Let’s talk about 4 accidents experienced by each tea trader with binary options. When this happens, for some reason, you feel that your back is against the wall and the broker is a bully, you get your money with every trade. You are not alone. Many beginning traders experience this and feel pushed around and benefited. If you think you can start making money out of the door after watching a video on how to watch a YouTube video, you are wrong. Let’s take a closer look and see if you have experienced one of these consequences.
1. The Market Has Returned Many Minutes Of Entering Trading.
You have opened an account, invested some money and are ready to make a profit. The market is rising and you feel confident enough to make a call option, you just know that there are 3 seconds left to trade, it is starting to fall dramatically. This is very common among most beginning traders. You are not alone.
2. Wrong Trading Wrong And Entering Income.
As a beginner or an experienced trader, you need to make sure that you are focused and that there is nothing distracting. Many traders get into the wrong trade and get discouraged, they just know they are winning. You wanted to trade for 60 seconds and forgot to change your settings from the previous trade set at 30 minutes, but you still make a profit. This is an example of making the wrong trade and making a profit. Take your time and double check everything before placing your trade.
3. Many trades made a profit, but turned into losses.
This is common and can scare many new traders when they start. You are working on a strategy that looks promising for profit, and as a result you lose the trade. Again, make sure you apply to your demo account before trading live. I can’t emphasize this enough. Make sure you take the time to trade even when you go live. Don’t think you have to go back immediately when it’s low. When this happens, you often lose more than you want.
4. Strong Trading Alarm But you postponed and missed the Perfect Trade.
If this happens, don’t force the trade knowing you will lose. Calm down and look for the next installation. You don’t want to be emotional. Like anything else, you need to develop your trading method. Calm down and keep following your master plan. If your results continue to turn you red and you don’t reach your 70-80% profit target, re-evaluate and apply new techniques.
These are the 4 mistakes that every tea trader makes with binary options. Remember to focus and think for a long time. You can’t come to this industry for 2 weeks and give up. If you are serious, you will take the time to make a 70% -80% profit on your plan. You will become a master at the end of everything you practice long enough.