The appeal of Binary Options is foremost in knowing the payout prior to purchasing the contract and its incredibly short contract durations. BO should be approached with focus and well tested strategy. Many already have good strategies in their hands especially those coming from Forex trading . What you and many others before you failed to realize is that you shouldn't chase target profit in BO. You should chase consistent Wins. Target profit will have you hopping from strategy to strategy. But consistent wins should keep you on a steady profit. If in 5 trades you are winning 3 or 2 with a strategy in BO, I will say this is a good strategy so long as it can consistently win 2 in 5 trades. How you turn the 2 into a profit is where your risk and money management comes in. The dread of BO is in the uncertain of outcome, but if you can be certain of atleast 2 out of 5, you should be profitable so long as you are able to adjust the other components of your trade plan to incorporate the eventuality of 3 losses.