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    Tamela Laseron
    Tamela Laseron

    A binary option (also known as an all-or-nothing or digital option) is an option where the payoff is either some amount or nothing at all. The payoff is, usually, a fixed amount of cash or the value of the asset.

    When deciding on an investment amount, it should be so small that it almost feels like a waste to even take the trade. If you’re ever experiencing anxiety over a trade’s outcome, binary options I can safely assert that you have are putting way too much money into a single trade. By that, I mean you should be investing less than 1% of the money you can afford to lose (leftover disposable income) on any given trade.

    This guide will show you how to minimize risk, with strict guidelines for beginners and will give you inside information from an experienced trader. Countless people struggle in binary options, losing their hard-earned savings. This can all be avoided.

    On the other side of the spectrum, being “overly patient” and “undertrading” – i.e., having issues pulling the trigger – is another problem that definitely affects traders. And, of course, ensure you are keeping your trade sizes small enough such that you have absolutely no emotion over the outcome of the trade. In fact, in many cases a trader might have both issues at some point or another. Then again, if you’re eyeing a certain price level, be confident in your set-ups. But when trading a support and resistance based strategy similar to what I use, you should always have your price levels planned out ahead of time and take your trades when you receive validation that they are likely to hold (similar to the touch-rejection-and-retouch strategy I’ve discussed in my recent trade analysis posts).

    Attention on the product has increased materially over the past several months, with many brokers leaving the market or dramatically downsizing. The total ban of the industry from the iOS App Store signifies that the company has been receiving complaints from users of the applications.

    The tech giant has updated its list of tablet computers, presenting a new 10.5 inch size iPad Pro that could be very interesting for professional traders and users of mobile trading platforms. Apple’s decision comes after the company unveiled new hardware and software at its annual developers forum in California.

    However, in binary options with strike-entry brokers, I don’t have that convenience, so I’m forced to wait and play close attention to the charts to execute a trade exactly where I want it to be. Strategy-wise, it might be slightly different since I’m waiting for confirmation to take a trade at my price levels in binaries, whereas in spot forex I simply enter in a limit order price and the trade triggers automatically if the market reaches that level. This is, in my opinion, what makes binary options trading so much more difficult than swing trading spot forex. But with regard to my mental approach, I always have everything planned out – specifically what level I’m targeting potential call option set-ups, and what level I’m targeting put options right down to the tenth of a pip. In rare instances, I may not be considering any type of trades at all if the market is simply too wild (e.g., impending important macroeconomic news releases). But mentally I don’t have an approach to binary options that is fundamentally any different from the way I approach forex. Then and only then am I taking the trade. I truly believe that the top trait that separates successful from unsuccessful traders is the ability to stay patient and wait for only the best set-ups. Sometimes I may only be considering one type of option (call or put) if the trend is sharply in one direction or binary options another. In my spot forex trading (trading off the four-hour and daily time compressions), I largely avoid this issue because I’m setting limit orders, stop losses, and take-profit levels all at pre-determined points in the market. And if the market does get to the level I’m looking at, I’m not just excitedly hitting the button to take the trade, but rather waiting for price to reject that level and taking the trade if it touches on the next candle.

    Always use advanced trading methods. One of the easiest is split trading. To make it you need to split your trade into 2-4 parts and make trades when the price reaches better. For sure if the signal is fully lost – you will lose it, but if the signal was lost with regular strike price and won with best price – you can safe parts of your investment!

    People want to make money quickly and binary options do seem like a good means to rapidly multiply your available capital. Therefore, they trade a lot as if they’re trying to compel the markets to make money for them. Always stay patient when trading, even if that means looking at the charts for eight hours yet not finding a set-up worth trading. Exercising patience is the same as exercising rationality, as it’s a uniquely human ability and exercises higher-order cognitive functions, and not the more primitive parts of the brain that take over when an individual trades emotionally. It takes a certain maturation process to understand that you’re not going to become rich right off the bat in trading, especially since lowly capitalized traders tend to be beginning traders. Overtrading is a definite problem for Minimum deposit many individuals and is probably the number one trading-related issue that prevents many from becoming good traders.

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