Today I think it’s a great opportunity to go over some the basics facts and tips for anyone who’s just starting out so you guys can have all the information you need to start trading without falling into any traps or any bad decisions.
One thing I always never recommend is taking the bonus offer because the bonus will lock your money with the platform, and you will be required to generated very volume of trades was traced before you request the withdrawal. So I recommend doing it you will have access to your hard-earned money all times
So second tip is make sure the broker company you’re going with is not blacklisted anywhere on the web. you find up many different blacklist I made one myself, based on feedback data I received from people and have a clear idea, you know which brokers you should avoid. Now don’t just go and trade like crazy!
How much Money to invest?
I recommended straight small amounts. Trade minimum so if the minimum is ten dollars to twenty, until you develop a high rate of success and a full confidence in trade. A lot of people ask me about the 60 second features, I don’t recommend using it for beginners, because it’s very difficult to predict the price trend over for short time.
Binary Options Expiry Trading Time Frame.
Remember that you can always set the expiry for an hour for a day and even for a month. You can set it for as long as you want. And I believe that if you trade on longer time frame still have a much higher success rate and remember that no matter how long you hold the assets for, you can still receive seventy eighty percent on your initial investment, which is a very high return. So I recommend holding the option for longer time frames, and you will see a much better success rate.
Do you really Need VIP account?
Next don’t sign up with a VIP accounts, know that a lot of companies try to get you to deposit money in it with a thousand dollars to five thousand dollars, and I think that it’s look extreme if you’re just starting out, that you don’t have a lot of experience.t you shouldn’t deposit more that between 100 to 500 dollars depending on your budget. If the broker force you to deposit a little more. Of course if you deposit more money then you’ll be able to diversify and to manage the risk better and the broker will give you reward.
Like that you’ll have more fun stuff worked with and test out different strategies but there’s no use to open a VIP account for five thousand dollars because what you’ll find that even if you sign up with the accountant brokers will not to provide you with advice. they teach you how to trade deal.
Probably they will walk you through the platform they might give you signals, but I would highly doubt the signals provided by the broker are accurate. So don’t go with a VIP account I don’t think that it’s worth it. Five hundred dollars is more than enough and if you don’t have the budget just over two hundred dollars.
You don’t need to invest that much, because fist it is high-risk, and even with all the profit potential you can lose money that way. Some brokers have a lower minimum and a lot of ideals and other brokers with a hundred dollars minimum. so you can’t practice it inside out and get familiar with. A lot of people forget to use financial portals. I think that is very important use Google finances sometimes it is you’ll finance. Both portals a really good. Google finance platform give you many information about the company snapshot, the stock price for up to five to 10 years, you can’t backtrack the prices, you use the rss feeds. And also the benefit with financial portal like Google, is that it will list publications associated with the company. I also recommend getting familiar with the charts. Because you’ll find that charts help you identify trends. It’s a technical analysis a solution that still, if you combine it with research altogether, you will do a lot better.
Charts why use them?
learn how to use the candlestick charts. it’s very valuable even if it takes an hour two hours to understand how the charts where I’m that it’s very important that you love be able to use them. know once you get familiar with the charts and you know how to apply it with binary options.
You should use either web a three charts you can oversee the Metatrader 4 which is a software that you get downloads free see either way I recommend using the charts, so you can compare the different solutions, see which one works best for you.
So like i said I do not a recommended VIP account? and also not recommend paying for signals, without testing it out. Because there’s a lot a signal providers out there. There’s so many companies from like over 100 a it lot of them offer free trials. So I think that if you sign up with a free trial least you can test them out and you can compare because I know that some service a very good to refute some channel seats that thing for a monthly subscription without seeing results you get tested out with a free trial so I recommend checking it out that made a list of all the different signal providers.
How many assets to trade
know when you’re treating if you’re developing a strategy in the matter if you set technical or fundamental houses you want to focus on the one or two assets at the most don’t get scattered around.
It’s very important that you focus on the one asset so really analyze all different factors that affect the price movement because if you try focusing on 10 different assets you gonna get lost.
It’s also important to use the portal you can’t focus on the one to two assets in one market, and developed this strategy about that asset.If you go for different asset you’ll find that there are different strategies so if you if you’re not sure with strategy to use with yeah said Then email me and let me know and I’ll direct you to the right strategies.
The One-touch features
But you should know that the one that features high-risk you can lose all your money that you put on the trade. of course you not to lose your funds so it’s limited to the amount that you trade and also your prediction must take into account that the assets will touch certain level few time I think that ever since I started channel maybe two traders emailed me reporting that they actually very funny with one-touch so I’ve never made money with it I think that it iris it’s not recommend this is don’t use it.
Trade Binary Options with Middle Eastern platform.
Some platforms of the Middle Eastern stocks are open over the weekend so on Sunday you can still trade Tel Aviv 25 E and you can trade Dubai by so you can still trade on Sunday but you have to know the hours.
Not every platform offers Middle Eastern assets, see if you go with alloptions.com are anyoption.com you’ll have access to Tel Aviv and Dubai.
I told you that if I so if you’re anxious to trade over the weekend or if you’re too busy during the week that it’s something that’s what I consider before he signed up for the company and the last thing is regarding your deposit amount because as I said before.
I don’t think that itself very clever to deposit five thousand dollars for the start in exchange for VIP counts or in exchange for anything bonuses I don’t think that it’s worth it.
Trading Binary on low budget
But if you are on low-budget and you just start testing it out and you are not sure. You should start with a company that let you deposit starting with around two hundred five hundred dollars this week and they first fight the rest get out test out different strategies but if you’re on a low-budget or you’re just trying to test it out there not sure, then you should start with the company that lets you deposit $100 dollars.
Most companies let you deposit it went two hundred dollars to 250 but some companies like Empire option and go option let you deposit $100 dollars and I refuse to both of my channel so you can check. you can check everything out okay I think that this pretty much covers everything so then of course as always if you have any questions you welcome to contact me.
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