. That's all right, right? Just just have fun with it. Just have fun with it. To achieve that goal and if you losing some
analyzing of course I mean the market is not disappearing it's able to just analyze it once more and to understand what was the main reason due to which you lost the money and you are several steps tiny adjustments will make
you uh will will build some confidence in the you. Yeah, will lead you to successful trading journey and as well as I told you like I was telling you in started like trading I had no one to teach me to help me or something like
this. I was just learning by like learning the information and getting the practicing on a daily basis. I've been practicing with $10 with high dollars it does not really matter. And right now here
much important but you are having me I'm the guy who is ready to help you without asking any money. These tips will help you definitely. Do not forget about them.
Thank you for watching. Leave a like. I'm wishing you all the profits in the world. I'm wishing you all the best in the planet Earth. Just go get your Do forget to subscribe to Telegram channel.
channel as well. So, channel as well. So, goodbye.