Finance Magazine

Binary Options of a Newbie in Trading

Posted on the 11 October 2015 by Binarytreasures

binary trading for beginnersMost newbie traders tend to dedicate a month into trading and then gives up on trading when their trades fail to be profitable. When getting into trading as a newbie, you will find that in the first week of your trading, the trades that you make are profitable. The problem comes when you think that trading is easy and all they have to do is to look at the market and place their bet. One by one, you will find that the bets that you make end up going in the opposite direction.

For this reason, out of every one hundred people who get into trading, ninety of them will leave it by the end of the third month. Out of the ten that have remained, four will leave by the end of the first year. The remaining six will “ push” till the third year. However by this time, three will have given up. Therefore, by the end of the third year, only three will still be active traders. These become the professional traders who will be making profits consistently.

This is why binary options trading signals came into being. It is a site that was started by traders who underwent the same problems that every new trader goes through. They decided to come up with a trading system that would ensure that even when you are a newbie, your trading would not need to stress you out.

The core ideas of the trading system

Firstly, one of the benefits that this trading system gives you is that it allows you to watch as a professional trader makes his bets. This way, you can also copy the trader as he makes the bets. It is called copy trading. By doing this, you can be sure that the bets that you make have a high chance of being winning bets.

Secondly, as a trader, you will also get multiple signals sent to you on a daily basis. These signals will be critical in ensuring that you make winning trades.

Thirdly, you get audio and visual live streams on a daily basis that will enable you to learn as you watch the professional traders trading. Fourthly, as a trader, you won’t have to download any platform so as to access these services. All you will need is to log on to the official site provided and you will get the live stream.

The pros and cons of the system

To gain access to the whole system, one has to part with a subscription fee of $97. This lasts for two weeks and has to be renewed. For starters, this trading system can be a great tool for you to learn more about trading. However, it may not appeal to the veterans in the trading circles. Their sample results also show that they are engaged in “scalping”. This rarely yields consistently profitable results.

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