you can only
make money consistently online with binary options
trading , be you a Nigerian or from other country if you know how it works.when it comes to binary options,there are some principles and rules one should adopt if you one to be a professional in the business.this principles and rules will not only help you win more trades but also, it will help you to become disciplined and become more professional when trading binary options or Forex.i my self follow this principles and it has helped me a lot, not to be a greedy trader but to make wise decision to make valid trade.it may not be easy at first especially for beginners to binary options trading but as time goes by,you will learn to keep the principles and rules and also imbibe in the culture of making it a part of you and your trading experience.here is my binary options trading principles and rules to follow
like i have said, you have to learn to keep up with this rules i am about to list for your own good else you might have yourself to be blamed.the earlier you learn how to imbibe this principles and rules into your binary options trading experience,the better for you because it will go a long way in shaping your thinking and mindset of not seeing binary options trading as a get quick scheme even if binary options is gambling,you will not see as though you are gambling out of luck because there is so many tools and indicators you can use to make analysis in the market before you pull the trigger and this makes you a better and disciplined traders,remember my quote is that binary options trading is always there but many people run from the market,so for you to be among the few's that will be profiting from this,then you need to change your mindset and start building a solid foundation towards trading binary options like a professional and not like a gambler who just trade without making analysis.so here is the principles and rules
my binary options principles and rules to become a professional trader whether per time or full time
==> if you are new to binary options trading,then learn how it works by demo trading for months.this will not only give you insight on how it works but also enable you to know the strategy that fits your trading style.
==> always be consistent with your trading style.don't just jump into using another strategy without you knowing how to use it and see result after testing the strategy using demo account.don't test new strategy on live account,try it first on demo account and see result after a month.
==> be consistent with money management.don't trade more than what you can not afford to loose.if you are trading with $5 per trade,then stick to it for some time before increasing it.don't just jump on trading with $15 per trade because you feel you are winning your trades.do it step by step with money management consciousness.you can increase it from $5 to $7 or $10 only when you are very sure your strategy is making more winnings for you than lost.
==> don't be a greedy trader.one of the easy way to loose money in binary options trading is becoming a greedy trader in a short space of time.many new traders have blown their account as a result of greediness and this is one of the major factors that may hinder you from making money trading binary options.its a very bad habit you must learn how to control.indiscipline yourself towards it and it would help you make cool cash from binary options.
==> do not pull the trigger to buy call or put when the market have not made a setup signal for you to enter the market.this is also another major flaws of binary options and Forex trading.many traders enter the market where there is no setup signal.remember, we want the odds to be in our favour and this calls for you to be patient and wait for a valid setup.if you miss a valid setup,there is still more coming,so please be patient and wait for more valid trade setup before you pull the trigger.trade like a samurai instead of trading like a robot.only snipe when there is a valid trade setup in the market and you will kill your target more often if you have such a mindset.
==> do proper analysis whether technical or fundamental.just take your time to do your analysis well before pulling the trigger.don't be lazy to sit and do killer analysis of the market before trading because you will appreciate it more when you have the culture to analyze the market properly before trading.
==> even if you loose a trade after making analysis,there is no need to feel bad because the market can not always be right 100 percent.you must loose some trades because that is how it works.it makes you to learn from your mistakes.even top notch professional Forex trader and binary traders do loose trades but the ability to have more winner trades than loosing trades in a day makes you a professional trader which keeps you in profit every day.
==> say no to too much binary options strategy because it may render your trading experience useless.too much of everything is bad and this also applies to binary options trading because you will start having conflict in making decision whether to trade or not.just make use of the strategy that is giving you more winner trades consistently and stick to it after all,the main reason why we trade is to make profit.nevertheless, don't settle for better when there is best.there is need to test run strategies to know which to keep and which to trow in the trash.you cannot use all binary options strategy because it will render your trade decision useless.so stick to the best.
==> if there is no zeal or motivation for you to trade some days,then you have to take that day off.its not everyday you should trade especially when you don't have the zeal or motivation to trade.just take that day off and do something else.you can use that day off to catch some fun or visit friends and family members.you will be glad you do so when the market is not motivating you to trade.
==> trade amount you can afford to loose.there is no point trading binary options with an amount you cannot afford to loose because if you do so the emotion and frustration will be 100 percent and it will affect your trade decision.this alone will cause conflicting objective because you will start to close your trades when you feel the market is going up and not when the market is showing it to you.so do not use borrowed fund or your last savings to trade binary options or Forex trading because you may end up regretting it and frustration may set in.so only stake what you can afford to loose and you won't have much problem to worry about getting frustrated when you loose a trade.
i will add more principles and rules in trading binary options as time goes on.so for now digest this article and take the principles and rules to be a part of your trading routine to enable you shape your trading life style and experience to make you a better and disciplined trader.
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