Binary Options Trading Knowledge - Mistakes you should avoid

[Phú Ng]

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.

 

[Phú Ng]

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.

 

[Jussar]

Thank you for the information Phú Ng, I think that Binary Options are less risky than Forex, but still not the safest way to trade, so can you tell us about the trading risks with Binary Options?

 

[johndz]

Excellent tips, I started bieng very impatient, I wanted the see fast results tu assure I was not scammed.
Nice thread

 

[Pharaoh]

Before putting one cent with a binary options broker, you should read this very carefully:

https://www.forexpeacearmy.com/fore...raud-advisory-alert-about-binary-options.html

 

[LoRio]

Binary Options appear to be easier due to the fact you need less clicks.
BUT , the risk of your money never being withdrawn dwarfs such risk if you register with a forex broker.