Where can I learn binary options

[Nomer Smith]

I had actually visited and read every page of your thread Binary Options Regulated and Scam Brokers. I was really "drawn deep" by the interactions. Some points were quite unclear to me (my fault), but on the overall I did learn a lot. I'm looking forward to the other threads. I'm sure they can offer me substantial information about forex, binary option and risk management. Thanks v much.

 

[Xandra123]

My personal advice is do not go with Binary Options, still if you interested in binary options then here are few resources..........

How to Trade Binary Options | Financial Trading School

How to Understand Binary Options: 6 Steps (with Pictures)

Hi. I've opened both links and found the first link interesting. I think this can help me get on with a methodical trading. I don't like to gamble. I want to trade with a real purpose that's why I'm here. Thanks!!

 

[Nomer Smith]

"4. Bucket shops can be enormously profitable, but if enough people manage to become profitable, they can and do go out of business. Physical casinos have long experience in calculations of this sort and very very rarely go out of business. Trading bucketshops have a bad habit of disappearing with all client money, especially if clients do unexpectedly well."

To me, it wouldn't matter if binary option trading platforms or brokers become bucket shops as long as they play a fair game, pay traders returns and release traders' funds. I really hope to find one that I can trust with my investment.

Hey Chan Ming, it should matter when trading platforms become bucket shops. Wanna know why? It's because many of them have the habit of packing up and go away with traders' money when traders become profitable long enough. You should choose a broker that has been in the business long enough to ensure that it is stable enough to sustain its own operations.

 

[Nomer Smith]

Trading experience comes after learning Forex and applying what you learn in practical(demo then live).
Don't be mislead on this. Experience in business as in life makes you grow much to succeed and give you the step forward ahead of others, ofcourse only if you know how to learn from your errors and continue the journey to unstoppable path of success.

Hey, I've been reading this thread over and over but I just noticed that this is a great tip. Thank you very much. I appreciate this.

 

[Xandra123]

True. The worst that's happening, newbies are entering the Binary Option Trading without having any idea about Forex market trading.
Newbies of Forex are not succeeding in the Forex market, how will newbies of BO do?? Pure Gambling

I'm actually taking notes on Forex trading (I took it from anther thread) although I'm making binary options the end-target of my investment. I was right all along. Having Forex trading knowledge really helps traders to gain knowledge that would be useful in binary options.

 

[Xandra123]

I agree. It is the reason why it is not advisable to aspire for big bucks especially on platforms we're not sure about. We know what we can possibly lose.

Every wants to aspire for the big bucks but we need to be realistic here. We can't find money in just any trading platform as some of those are certainly scam. Binary options trading involves the use of effective analysis techniques that a trader needs to master and it takes time. We should learn overcome greed to preserve our investment.

 

[forex-Dean]

Every wants to aspire for the big bucks but we need to be realistic here. We can't find money in just any trading platform as some of those are certainly scam. Binary options trading involves the use of effective analysis techniques that a trader needs to master and it takes time. We should learn overcome greed to preserve our investment.

And it should start by choosing a binary options trading platform that doesn't suck...

 

[Chan Ming]

Greed can drag anyone's capital investment down to even greater risks. Nobody can get rich overnight with binary options, but anyone can become impoverished overnight with it.

 

[Chan Ming]

Hey Chan Ming, it should matter when trading platforms become bucket shops. Wanna know why? It's because many of them have the habit of packing up and go away with traders' money when traders become profitable long enough. You should choose a broker that has been in the business long enough to ensure that it is stable enough to sustain its own operations.

Hi. Glad to be back in Hong Kong. I agree. The length of time a broker has been in the business can be a measure of its stability, but only a certificate of audit from a reputable auditing body can prove its liquidity and sound funding.

 

[Xandra123]

Hey. How about a certificate of registration from a regulatory body? Isn't that the best proof of a broker's liquidity?