macfortune. could u share this your superb strategy. God bless u abundantly.

largercoast:
macfortune. could u share this your superb strategy. God bless u abundantly.

My dear, I was just looking and observing... Maybe it's because I'm still using a virtual account.

Another screen shot....

what were u lookng at & observing. can u share ur observations. ur results are awesome.

Decided to try something new on EURO pairs 2day

teeboy4x:


Decided to try something new on EURO pairs 2day

Hmmm... My boss, I need your assistance on having a live account now.

largercoast:
what were u lookng at & observing. can u share ur observations. ur results are awesome.

Bro to be honest, I don't know anything about this stuff apart from following my instincts and the time interval has been 2mins... maybe it's because I'm using a demo acct.

Macfortune:

Hmmm... My boss, I need your assistance on having a live account now.

Lol... It's too early to go live now, unless you want to dash binary your money. Keep practicing on demo bro

Am kind of broke guys. Is there any here that can send $5 to my Binary account. I will pay him or her back by recharge card or bank deposit. Please na, am for real

Macfortune:

My dear, I was just looking and observing... Maybe it's because I'm still using a virtual account.

test it on real account and see the difference

Macfortune:

Hmmm... My boss, I need your assistance on having a live account now.

there is a button to upgrade to live account via the site. Don't let the trade success to trick your mind. Live account is a different ball game because emotions will set in

[quote author=GabrielYulaw post=43414338]Am kind of broke guys. Is there any here that can send $5 to my Binary account. I will pay him or her back by recharge card or bank deposit. Please na, am for real [/quote
]Guys come on pls, help a bro out!!!!

Macfortune:

Bro to be honest, I don't know anything about this stuff apart from following my instincts and the time interval has been 2mins... maybe it's because I'm using a demo acct.

This thing u are observing and winning, try it at least 2months before going live. If u keep observing things and keep winning for two months then go live and observe exactly the same way, u will win.

Is there no one willing to help a bro out? Just $5 guys. You can add a reasonable commission nd determine means of paymrnt.
Am sadly doing dis cos etradexchange.net only funds a minimum of $10 for binary.

Thanks everybody for your different contributions (advises and encouragements), I will continue learning abt this kind of bizness and also keep on trying out the demo acct till I'm gud to trade.

Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful.-Mark Douglas.

shalom123:
Those traders who have confidence in their own trades, who trust themselves to do what needs to be done without hesitation, are the ones who become successful.-Mark Douglas.

fact

I’m getting contacted on a daily basis by traders who have lost all their money they have deposited. These traders then go on to accuse the brokers of having scammed them or simply stating that binary options are a form of gambling and no matter what you do you will not make any money.

After this I usually ask them to describe what went wrong in order to make sure that they haven’t instead committed a mistake that could have normally been avoided if they would have paid attention to some critical things you need to know before you trade.

In this article I will relate my experiences with losing trades and try to come up with rational reasons why many of them have failed to make money in binary options.

This article is an extension to one of my very first articles on this site called “Can you Really Make Money in Binary Options”. Go check that out as well after you have read this one.

Based on my experiences with losing traders I have come up with these 6 main points and mistakes that traders commit, which results in them losing their account balances.

1. Many beginners just make random trades
I’ve noticed that the first few trades of a substantial majority of newcomers is a completely random trade that has no rational and empirical basis whatsoever. The most common first trade seems to involve currencies such as the USD/EUR or similar.

It seems that these trades are committed for the simple reason that many newcomers simply have no idea what to do right after they sign up. They probably have heard in the news that “the US Dollar is strong” and therefore one of the first things they do they invest in the USD/EUR increasing.

Such trades are very superficial and unempirical. Just because you heard in yesterday’s news that the “USD is strong” it does not mean that it will increase compared with the EUR at any moment in time.

Since most newcomers invest in short time frames (short expiry times), the fact that the “USD is strong” bears no significance on what’s going to happen in say 60 seconds from the moment you make your investment.

How to avoid this: If you are a complete newcomer and have just signed up, you should look into simple binary options strategies involving candlesticks and trends. These strategies are simple enough to be suitable for beginners. Do not trade until you understand how these strategies work.

2. Many beginners immediately focus on 60 seconds options
Unless you do already understand the strategies and trends that were discussed in the link posted in the previous segment you should avoid trading short-term options altogether.

Short-term options are options that have very low expiration times such as 30 to 60 seconds. It is not possible to any person in the world to accurately predict short-term options without using the strategies described above.

So, if you are a complete beginner and not yet understand how to read charts and how to conduct fundamental analysis, then you have 0% chance of making any money in binary options. This is a fact. Not many other websites will admit this because they want you to sign up at the brokers they promote.

How to avoid this: If you are a beginner you essentially have two choices. First, you delay actual trading and take your time in order to understand fundamental beginner binary options strategies first. Once you understand all of these you can start trading.

In the meantime however you can trade long-term options instead. Long-term options are options with long expiration times such as several days to even months. The reason why you should do this is because casual information such as “the USD is strong” can here indeed help you to make money.

The fact that the USD is strong could highly likely mean that the USD is expected to increase compared to other currencies during a longer time frame (say a week or a month). So, if you have heard in the news that the “USD is strong and is expected to rise” then long-term trades (such as with expiration times of a week or more) are an almost sure way to make money.

You can read more about long-term binary options strategies here.

3. Many beginners do not manage to choose the correct assets
This point is related to the first point, where many beginners trade randomly without any prior thought. Many brokers can offer several hundred different assets but this does not mean that you will have to trade on all of them.

Why should you trade on an asset such as RUB/JPY if you really do not have any idea how this currency pair will evolve in the future? Such a currency pair is also so low profile that you will not find many market analyses and news about it.

The same is valid in the case of stocks. Why would you want to trade on some remote Russian or Chinese company no one talks about and as such no one has a clue how it’s value will develop in the future?

What to do instead: If you are a beginner you should focus on high profile and mainstream assets such as EUR/USD, USD/CAD, Apple, Microsoft, Google, oil, etc.

This is because everyone is constantly talking an analyzing these assets and stocks. With a quick Google search you can find dozens of high profile and reputable publications that constantly talk about and analyze the development of these assets. You can then make much more accurate predictions based on this information.

4. A lot of traders trade at shady brokers
If you are a newcomer then you most likely have no clue which binary options broker is actually legitimate and which isn’t. You might browse the web looking for information of binary brokers and then later get bombarded by a lot of advertorials on various sites about some unknown and random broker.

You then will have no idea that the broker advertised is a random broker or not. You will then sign up and even if you do understand all the previous points in this article you will still lose all your money because the broker might simply steal it.

The truth is that there are indeed unfortunately many scam binary options brokers, as you could see in the article that I specifically written on this subject.

What to do instead: You should make sure that the binary broker you chose is legitimate and is not a scam. You should not register at a random broker on which you have no background information.

I have written an expensive guide on how to find the best binary options brokers. You can check it out and see what criteria I look at when I evaluate a binary broker. You should use the same criteria as well before you register at any broker.

5. You were taken advantage of by a scam binary signal
There seem to be many products and websites out there that claim to be able to help you make accurate predictions and then make a lot of money in binary trading. Beginners are especially susceptible to these products because they claim that they can help you make money without you having to do anything at all.

The truth is that the vast majority of such binary options signals are scams. The overwhelming majority of them only wants you to register at a binary broker they “recommend” because they broker will then pay them a marketing commission.

How to avoid this: You should understand that most binary options signals are nothing more than marketing scams and they do not work. This should be your premise before evaluating any such product.

If you would want to register at such a product, first the product would have to convince you that it is not a scam, as your initial premise will always be that it is. If you employ this attitude you will never have any problems with such fake products.

I have written a detailed guide on binary options signals. You can check this out if you want to find out how these products work and how to find the very few products of this kind that do indeed work.

6. You have invested too much per trade with a low initial deposit
This is probably the top 1 reason you have lost all you money. If you do this step wrong then you will lose all your money even if you avoided committing all the previous 5 mistakes together.

The idea is that binary options success is a thing of statistics. The reality is that anyone and at any moment in time will still have a certain number of unsuccessful predictions. This is valid even in the case of top-notch experts.

Your goal in binary options will be to have a winning rate that is high enough for you to be making profits. Since brokers usually offer payout rates around 80%, you will then have to achieve an overall winning are of around 70% to make money.

This means that on average you will have to accurately predict 7 trades out of 10. Now, it’s very unlikely that you will predict 10 out of 10. You will still have some unsuccessful trades from now and then.

The issue however is that these 3 unsuccessful trades out of 10 (this is just an example) could very well be your first 3 trades. Now, if you have deposited $200 at your broker and decided to invest $100 per trade you would have lost all your account balance during your first 2 trades.

How to avoid this: You should always invest in proportion of your deposit or account balance. As a general rule of thumb you should never invest more than 5% to a maximum of 10% of your total account balance on one single trade.

This means that if you have made an initial deposit of $200, then you should only invest between $10 to $20 maximum per individual trade. This puts you 10 to 20 individual trades away from going bankrupt.

If, however, you do employ the winning strategies described in this article and linked in other articles and do reach a successful prediction rate of at least 70%, then you will most definitely make money.

I have written a detailed article on how much you should invest per trade. Please definitely check this out before you actually start trading. This information is very crucial and can mean the difference between winning and losing.

Final words
I sincerely believe that all of these mistakes described above are extremely simple to fix once you are aware of them. If you are a new binary options trader and have come this far in reading this article then you are one step closer in becoming a winner.

I understand that this article in itself is already very long and you are probably tired of reading more. I however definitely advice you to read the additional articles linked to in this post. These will expand on the subjects discussed here and will teach you in detail how to avoid these mistakes.

Especially important is the article about how to correctly conduct technical analysis for beginners. Without understanding this, stay away from short-term options. In the meantime however you can definitely trade long-term options instead.

You will also have to learn how to find the best binary brokers before you actually deposit and understand how much money you should invest per trade in order not to go bankrupt. Finally, understand why most binary options signals are scams and how to find the few ones that are legit.

Thanks for reading this far and good luck becoming a successful binary options trader. source => http://www.optionsadvice.com/trading/why-do-people-lose-in-binary/

teeboy4x:


Decided to try something new on EURO pairs 2day

Please snap the whole window let's see if you are using a real money account

Long read...was worth it.
REGAL FX.

Binaritian:
Please snap the whole window let's see if you are using a real money account

like seriously, even if he is not using a live account but the knowledge is needed. What even makes you think its a demo account ? Do you think people don't trade with up to that amount or something, just curious and want to know ?

shalom123:
like seriously, even if he is not using a live account but the knowledge is needed. What even makes you think its a demo account ? Do you think people don't trade with up to that amount or something, just curious and want to know ?

Doing that will motivate many

Binaritian:
Doing that will motivate many

ooooooook...isalright.
REGAL FX.

Wow... Nice article. I'm advancing ooo

anybody has neteller to sell?? should be based in Benin or delta

Binaritian:
Please snap the whole window let's see if you are using a real money account

It's virtual money

teeboy4x:


It's virtual money

thanks for clearing the air...hope say no be the kind virtual when dey fit enter bank ooo. Humility and being genuine with truthfulness.
REGAL FX.

shalom123:
thanks for clearing the air...hope say no be the kind virtual when dey fit enter bank ooo. Humility and being genuine with truthfulness.
REGAL FX.

Thanks Boss...You can pm manwaysabi if you want to know how to withdraw virtual money

teeboy4x:


Thanks Boss...You can pm manwaysabi if you want to know how to withdraw virtual money

...lol
REGAL FX

Seem all the live trader bosses are busy this day

am bak again! @binaritian,u get jaree.anyway according 2 ur article,u encourage traders 2 trade weekly-monthly expiration rite? Nw if dey invest $200, nd trade as high as $20 per trade,perhaps lost 3 won 7,dat wud b a profit of around $50 in 10weeks.nw tel me is an uncertain $50 worth all d stress 4 dat long? Havin said dat,u may wanna include d fact dat 2 trade(bet) successfully one need a very fat accnt bt hw many can afford dat?