HOW TO BE SUCCESSFUL IN BINARY OPTION TRADING Author William Morris www.binaryminimumdeposit.com
Contents: INTRODUCTION 1 BINARY OPTIONS TRADING TIPS 2 Understand the Binary Options Market and Trading Tools 3 Learn How to Trade 3 Choose a Reputable Binary Options Broker 3 Research the Markets and Implement a Strategy 5 Choose Assets Wisely 5 Practice on a Demo System 5 Manage Your Money and Your Risks 6 Consider trading One-Hour Binary Options 7 Sign Up for Binary Options Signals 8 Don t Expect to get Rich Quick 8 HOW TO BE SUCCESSFUL in Binary Option Trading
INTRODUCTION Binary Options have many advantages over tradition Options and indeed over traditional currency, commodity and stock trading. Ideally suited to new investors and those unfamiliar with trading environments we are seeing many experienced investors move away from FOREX and other types of trading due to the many advantages of Binary Options trading. To get started trading Binary Options you need to choose a broker or brokers, sign up, make a deposit and you can start trading. See Binary Options Brokers with the best minimum deposit on our web site. Unlike other forms of trading the potential profits and lossesare known upfront. You cannot lose more than your originalinvestment in the trade. Trading Binary Options boils down to simply choosing if an asset will finish higher or lower than when the trade started. You must decide whether to choose PUT or CALL. How do you decide? We have included some of the MOST IMPORTANT binary options tips that will help you make that all important decision. HOW TO BE SUCCESSFUL in Binary Option Trading Page 1
While these tips are not a guarantee of instant success they will help you fine tune your trading skills and highlight some of the common pit falls. There are many ways to succeed as a Binary Options Trader and these 10 Binary Options Trading Tips will help you make a good start to your trading career or point out some bad habits if you already have some trading experience. HOW TO BE SUCCESSFUL in Binary Option Trading Page 2
Binary Options Trading Tips 1. Understand the Binary Options Market and Trading Tools. Don t just jump in and randomly choose PUT simply gambling and at best you will win some trades by pure chance. Instead learn all you can about how this market works and the products that are available from broker. 2. Learn How to Trade. This may seem obvious but many new traders get so caught up in the exciting prospect of earning large amounts of money that they skip this step. Learn more about Binary Options Trading from High-Low. Just make your free account here. They jump in without fully understanding how to trade and lose their funds. It is important to take advantage demo system and practice trading and check out any strategies that you may consider using when live trading. 3. Choose a Reputable Binary Options Broker. Look for a broker with a wide choice of assets and a high rate of payout. If you have a preference for a particular market check that your chosen broker offers HOW TO BE SUCCESSFUL in Binary Option Trading Page 3
trades on this. There are many new brokers appearing on the market every day, while they may be great brokers they will be largely unproven and will not yet have gained a reputation (good or bad). It is advised to go with the established and proven brokers who have had time to prove themselves. Top Binary Options Brokers: Top Binary Options Brokers for US: HOW TO BE SUCCESSFUL in Binary Option Trading Page 4
4. Research the Markets and Implement a Strategy. Successful traders research their assets well, keeping up to date with any news that is likely to affect their asset price and keep an eye on an Economic Calendar, checking what events are coming up that may cause the asset price to rise or fall. In addition, they use proven strategies that work for them. Trading without research or reliable binary options trading strategy is a sure way to lose more trades than you win and your broker will love you! 5. Choose Assets Wisely. Pick one of the more common assets available to trade. There will be much analysis and news available for the more common assets and they tend to be discussed indepth in forums and other online sources. Avoid the less common assets unless it is one that you already are familiar with and comfortable making predictions on its movements. 6. Practice on a Demo System. As already stated ask for access to the brokers demo system and check that it is a fully interactive system and not just a series of slides and graphics. HOW TO BE SUCCESSFUL in Binary Option Trading Page 5
Most brokers will insist that you make a deposit before allowing access to their demo systems but if you are serious about trading you will be making a deposit when you get started so this should not be an issue for you. Give yourself time to get to know the system fully and to practice trading and using your strategy. There is one option called Risk Free Trade. is that the trader can bet and if he loose the broker cover his loses a set number of times. There are few brokers that offer this trade. As an alternative to the Risk-Free Trades investors can take advantage of the so called Binary Automated Trading Tools - Robots and Systems. They can predict the market conditions - this leads to minimizing the risk of financial losses and maximizing the profits. Click Here to Read More about one of the most reliable and trusted software. 7. Manage Your Money and Your Risks. There is a saying Don t put all your eggs in one this is true for traders too. You should never risk too much of your capital on one trade, many traders never risk more than 5% of their capital on a single trade. HOW TO BE SUCCESSFUL in Binary Option Trading Page 6
If it goes wrong they will still have a sizable portion of their capital available to continue and can recover quickly. 8. Consider trading One-Hour Binary Options. Avoid very long-term Binary Options until you are more experienced. It is difficult to accurately predict where an asset price will be in one month. Instead trade One-Hour Options where you can more accurately predict the closing asset price from analysis, research, upcoming economic events and news stories. In addition, this can be a quick way to profit. If the market is trending in a particular direction you may consider using 60-Second Options to take advantage of the trend and maximise your profits. HOW TO BE SUCCESSFUL in Binary Option Trading Page 7
9. Sign Up for Binary Options Signals. Signal providers will issue you with their predictions on a regular basis. If the signal provider has a high winning ratio this makes sense as they will have carried out expensive research and analysis prior to releasing the signal. However, they do not always predict correctly but good ones win more than lose. IQ Option is one of the providers of Binary Option Signals. Our team find the signals accurate and one of the most reliable on the market. Read traders comments and learn more about IQ Option here. 10. Don t Expect to get Rich Quick. Some traders just want to earn some extra cash from a couple of hours work per week while others make a great living by putting in a lot of hard work and extra effort. Be realistic and understand that y ou get out what you put in and if you put in nothing... well you know what the result will be. HOW TO BE SUCCESSFUL in Binary Option Trading Page 8
Top Binary Options Robots: Top Binary Options Robots for US: AND REMEMBER A GREAT TRADER IS LIKE A GREAT ATHLETE. YOU HAVE TO HAVE NATURAL SKILLS, BUT YOU HAVE TO TRAIN HOW TO USE THEM HOW TO BE SUCCESSFUL in Binary Option Trading