Binary Options Trading Knowledge - Mistakes you should avoid

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Hello guys,

Im a believer of BINARY OPTIONS. Having been trading 4 years so far, getting big lost in the past like everyone too, I realize some valuable things to be a successful BINARY OPTIONS TRADERS. I want to share here :

1. Dont trade blindly - You better remember this and put it on the top in your mind. NEVER TRADE when you can't realize the trend & direction, unless you want to burn your balance.

2. Money Managerment - Very important. Keep Your Fund is always more important than Take Your Chances. Chances are always around you. So that, do not try to risk all in just one or two trade. Better, around 2.5% - 5% per order is greatest.

3. Be patient - Yeah, its the key of success. If you can not wait until everything goes clear and the thing you trade forms a trend, you will be blind. For example, when you see the EURUSD is in a consolidation, then SHOULD NOT TRADE IT. Just when it gets out of the ledge then you should enter in the market.

 

Very Good Tips Thanks for share this

 

Patience is something I learnt only after losing my money. In

my early days of trading forex, I was misled into believing that it was

possible for me to earn while I was learning.

 

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For you to become successful in binary option as a beginner you need to trade wisely and avoid relying on your broker 100%. It is important to avoid trading without a plan ,because trading without a plan is like trading blindly and that will not yield good result. As a trader you should always keep your emotions on check, dont let it cloud your judgement while trading. It is normal to make mistakes as a beginner ,but for you to be a winner you need to take mistakes and learn from it instead of quitting or giving up.

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