The most typical mistakes of newcomers - traders in the trade in binary options

Among the traders there are more and more people who want to engage in binary options. The simple use of these tools, a high level of profit in a short period of time helps to attract both professionals and beginners. They think that you do not need to study very complex theories of currency trading or directly. Each financial trade needs to study in order to work out their strategy. Without certain mental efforts, it will not be possible to make a profit.
What mistakes do traders make - newcomers selling binary?
1. Moving that special knowledge in this type of trade is not required. Only
It is necessary to predict: in which direction the price will go, then press the button and wait. First you need to master, at least, basic knowledge about what the asset prices of the presented option are made up of. This will reduce the risk of failures. It is best to have a spent strategy for Forex. The forecasting skills obtained there will help increase profits, and minimize losses.
2. Barrow options can be compared with the casino. Those who are convinced that the instrument is a “bet” - is mistaken. There is a small similarity. No more. Here are not a bet that depends on the will of Fortune, but a clear thoughtful strategy developed thanks to the analysis of the exchange tools. Fans of "acute sensations" receiving adrenaline from the game, who are in constant anxiety and anxiety, are better not to engage in this activity. You have to be calm, think through every step, analyze the situation without treating trading, as a game.
3. It is not necessary to think that short -term binary options are profitable. It is tempting to purchase an option contract “60 seconds”, and in a minute to make a profit of 75%. You must be prepared for the fact that at such small time intervals it is not very much and just to make a profit. The noise of the market is capable of, over a fraction of seconds, to turn a profitable contract into a loss -making.
4. As soon as the profit is made, this can cause euphoria among inexperienced players. Having made, for example, 10 profitable deals, he begins to want to make a big profit. Its goal is to acquire an expensive contract. We must remember: maybe 11 transactions become unprofitable. This does not necessarily happen. But the cost of the contract is better to increase, attracting up to 5% of the deposit. Only then can we hope for a stable profit Do you want to bet on sports in India? Go to rajbets.com ! This is the best bookmaker and casino in India, with nice bonuses for registration