3 Rules Followed By Successful Binary Option Traders

Hello everyone, I’m Lexie and this is my binary option trading channel. Over the last few videos I’ve talked a little about trading software, trading currencies and facebook, activating your account and other topics and I hope you’ve watched those videos and was able to enjoy and get some useful advice out of them. Today I want to discuss something simple – your future in binary option trading, or more specifically, how it can be improved. http://www.roughtradedigital.com/binary-options-strategies/top-strategies-for-trading-in-binary-options/ There are many rules to trading, too many for me to list here in one simple video, but there are 3 rules I feel are the cornerstone of knowledge, rules that every successful trader must follow: 1) Set a limit and stick to it – do not spend more money on trading than you can afford to lose, I’m not a pessimistic person, but when investing it’s always smart to prepare for losses rather than count on winnings, set your daily/weekly/monthly spending amount and stick to it. 2) Don’t chase your losses – this one should be quite obvious – when you chase losses it means you’re trading with your heart instead of using your head to plan ahead, and that is almost never a good thing when money is concerned. 3) Study – it is always better to trade assets you know. You know how they behave, how the market affects them, how they react and so on. Try to resist temptations – even if the price looks too good to pass up on an asset you don’t know well you may end up regretting such trades. http://www.eltorrenti.com/trading-insights/how-to-trade-binary-options-profitably-with-mt4-platform Thanks again for watching everyone, see you on my next video!

Comments

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