You will find different platforms offering you different payouts
anywhere between %60 and %81 when your price prediction is correct and a
payout of %0-%15 if your price prediction is incorrect. If you compare
two leading companies, Any Option and Cedar Finance you will find that Cedar Finance
will offer you %75-%80 /%0 while Any Option will offer you %70/%15
therefore with Any Option you would get %5-%10 more on your investment
over time, even though it might appear as if you are getting a higher
payout with a company that will pay you more if your prediction is
correct. The point is that you have to make sure you do the math before
you fund a trading account and definitely not do it with the first
company you come across.
Diversify Risk, Trade relative to your Budget!
There are many ways to reduce the risk when you are trading and I actually made a few videos on my YouTube Channel where I explain how to manipulate the risk, but the most basic thing you have to do is to trade relative to your budget. If you start an account with $200 don’t step into a trade with more than $35-50, as you won’t be %100 right all of the times even with a very good strategy and you definitely don’t want to put ‘all the eggs in one basket’ and lose all of your money on one trade! Diversify risk correctly so you can practice your strategy!
Don’t take a Bonus Offer when you fund your account!
You might be asking yourself why am I telling you not to take free money that the platform offers. It’s very simple. The bonus locks you in to a volume of trades you would have to generate in order to withdraw your money from the platforms, often equal to 20 or 30 times the amount you deposit. If you don’t have much experience with Binary Options, you certainly want to have access to your money at all times if you choose to take it out, therefore I wouldn’t recommend taking a bonus offer, especially if you are just starting out with online trading.
Avoid Emotional Trading, Trade with a Strategy!
The most common trading mistake is when people involve emotions with trading as they assume intuition, luck, good heart or any other factors besides getting to know the asset you are trading and developing a strategy, might get them anywhere!
The good part is that unlike with Forex Trading, you are not required to use software and complicated charts and a simple fundamental analysis of the asset you are trading might be all that you would need to generate profits! Watch my short strategy videos on my Binary Option channel and learn various strategies.
You snooze! You lose! It’s day trading so you got to be FAST!!
Many times as the graph is about to hit the price level you purchased your option putting you at risk. Wouldn’t you rather just break even? If your initial option was a Call Option(up) predicting that the price of the asset goes up, if and when the graph hits your price level, quickly buy a Put Option(down) for the same amount and this way you can break even! minimize the potential lose and build up profits over time!
Don’t forget to check out cedar finance scam.
Diversify Risk, Trade relative to your Budget!
There are many ways to reduce the risk when you are trading and I actually made a few videos on my YouTube Channel where I explain how to manipulate the risk, but the most basic thing you have to do is to trade relative to your budget. If you start an account with $200 don’t step into a trade with more than $35-50, as you won’t be %100 right all of the times even with a very good strategy and you definitely don’t want to put ‘all the eggs in one basket’ and lose all of your money on one trade! Diversify risk correctly so you can practice your strategy!
Don’t take a Bonus Offer when you fund your account!
You might be asking yourself why am I telling you not to take free money that the platform offers. It’s very simple. The bonus locks you in to a volume of trades you would have to generate in order to withdraw your money from the platforms, often equal to 20 or 30 times the amount you deposit. If you don’t have much experience with Binary Options, you certainly want to have access to your money at all times if you choose to take it out, therefore I wouldn’t recommend taking a bonus offer, especially if you are just starting out with online trading.
Avoid Emotional Trading, Trade with a Strategy!
The most common trading mistake is when people involve emotions with trading as they assume intuition, luck, good heart or any other factors besides getting to know the asset you are trading and developing a strategy, might get them anywhere!
The good part is that unlike with Forex Trading, you are not required to use software and complicated charts and a simple fundamental analysis of the asset you are trading might be all that you would need to generate profits! Watch my short strategy videos on my Binary Option channel and learn various strategies.
You snooze! You lose! It’s day trading so you got to be FAST!!
Many times as the graph is about to hit the price level you purchased your option putting you at risk. Wouldn’t you rather just break even? If your initial option was a Call Option(up) predicting that the price of the asset goes up, if and when the graph hits your price level, quickly buy a Put Option(down) for the same amount and this way you can break even! minimize the potential lose and build up profits over time!
Don’t forget to check out cedar finance scam.
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