Trade those binary options

I have gotten lots of letters of the past few months of people asking me many various questions about binary options trading. It becomes increasingly obvious who is contacting me with experience trading binary options, and who is contacting me with no experience trading binary options whatsoever. To those who have highly technical questions because they obviously trade, I saw keep asking and keep trading. But for those of you who are sending me questions and it is obvious you have no experience, I recommend you open an account with the minimum amount required and start trading. Once you have a chance to see binary trading in action, you’ll understand the options much better and you’ll also be able to ask more focused questions, rather than just broadcast that you have no clue.

Brain Activity of a Binary Options Trader

The trading of gold binary options

There has been much ado about gold these past few weeks. Lots of speculators have said that it is in a

Trade binary options till the break of dawn.

bubble and going to burst soon, while others say it still in high-demand and short-supply to the extent that the market will keep climbing. It is impossible to know who is correct, only time will tell. In addition, many aspects to the calculation of binary options is how it will respond in the next 15 to 30 minutes, not so much it’s long term performance. My advice to those trading binary options including gold, just keep an eye on it and if you see a definitive cliff in the graphs, back off until it levels out, or simply ride that downward tumble and trade in binary options that reinforce such activity. Good luck!

Top Ten Binary Options Trader Mistakes:

I have written some posts online about tips and advice for binary options traders. But the truth is that

Profit is like light, at the end of the tunnel

there are many ways to make money by trading binary options, however, the key is to not make a few mistakes that are common for begninners. By just avoiding these mistakes, you will be a much more successful binary options trader:

 

1. Avoid trading on gut feeling. If you have a “gut feeling” that a stock or other asset is going to do something, despite the data saying otherwise, then don’t act on it. Gut feelings are not the way to make money in the binary options trading business.
2. Avoid trading over the weekends and other down-times till you have really learned how to trade very well. It is possible to make steep profits of up to 250% over the weekends, but you really must know what you are doing. So leave this option available to you till you are ready to trade it.
3. Don’t try to increase your profit by increasing risks: If you can close an option early for a known profit, it is better than holding off till closing time for a bigger profit, but risking the potential for loosing the full amount invested.
4. Don’t trade based on feeling lucky, because of other, unconnected aspects of your life appear to going your way. These events aren’t connected, but to a beginner that might not seem obvious.
5. Never hedge your position: If you buy a binary option and it begins to slide NOT in the direction you would want, then just ride it out. Don’t buy a binary option of the opposite to hedge your losses.The reason is that it won’t be the same trade, the market might correct, and also because your gain of 85% will have cost you 115% or more when you hedge. So avoid doing that.
6. If you are ahead, quit, if you are behind, quit: You should only trade binary options because of your interpretation of the data. A common beginners mistake that often occurs is that the binary options trader will get ahead by a few dozen percentage point, and will get cocky in his trading and make mistakes to wipe out that gain. Alternatively, if you made some losses, and are way behind your starting point, then aggressively trading even more is not your solution.
7. 1 if by hand, 2 if by seeing: Make the smaller bets with your own hand, such as $10 or so trades. This will help you understand the fundamentals of binary trading better. To trade larger amounts, you should either find another binary trader that can show you how s/he does it, or check out on binary options trading on youtube and see how the pro’s do it.
8. No Plans Survives first contact with binary trading platform: I have met many binary options traders who have grandiose plans on how they will corner the market and make their millions trading binary options. The problem is that their plans are based on reading, research, and optimism, rather than on actual market behavior. So forget the plan till after you have some experience what it means to trade binary options.
9. Takes money to make money: We’ve all heard this adage and it holds true even for binary options traders, although an “investment” is not required to make money on binary options, you can actually probably make more in the long run if you start a trading account with like$200 or so and use that to learn how to trade better as a concept. Or you might realize after $200 that binary options aren’t for you and don’t invest further. This is a better situation than depositing thousands of dollars before you know what you are doing.
10. Have Fun:  The goal of binary options trading is to make money so that you don’t have to work, or to at least supplement your income. These are still true, but to be able to sit there for hours and trade, it is important that it is fun for you. Binary options are fun when you are making money and predicting with accuracy. So learning how to do that not only makes you more money, but you’ll have more fun trading, and that is much more important for the long run.

Yes or No: The essence of binary options trading

The answer to your earlier question.

A binary options is basically asking you to decide a yes/no type of question. Such as will the market go up, will the market go down. By knowing the answer to this question accurately, you can make significant gains by trading binary options. While their is actual thinking and difficulty in accurately predicting the market, it is far easier than some other systems out there such as day-trading and forex-trading. The main goal with all investment vehicles is to make gains while limiting risk. Binary options help you cater your trades more specifically to that end and thereby enable lower risk and greater profits.  But don’t think that just because you read this article you are now ready to make your millions trading binary options. You first need to familiarize yourself with the system and understand the volatility of the market. The best recommendations

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I’ve heard is to simply open a binary options trading account, and then practice trading small $10 amounts. Once you have mastered the process of making $10 into $18, you can repeat the same concept for hundreds of dollars per trade once you’ve mastered the entire trading process.

The main goal to keep in mind is to have fun and keep making a profit. It is better to make a certain small gain than to risk alot for a large gain. And never EVER trade in order to try and make up earlier losses. There is no logical reasons that will ever work, so stop doing it.

Yes or No: The essence of binary options trading