Basics of investing in Binary Options
If you think that binary Options it's just a debate about whether to bet on increase or decrease then you are extremely mistaken. Saying that investing in binary options it is simple, it simply reduces the subject. If someone will play with such an attitude, sooner or later they will reset their deposit. Therefore, before you start paying large sums to your broker account, you need to spend a lot of time learning the basic principles such as:
- Capital management
-Strategy
-Control of emotions
But before you start learning you must choose a broker. In my opinion, the best broker is one that has the option to enable the account Demo Why? Well, because if we want to learn a strategy it would be good to be able to test it on virtual money. We don't want to expose ourselves to losses by testing the new method. I will not recommend specific brokers for three reasons:
1. There are a lot of brokers and I haven't tested them all.
2. It is not difficult to find regulated brokers.
3. Nobody paid me for it.
When you decide to make a deposit to the broker of your choice, turn on the demo account immediately and familiarize yourself with the interface and options it offers. It's time to start learning the basic principles of investing:
- Capital management - it is one of the simpler things you have to learn. The most popular rule in the world of investing in the stock market or binary options says that you should invest up to 3% of your capital. There are other interesting methods that I will present in other entries.
- Strategy - It is very important because thanks to a specific strategy we get signals that tell us when we should play CALL or PUT. If we do not use any strategies and follow only our gut, a bad streak can come very quickly, which will significantly reduce your deposit. There are many strategies and on this page you will find some of the best in my opinion. What's the best strategy? Simple and, above all, effective. I have used a lot of complicated indicators in my life that were no better than the simple ones based on a few indicators. I'll introduce you to a few soon simple i effective investment methods.
- Emotion control - you may ask - What's that? What's the problem? Well, it is a huge problem for people who have never risked their money. If you have a good series and you keep winning, you want to keep playing - that's normal, but that's what you have to get rid of. Remember that you will not always win and sooner or later there will be a bad streak. The best way to protect yourself from this euphoric urge is to set limits. For example, you decide that you want to win $ 10 in one session. Remember that this also works the other way around - if you are losing, the natural instinct is to try to save your capital and keep investing. Therefore, set a limit on how much you can lose in one session. Unfortunately, emotional control cannot be learned by playing the demo. You have to play with real money and lose it - this will make you understand that binary options it's not only winning, but also losing money, and the sooner you come to terms with it, the better for you. First, this amount of knowledge is enough. If you want to receive regular notifications about new entries, please subscribe to my newsletter. On the right side you have the "Subscribe for more" box. Enter your name and e-mail there and I will send you what I do not write to us on the website.
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I am looking forward to your new entries and videos
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