Binary Options - BitcoinWiki
6. Set aside a fixed amount from your main income each month and use thiefproof binary options investments. Calculate how much you can put into your binary options trading from each paycheck. After this, make sure that you invest this amount every month. In this way, you have clear plan and boundaries, investing should not be a random thing you do whenever you feel like it.
Binary options is a completely electronic or digital method of trading, without any hassle and you can make huge profit in one day as the turnover is hourly. Another benefit is that there is no need for you to be a financial or economic genius. All relevant information is displayed on the screen and is user friendly, enabling you to make a decision.
Despite its simplicity, before use of this indicator in real trading I strongly recommend for some time to trade on a demo account. This will save you from possible negative consequences and helps you better get used to the indicator.
7. Invest with borrowed money only when you are sure that the expected return is better than what the loan payment costs will be . Some investment advisers forbid investing with borrowed money entirely. I’m not that severe. Investing with borrowed money can be a really good way to make a profit, if you know for sure what you are doing. If you are going to invest with loaned money, make sure you have a good plan and the assurance that the expected rate of return will beat the average loan payment costs.
9. Keep track of your wins and your losses. Analyze what happened, what worked? What didn’t? The best binary options money management advice is that you should always keep improving as an investor. If you lose, you should analyze what went wrong. Was it due to outside factors, or was it just a bad investment overall. Think what you are able to correct, and whether there is something which you can’t fix. Even when you lose, it does not necessarily mean that it was bad investment, it is very possible that you only had bad luck. If you win, think about what went right, did you do something better than everyone else or was it just pure luck. Consider whether you can reproduce the winning investment, and if you can, think how you can get an even greater return.
Only invest money that you can afford to lose. Although the intention is to win money, that is never 100% certain in investing. Therefore, never invest money in binary options that is intended for necessary expenditure such as rent, food or other daily expenses. Start with a small variance/ risk strategy, if possible. For example, when you are using the real robot(best binary option robot),you have the option to choose your preferred risk level. If you are novice investor, I strongly suggest you start with the lowest level. While rates of return and risk always go hand-in-hand, it still makes sense to start at a safe level rather than taking on too much at the beginning. Always start with a smaller bet than what you can afford. This may seem very similar to the first advice, but it’s actually quite different. When in the first instruction you were advised to avoid betting money you can’t lose, here you are encouraged to start with small investments. Binary Options multiplier options trading is not gambling, you should not make large bets for the thrill, the goal should be to learn to invest profitably, and then increase your investments accordingly. Invest to earn money, not to bring excitement into your daily life. For some, investing with play money or demo accounts can be the best option, I myself, prefer to have real money in play, even if the stakes are small. Always go for the most cost-effective option. Compare the available options and always take advantage of the best offers. This is particularly important, when choosing broker sites. It is extremely important that you create accounts with more than one broker so you can take advantage of the best bonuses and invest through the broker with the best returns. The easiest way is to open accounts through the robot all at once, but you can also do this individually by opening accounts on each broker site. You should have a deposit in all your accounts (a couple of hundred in each) so that you are able to take advantage of any opportunity that arises quickly. For beginners, it is enough to have five different broker accounts. Good trustworthy broker sites to start with include Option, Banc, Bloombex Options, GOptions, CherryTrade, Option 888 and Interactive Option. Do not withdraw money from your investment account unless you have to. If you’ve followed the first four points, then you should never need to withdraw from your investments account to cover daily costs. It is best to re-invest the money you have won, your skill-set will grow and you will make better investment choices the longer you trade. By re-investing winnings, you should be able to raise the stakes and increase the value of your investment portfolio at a faster pace. Gaining you the so-called compound effect meaning your wealth grows even faster. This is one of the most effective ways to get rich and gain a major fortune, so don’t spoil it by withdrawing money from your investment account too early.
