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Important Facts About Binary Options Robot Brokers
There is a large number of binary brokers available that float around on binary options market. All of them are trying to represent themselves as best and top rated brokerage companies that provide groundbreaking service and outstanding services.
Aside from good marketing strategies, binary brokers are not always that positive as traders think they are. Some of them are working under the veil of anonymity and just trying to scam traders around the world. In order to protect traders from scam brokers and their bad intentions, there is one thing we can help you with – discuss most important facts and how to find the best broker .
Automated Binary Trading – A New Trend
Additionally, we need to point out that manual trading takes more time and effort to find appropriate and safe binary broker. In order to save time, a new trend is to trade with a broker through auto trading robot platform . Binary auto trading is a popular trading method and there are various robots traders can trade with. Since market offers a large number of binary options brokers, binary newbies are oriented towards binary robots that provide trustful brokers.
In this article, we will talk about binary brokers that are available with Binary Options Robot platform .
Best Auto Trading Robot Provides the Best Binary Brokers
It is 2020 and we all have a lack of time in our lives. We live on the go and we want to do as many things as we can. The same things are happening in the binary options world. There are thousands of options available and traders have recognized the opportunity to increase their profits with the support of binary options brokers. BinaryOptionRobot.com has managed to define and review the best binary robots you can trade with and one of the best ones is Binary Options Robot software with great performances and outstanding results.
Besides having extensive financial and technological background, Binary Options Robot is based on a huge array of indicators and financial instruments . Aside from great trading features, this binary robot ensured traders have a large number of binary options brokers they can trade with. All brokers have passed security standards and they are considered as reputable binary brokers.
“Traders can trade with more brokers at the same – from the same trading platform.”
Binary Options Robot has Ensured Ground Breaking Services
Besides implementing the best brokers to its platform, Binary Options Robot allows traders to trade with as many brokers they want . All this is possible from the same trading platform and traders are not required to pay any additional fees for this service.
Trading from one trading platform has a simplified trading process and increased the possibility for higher profits . Traders like to invest and they know that if they invest with more brokers, there is a bigger chance for profits. Binary Options Robot ensured that trading on its platform never becomes boring.
Traders don’t need to install any additional software or plugins, the infrastructure of Binary Options Robot is simple and easy. Robot platform is a web-based application that runs on the cloud. To get auto trading activated, traders have to be online.
Register With a Broker Through Binary Options Robot Platform
In order to start making profits, novice traders first need to register with Binary Options Robot for free . After managing registration with Robot, which lasts no longer than a few moments, traders will be automatically be registered with one of the reputable brokers from Robot portfolio. This makes things easier and traders just need to make a deposit with a broker to start trading.
If a trader wants to trade with a different broker, he needs to register with a preferred broker from Robot platform. The registration process is very simple and traders will provide their personal info with a broker. Registration with brokers is free of charge and traders don’t need to provide any payment details during the registration. After traders are redirected to broker account, they will be offered to make a deposit with a broker. Each broker provides different payment methods,which includes an extensive list of reliable payment service providers.
1st Place! Best Binary Broker 2020!
Best Choice for Beginners — Free Education + Free Demo Acc!
Sign-up and Get Big Bonus:
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Some of the available brokers on Robot platform are:
- Banc de Binary
Auto Trading With Robot Takes Care of Everything
This fact helps a lot. Binary Options Robot generates binary signals and it correlates with binary brokers. The trading process is completely automated and traders really don’t have to be experienced in order to trade. Trading features help to define some ground rules and protect trader’s funds.
When traders set their preferred settings, Active trading can be turned on and the trading process can start. Additionally, traders need to be online in order to trade with Binary Options Robot.
“Manual trading is considered as more complicated and it is common for traders that have more trading knowledge.”
Switch to Manual Trading Whenever you Want
Another important fact about binary brokers available on Binary Options Robot is that traders can perform manual trading too. Some traders want to test their trading skills and place a trade by themselves and Binary Options Robot enabled this option too.
Manual trading provides trading with more underlying assets, promotions and trading options. In order to be able to trade manually, traders must have certain knowledge about different trading types and how to trade with each of them.
As we have already said, Binary Options Robot provides only secure binary brokers and traders don’t need to be afraid they will be scammed. Besides the fact that Binary Options Robot are safe for trading, there is one more benefit traders can find useful – VIP account. With Binary Options Robot VIP account traders are welcome to use additional tools that could make their trading even more profitable.
Binary Options Robots
You will undoubtedly have heard about the various techniques of making money without doing anything. Binary options robots are effectively autonomous software which allows you to trade without prior experience as well as without spending time on regular basis infront of your computer. To decide if it is the right solution for you this article will explain what binary option robots are, why they can be beneficial and whether they are the same as the signals you can receive. Here we will also research the differences between the various robots and whether they are worth the investment costs. Finally, you will know how to test any automated trading system without using your own funds and which is the best autonomous software currently available.
|BinBot Pro Review|
Binary Options Robots In Simple Words
Despite the term “robot”, they are actually just piece of software. The binary options robots software is designed to study the market and the possible trades which will generate a profit. Before the software does this you need to tell it some simple facts, including the amount you wish to risk per trade and the types of trade you wish to engage in.
There are many different suppliers of this software; some work in the same way whilst others use different strategies and angles in an attempt to get the most profitable results.
You should also be aware that the binary options robots cannot work alone; they must be connected to a broker account which you will need to establish before you can set your robot in motion. There are two reasons you must select an appropriate broker. The first of these is that the robot developers will only wish to work with firms they believe are reputable. The second is that every broker uses different trading requirements and platforms; there are often technical issues when connecting to the broker; the binary options robots can only connect to specific ones.
This means you must either find one of the binary options robots which work with your current broker or start using the services of a new broker which will connect to your chosen robot. It is also possible to contact the customer support team with your broker to see if they can help you. Providing you are using one of the better known and respected brokers you should be able to choose from a selection of robots.
Reasons to Use Binary Options Auto Trading Software Known Also As Binary Options Robots
There is an array of benefits to trading with autonomous software:
Automated trading through binary options robots
The most difficult part of trading in the binary markets is getting to grips with all the different options and strategies. This part is time consuming and can be difficult. You will need to be constantly aware of what the markets are doing and the latest economic news. This requires a time commitment on your part which may leave you little time spare after you complete your regular job. Your relationships are likely to suffer as you attempt to balance your work, family life and generate additional funds from your binary investments.
Using the binary options robots solves this issue; they will trade on your behalf and can even place trades while you are at work or asleep. You will not need to find hours every day to study the markets; just a few minutes checking your parameters with the robot will suffice! Providing you choose a good robot you will generate a healthy profit; almost effortlessly.
Profit Generation and the Binary Options Robots
This type of trading offers an array of challenges that you will not have come across before; this is particularly true when you are dealing with short terms trades which needs a different approach. It is simply not possible to develop all the right strategies within the first attempts at trading. This can easily cost you money whilst you learn the basic trades. You will then need to master the more complex strategies which are essential to long term success in this type of trading. It is highly likely that you will make a range of basic mistakes which will quickly diminish your available funds; you may even find you run out of money without really mastering the right approach.
Fortunately the best binary options robots can assist you with this issue. By using a binary option robot you invest your time and money in their years of experience and their knowledge of the markets. It is the simplest and most cost effective way of receiving professional help. The binary options robots will:
- Trade constantly; day and night if required. Its sole job is to trade; not eat, sleep or even rest. You can use the services of a robot to ensure you are generating funds whilst having fun with friends.
- The autonomous software is also likely to locate more trading opportunities that you will when studying the markets yourself. This is true whether you are studying the markets or not: it always is.
- The more things you attempt to squeeze into your day the harder it is to do them all accurately. Tiredness in particular can cause you to make investments which are not beneficial and highly unlikely to be profitable. In fact, making the wrong decision when tired can be a very costly mistake. Fortunately your binary options robots do not feel tiredness; they will work to the same standard at all times; this generally improves the level of profits you can make.
- Emotions are often one of the biggest issues for any trader. It is easy to get caught up in the moment or push harder to generate funds after a run of bad trades. Using your emotions is likely to end in bad trades and cost you additional funds. The binary options robots do not react in the same way. They will only trade based on what the market is doing at the moment; they do not have any attachment to the success or failure of a trade which has already finished.
The software will simply look at the current market movements and the rationale behind certain directional changes. Doing this from an objective viewpoint allows the robot to select the best possible trades; based on facts and analysis. This is something you will struggle to do once your emotions get in the way.
The real beauty of the binary options robots is the fact that they see completely in numbers; their programming code is a set of mathematical parameters which allow them to trade in a predictable way within the binary fields.
Binary Options Robots Costs
It may cross your mind that there are other ways to invest your funds without needing to be present or spend time making trades. Investment funds are an excellent example of this kind of trading. However, one of the fundamental differences between investment funds and binary options robots is the charges they make. An investment fund will charge a fee which can make a significant dent in any profits; the binary options robots do not. This can make a significant difference; being charged a fee; even as low as 3% means you are already at a loss before you start trading; adding annual fees into this simply makes it even more costly and your position harder. The binary options robots do not do this; some of them charge an initial fee and then no other cost whilst others are completely free for life. This means the profits generated are yours and makes it an exceptionally good alternative to other investment options.
The Human Factor And Binary Options Robots
The majority of the binary options robots use complicated algorithms which have been created and are run through dedicated programs. However, there are some which develop their trades based on the analysis of experienced traders; the human element. There are advantages to both types of automatic trading; to decide which is right for you it is essential to understand the difference:
- A computer generated algorithm will perform the same way every time; they will run the same check over and over again on different assets and markets to find the right deal. Their consistently should lead to excellent returns.
- Experienced traders will evaluate the bigger picture as well as specific situations. They are much slower than a computer but can pick up on small signals which are overlooked by the algorithms. Whilst a person can make mistakes and the number of trade possibilities will be less it can still generate good results.
- Combining the two can be a good strategy. Instead of the program analyzing the web a human does and the program verifies the findings of the experienced trader. The computer will also deal with all the transactional side of things. This combination can get the best of both worlds although it depends on the set-up created by the program.
It is not clear cut which method works the best; instead you should focus on which style of trading suits you best; providing you generate a profit stick with it!
Free Binary Options Robot Software
There are an increasing number of robots which can be used for free. Whilst some of these offer a very worthwhile service it is also possible that you will not be getting the service you expect. The reason for this is very simple. A popular trading platform, known as Meta Trader has started to be used by those trading in binary options; the system is an adaption of a successful currency trading process. Using Meta trader will allow you to create your own robot; however, there is an issue with this.
Currently most brokers do not support Meta Trading. To combat this issue several businesses have started up which operate to fill this gap. You will need to pay a monthly fee which will allow the service to send the signals created by your Meta Trader robot to your broker and have them put into action.
However, there are several major issues with this:
Almost all the robots operating through Meta Trader have small issues which will prevent them from providing long term success in binary trading. This is generally due to a lack of experience as anyone can create a robot and you will not know how good it actually is.
The majority of this type of software is developed by looking at past information. Whilst this is relevant to binary trading it is not the only element; the market is very flexible and there must be an element of forward thinking to allow the robots to adapt successfully and operate long term.
Finally, many of the signals between the Meta Trading robot and the broker are simply misplaced along the way. Combining this with the limited number of brokers who support this facility means you will miss a large amount of potential trades.
Professional developers adopt a different approach and their systems are designed to integrate seamlessly with specific brokers. This article deals with these professional firms.
Fully Or Semi- Automated Binary Trading Robot?
You have two options when choosing between the binary options robots; the first is to let the robot find the signals and place the trades. The second is to receive the signals but for you to decide whether to execute them or not. You can even choose to run both systems; one robot supplying you with trades and the other waiting for your instructions to place trades.
Of course, there are some issues with this:
Running two systems means making monthly or annual payments to both of them; which will affect your profits. This is generally considered to be a bad choice as there is no significant gain from this approach.
Individual systems sending you signals are likely to lose up to half the signals in the transfer process; leaving you a host of missed opportunities. It is, therefore, better to choose one of the binary options robots and stick with it.
Managing Your Money While Using Binary Option Robot
There are several ways of helping you to keep your initial funds and generate healthy profits. Unfortunately, not all robots operate in the same way and may place your funds at risk.
The best binary robots offer a means to manage your money by basing a trade on the results of the last trade. This means that your investment will always be a percentage of your account balance and ensures you have money left at the end of the trading day. The alternative is a robot which simply uses the same amount of funds every time; unless you tell it different. This can have a detrimental effect on your funds if you hit a non-profitable run.
Unfortunately there is also such a thing as badly managing your funds which can be worse than not managing them at all! It is not whether the robot includes a money management scheme that matters; it is whether the scheme will benefit you or not. There are several distinct characteristics to each type of management:
Good Automated Trading Strategies
These are generally those which increase the amount you trade with as the value of your funds grows and decrease as your funds decrease. This prevents you from wiping out all your funds on one bad trade but allows your funds to grow at the fastest possible rate.
Bad Automated Trading Strategies
This type of approach will quickly worsen your fund level by increasing the amount of funds placed on a specific trade after you have experienced several out of pocket trades. The aim would be to replenish your funds but could just as easily result in all your funds disappearing.
It is a fact of any type of trading that you cannot get it right every time. Managing your funds effectively will allow you to get through these patches and back to the profitable trades. Even robots without set management policies can be told a percentage of your account to trade each time; this will ensure you stay in the money. All you need to do is check your account regularly and adjust the percentage if required.
The Cost of Binary Options Robot Software Usage
Often the best quality products cost the most and whilst this is true of binary options robots it is possible to get a good robot for either very little or free; providing you adopt the right approach.
In general a robot will cost you a one-off fee of between $200 and $500; it is possible to purchase an annual subscription to some robots which will cost you approximately $100 per year. However, despite initially seeming easier it will quickly become more expensive than the lifetime option. An added incentive to choose the higher one-off fee is that the majority of robot providers will allow you sixty days to test the product and obtain a refund if you are not happy. This ensures you can put the robot through every test you can think of; if it does not perform how you expect simply return it for your funds back. This is an important guarantee and incentive; allowing you to test any of the binary options robots thoroughly.
What About Free Binary Option Robot?
As mentioned some providers offer a completely free robot; instead of you paying the fee your broker will. This is in keeping with modern business practices which reward those who introduce customers to their business. By signing to a broker through the robot they have introduced you and will gain a monetary incentive as long as you remain a member. This works exceptionally well as you must have an account with an approved broker to use the robot. Even if you have an account already you will generally need to set up a second which is dedicated to the robot.
This allows the robot provider to offer a good quality, free service to experience and new traders.
Automated Trading Robot – Is it Worth the Financial Commitment?
There are three areas to consider when answering this question:
Using a Binary Options Robot
The better robots use complicated algorithms to ensure they win more trades than they lose; an experienced trader can produce the same results. However, a robot can scan far more assets and movements than a human which will increase the amount of successful trades which are placed. This will ensure a higher overall rate of return.
To fully understand this you imagine a trader studying the market for four or five hours every day and placing five trades a day; getting positive returns on as many as seventy percent of them. However, a robot with the same approach will be able to trade for twenty four hours a day; potentially placing twenty four trades a day.
If every trade has the same amount invested then the better system would simply be the one which trades more. A trader with five trades a day will make 100 trades a month and win seventy of them. The automated system would place as many as four hundred and eighty trades and win 336 of them! Even at just $10 per trade there would be approximately $3,000 extra profit by using the robot.
Is an Automated Binary Options Robot a Good Idea?
If you use a free robot does that automatically mean it is a good idea? In general yes as you will benefit from these features:
- The ability to monitor your returns rate, a robot can consolidate the information from several broker accounts allowing you to see, at a glance, how much funds you have and which is generating the most profit. You can even choose which brokers to continue using based on this information.
- The robot can trade on hundreds of different assets but you can individually set the ones you wish to trade in; allowing you to adjust for market conditions and maintain your profit margins.
- By using the services of a good binary options robot you will be able to set limits to the number of trades or amount of funds committed in any one day. This ensures you are in control of your funds and always have something in your account.
If these functions are included with a robot which you can access for free then they are certainly worthwhile! This can even allow you to test a robot without risking much of your money.
Paying for the Binary Options Robot
It is possible to pay for the services of a binary options robot but is it worth it? In general the free robots offer the same services as the ones which you need to pay. This means that a paid robot is only really beneficial to the following types of traders:
- Those that are already using a broker and wish to continue with it. As a free robot will need you to close your account and create a new one through them; even with the same broker, you may lose any status you have built up. In this instance it may be preferable to pay a robot provider.
- If you have a specific broker that you wish to trade with and this is not on the free robot’s list then you will either need to locate a paid robot which will work with your broker or do without it. Assuming your broker offers a specific service which suits you in a special way you may prefer the idea of paying for a robot.
However, unless you fall into one of above reasons then it is advisable to start with a free binary options robot and test this approach out before committing any funds.
Reducing the Risk When Testing Binary Options Robots
As with any new product or system you will want to know that it works before you start investing significant amounts of money. Fortunately there are several methods of testing the binary options robots:
Binary Options Robot Review
It is essential to study review on sites like this one and on social media to gauge the response to a specific robot. People who have already tried the service and are unbiased will be the best ones to give you advice.
Binary Robot’s Trading History
The majority of binary options robots will allow you to access their history. This will show you there trades they have made, their success rate and even the percentage returns they have generated.
You can use the winning percentage displayed and times it by the total returns you have received from your broker. Providing your calculation ends up with a figure higher than one then the robot will have performed better than your manual trades and generated a higher level of returns.
Testing the Robot
Many of the robots will link with the demo account supplied by a broker. This means you will be able to test the trades a robot suggests without using any of your own funds. If this is not an option then you can record the trades on paper and compare them to the market movements to see how successful a robot would have actually been. You can even adopt this approach for several days to be satisfied with the results. Of course, to do this you will need to access the robot and if you have paid for it you will want to complete your review within the sixty day grace period; ensuring you get your funds back if you are not happy.
Even after you have completed all the other tests you will want to start using the robot with small trades. Use the minimum amount possible and you will reduce the risk to your portfolio. If you are confident that the results are good you can gradually increase your investment amount.
Of course you can simply start trading with the robot, but, if you have made a bad decision you must be prepared to lose the funds you have invested.
The Best Binary Options Robots
The best one will be a robot which provides consistent results and is free to use. It should also add durability and functions to your trading options. The right one for your needs will depend upon several factors including your preferred broker and the way you like to trade; it is an individual decision. Please check the
Binary Option Robots 101 – Most Important Questions And Answers
Why Automated Binary Options Trading Becomes Popular Nowadays?
Automated binary options trading is rapidly growing in popularity and developing into a niche market with a huge amount of potential. This niche has arisen for two reasons:
1. People who have never tried binary options before are struggling to have the time to learn the necessary skills for successful trading. It is possible to learn them but it takes time.
2. Experienced traders are looking for other ways to invest their funds, binary options are an important part of many traders portfolio but the less time it consumes the more time the trader will have to investigate other investment possibilities.
You do not need to understand the market or analyze the markets if you use a binary options robot. You will simply need to assess how much risk you are prepared to accept and then the binary option robot will handle your trades for you. It is important to choose a binary robot which is properly regulated and offers a fair service ( read Binary Option Auto Trading review ) . Ideally it should be free, web based, have a good reputation and be well supported.
How Big Deposit Is Needed To Use Binary Options Robots?
The majority of brokers ask for between $200 and $250, although it will vary between binary options brokers.
Are All Binary Options Robots Similar?
No! The basic controls and features should be the same or very similar but the minimum and maximum amounts for deposits and trades will vary as will the best rates of return. You may also find your access to certain types of assets limited.
Do Binary Options Robots Compatible With Your Broker?
Not all binary brokers are integrated with binary options robots, however majority of them accept automated binary trading as an option. Binary options robots are adaptable and can integrate with almost any platform but you will need to be sure you are happy with the way your chosen system works.
How Much Money Can You Earn With Binary Option Robot?
This is an incredibly difficult question to answer as it very much depends on which trades you take on and how successful you are. Most binary options auto traders will provide an estimate of what you could earn but this is not a guarantee. Binary Option Robot has a 70% probability of winning; this has been confirmed by monitoring the results of a number of trades.
Why Should You Use Automated Binary Trading?
There are risks associated with any investment and these are often not appreciated by newcomers to the binary options trading market. Automated binary trading allows you to get a return on your investment and learn by watching. You will then gain the knowledge to try trading yourself!
What Kind Of Binary Option Robot Auto Trading Software Types Are Available?
Once you have decided that automated binary trading is the right route for you then you can choose between the different options regarding which binary option robot auto trading software is the right one for your needs:
Standalone Automated Binary Options Trading Software
As its name suggests you simply download the automated binary options trading software, it is dedicated to binary options robot auto trading. You then set your parameters and let the robot do its work. You may need to configure the standalone software but this should just involve your login information and the details of the broker.
Automated Binary Trading Software Based On Browser Plugin
This is a much easier app to install on your computer. You will probably access it via the internet and the settings will be visible as either a sidebar or toolbar on your internet page. It is not as stable as a standalone but it is easier to set up.
Web Based Automated Binary Options Trading Software
These are the easiest to start with. Simply go to the website and login to your account. This type uses none of your computer resources as it is cloud based and the trades, once set, cannot be easily lost just by closing your computer.
Whilst it is not possible to guarantee a return from any investment, it is possible to sign up to an auto service which seems to offer something which is too good to be true. If this is the case you should proceed with caution; if making money were that simple everyone would be doing it!
The Truth About Binary Options: #11 Facts
#1 Avoid Unlicensed Binary Options Brokers
Why are unlicensed binary options brokers dangerous? Although officially outside EU/USA it’s not required for a binary options broker to be licensed, it is very much recommended to trade with a licensed broker. Some traders and many governments doesn’t care if a broker is licensed or not and they treat all them the same way, as if license doesn’t provide any advantage or goodwill. Actually, it does.
There are a few advantages for a trader. First, you have a chance to complain if you face any kind of fraud, like delay of payments, blocked account or manipulation of market data. CySEC has fined many brokers and the fines were not nominal. Second, a licensed broker cares of his reputation, because when a fine happens, this is a huge news in the industry and competitors will be happy to make such case as loud as possible. So in many conflicts you will be able actually to negotiate effectively, just telling the broker, you can go all the way to the regulator.
CySEC, based in Cyprus, is the most widely used regulator and it is also very reachable and active, but there are others, who work with binary options brokers, like UK’s FSA, BaFin from Germany, Spanish CNMV, Indian SEBI, – all good.
Only make sure, that the broker’s license is currently valid, as in some cases brokers were deprived of licenses due to various wrongdoings, or have abandoned regulators voluntarily.
#2 More Than 50% of Traders Lose Their Deposit on the First Day of Trading
How not to lose your deposit on the first day of trading? Unfortunately, it’s a common situation. A person comes to binary options or to forex trading or to any market all and loses all the money he has got to trade during the very first day. So how to avoid this? The strategy is very easy – don’t use the whole of your deposit during the first day.
The first day of trade is your first test. Can you stay cool, can you keep your head cold, can you limit yourself and keep your trading within firm borders of 10 – 20% of the deposit. If you can, you can be a successful trader.
Control your emotions, control your behavior, stick to your strategy,- those are the main qualities of good traders. Knowing how to use the charts and trading tools is secondary.
You will master the market if you can master yourself.
#3 Shady Brokers Will Try To Convince You To Keep The Money (Until You Lose Them)
How to withdraw large earnings from binary options brokers? So, you made it and you have earned thousands, or even tens of thousands dollars on binary options! Congratulations, but it will not be a complete feeling, until you don’t have a significant sum in your pocket. And here are a few moments you should know about withdrawing lots of money form binary options broker.
- First, a broker will try to convince you to keep the money. Of course, brokers are not really used to deal with winners, only as little as 1-10% of traders win and withdraw significant money. But they have strategies to make the numbers of withdrawals less. They will offer you huge bonuses, a personal manager, risk free trade, secret strategies,- everything to keep you trading, trading big, risking and eventually making a mistake. Don’t succumb. If you have in mind a certain amount of money you want to withdraw, stay cool and stand firm. Get your hard earn profit, celebrate, and then risk with the remaining bank.
- Second, there are limits. In all the advertising brokers promise 1 hour withdrawal and usually it works with small sums. But deep inside terms and conditions you will find, that a broker actually can be very slow in sending your money, they can start a very slow so-called “confirmation” process, and sometimes it will take months to get your winnings in full, particularly with small brokers.
So trade with a large licensed broker (like IQ Option, Binary.com or Olymp Trade) and have a clear strategy – how much money you are ready to keep and don’t let any “exclusive” offers shake that.
#4 What Are The Three Worst Mistakes Of A Beginning Trader?
First of the worst mistakes is trading on a very short timeframe, when you can’t predict anything and rely on fortuity, not on calculation.
Second, lack of risk management. You must know and control your risks. Don’t do too many deals in a short period, or don’t bet on vey “costly” deals when you use too much of your deposit. Those are the ways to lose everything, in case of mistakes it will be pointless even to analyze them, because you will have no money to strike back and use the experience you always gain from your losses.
Third, choosing the wrong broker. You can be a genius or you can learn to be a very good trader and make lots of profits, but if you choose the wrong broker, you will be cheated and the broker simply will not pay you. So always choose a licensed broker with good reputation.
#5 What Is The Main Quality Of A Successful Trader?
Self-control is the main quality of any successful trader, you will not find a really successful trader who makes rush decisions and keeps braking the borders of his strategy.
You need to set the limits, how much you can afford to lose, how much you are ready to spend on one deal, how much risk you are ready to afford in your strategy,- and stay within those limits.
Before each deal you need a clear idea, why are you doing this and why it will work, if you are mistaken – recognize this, take time to analyze, make new strategy and keep going.
Remember, you need to limit yourself both in situations of losses and high wins, so that you will not lose too much in one case, and leave the game as planned, taking the profits in another case.
#6 How To Double The Amount Of Successful Deals?
The answer is – make less mistakes in your trading. How to do it? Trade on longer timeframes.
Why longer timeframes are better? You will have more time to analyze the situation and make a decision on whether to make a deal or not. The more time you have to decide, the less mistakes you make.
By the way, if you choose not the first class broker, shorter timeframes are even more dangerous, because lots of frauds and cheating on the broker side are carried out with traders, who choose shortest timeframes.
Reduce the amount of your deals, increase the time between your deals – and you will lower your risks and raise your profits.
#7 Why 99% Of Trading Systems Don’t Work?
Lots of brokers offer trading systems to their clients nowadays, as well as other parties on the market, like financial consultants and various market gurus.
There are two reason why most of those systems don’t work.
First, those ideas may have been brilliant at first. But any successful strategy, when it is promoted and offered for copying by many traders, eventually simply stops working.
Second, some strategies are actually designed to work against you, those are the strategies offered by brokers. Yes, you may benefit from them for some time, but in the end the broker wants you to lose and you will lose if keeps working within the inflicted strategy.
The only strategy that works is your own strategy, when you choose the required risk tolerance, trading instruments that you understand, and timeframes that are not too short.
#8 What Are The Three Common Delusions About Binary Options?
- People see the high profits of binary options trading and lose sight of high risks. Risks and profits are interrelated, if there’s a chance to win a lot, there’s a high chance to lose everything.
- People want instant success. With binary options you can earn quick money, yes, but this will not last. If you are a beginning trader, who instantly wins, you will probably experience losses very soon. Be ready for a long game and, lots of high and lows and keep control of your emotions in good times and in bad times.
- Easy money – people think binary options trading is a very easy thing, but it’s not. You will have to learn to be a successful trader, and you will have to pay for that education – with your nerves and with your money.
#9 Is It Possible To Become A Millionaire By Trading Binary Options?
Many people ask the same question: How to make millions by trading binary options? First, there are no credibly cases of millionaire traders, who made fortune on binary options. A more realistic strategy to earn millions, is start with binary options and forex, build small fortune and move on to other markets, where you can earn millions.
There are two things to consider, if you want to make millions with your trading.
First, you can’t just come to the market and become a millionaire immediately, the secret of millionaire traders – they all have vast experience, that helped them to create a unique trading strategy, backed by some brilliant ideas. To have a brilliant idea, that will be a base for a winning strategy, you’ll need to have lot’s of ideas. And that means test lots of ideas and lots of strategy, losing and winning on the way.
So as a beginner you should be ready for a long game.
Second, how much money you make depends on how much you can put in to start with, and to earn millions you’ll have to put in hundreds of thousands. But for hundreds of thousands binary options market is simply not safe enough.
#10 Why You Shouldn’t Trust Your Binary Options Broker?
Whatever your binary options brokers tells in his advertising, he makes profits only when the traders lose, so he is not interested in your success.
Of course, it doesn’t mean that you can only lose. On the one hand, there’s regulation, and good binary options brokers are accountable, on the other hand, there’s competition, and brokers value their reputation and don’t want scandals.
But you should be ready, that even the best brokers will want to cheat you.
First, some brokers offer you managers, that give trading advice, to some extend that advice could be helpful at the beginning, but the broker will not want you to end up with huge winnings, so on later stages advice will be misleading.
Second, the brokers will try to convince you to trade more and to take more and more risks. They will offer exclusive conditions, only to keep you trading. Don’t listen, have your own limits and take out money when you win.
#11 Do You Read Terms And Conditions?
In any industry terms and conditions will contain surprises, that will go against what you see in advertising or what sales people tell you.
In binary options there are several things to consider, so make sure you read terms and conditions before you choose the right broker.
First, some brokers will charge you with 2-5% of the money you want to withdraw, sometimes there’s even a minimum limit of this charge, 10-30 USD (but no maximum limit), so if you withdraw 50 dollars of winning, your broker will want to keep 30 of them. This is not because a broker wants that 30 dollars badly, this is because a broker wants you to keep going, keep trading. So in such case just understand, that your broker charges this money and withdraw your winnings anyway, if such was your strategy.
Second, your broker may have the right to keep your money if they are not satisfied with your documents, officially it is said to be targeted against money laundering. But in fact it is often used to keep the money of hugely successful traders. Your broker doesn’t reject your withdrawal, it just puts it on hold and keeps asking for more and more documents, that may last forever. So trade with a licensed broker, in this case you will have an option to complain.
Finally, there are commissions, and with commissions you can do nothing. Some brokers charge commission if your trading account was inactive for 60 days, some – charge several dollars every month from every trader, others charge commissions on your winning. For this you just need to be aware of.
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