Why should it make any difference whether you're spread betting or trading binary options? In either case, you're just trying to predict which way the market is about to move...

Is divergence trading an effective approach?

Of course, but how would you recommend going about learning the mechanics of it?

Is divergence trading an effective approach?

You'll have to place your oders in multiples of the number of take profit levels you want. I think what you mean by breakeven is thst once in profit, you may move your stoploss up to a level where if triggered, your loss is zero.

How does Break-Even work?

Only if you have an infinitely large account

Does the martingale system really work?

Over confidence and impatience are large players in the failure of beginners.

Why do Newbies Lose?

I've found it to be an effective approach, particularly when used in conjunction with other reversal signals, such as doji candlesticks. However, it does seem that divergences are more reliable with certain pairs than others.

Is divergence trading an effective approach?