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Tips for Successful Binary Options Trading


Becoming a binary options trader means tackling a wide subject. Especially for new traders without any prior experience in financial markets it is sometimes hard to know where to begin. – PowerPoint PPT presentation

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Title: Tips for Successful Binary Options Trading

Tips for Successful Binary Options Trading
1-Understand the Binary Options Market and
  • Binary Options are considered all or nothing
    options which mean that an investor will receive
    a payout nearly 1.7 times the notional amount
    that is wagered or nothing.

2-Find a Reputable Binary Options Broker
  • Finding a reputable broker in this space takes
    time and research.  There are many players in
    this new industry, and investors need to find
    brokers that have staying power and solid
    reviews.  The brokers in this industry take the
    opposing position on each trade and do not lay
    off their risk.

3-Find a Robust Binary Option Trading Strategy
  • To successfully navigate the binary options
    market, traders need to win more than they lose. 
    A trader needs to win approximately 55 of the
    time to break even, which means the Binary
    Options Strategy that is employed needs to focus
    on winning more as opposed to gain more on each

4-Trade Daily Binary Options
  • In general, short time horizons work against
    traders.  Hourly binary options (and shorter
    periods) work against an investor given that the
    broker receives a 15 commission in the form of a
    bid/offer spread (payout out 70 for every 85

5-Have Realistic Goals
  • Binary Options are excellent trading tools, but
    they are not the panacea toward getting rich
    quickly.  Binary options are simplified  above
    or below options in which an investor just needs
    to pick a direction, but underneath the hood,
    these products are relatively complicated and
    enjoy significant leverage.

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