12 tips on how to lose money on binary options effectively
Judging by the number of articles "How to make profit trading binary options" and "How to earn on binary options", it immediately becomes clear that almost any trader in the BOO market is a dollar millionaire, or even a billionaire.
And indeed, as the living classic said, not only "everyone" can earn on binary options - the rules are simple and accessible, the entry threshold is quite low, the trading conditions are comfortable. But to lose all your money on binary options is much more difficult, it's just an art. And today we're going to give you some invaluable tips on what to do to lose money on binary options.
Tip #1. Always have to win back
Never forgive the market for your losses. You just have to wrest your profits from it. Each deal that closed in minus is a reason to open the next one with a bigger lot.
Tip #2. Get the Grail
Let shallow traders develop, test and configure strategies and trading robots. This is not the way for you. Be sure to find the secret indicator/strategy/advisor that all of Wall Street trades with and buy it. You don't even have to test it to make sure it works. After all, the seller said that it brings 100% profit per day, and the Internet will never cheat, everyone knows that. And be sure to remember - the more expensive the purchased indicator/strategy/robot, the better it is.
Tip #3: No Manipulation
Money management is just a trick. It was specifically designed by brokers to keep traders from making money. Forget about all the money management rules out there. Binary options giving a couple of dollars profit is nothing. That's not what you came into BO trading for. Only the maximum lot will give you the maximum profit.
Tip #4. Forget about fundamental analysis
You should always remember that there is no need for any kind of economic knowledge in order to trade successfully. You came to the market to make a profit, not to be smart. There is no need to understand the NonFarm Payrolls, the consumer price index or the FOMC interest rate decision. Just open economic calendar, look for indicators with three exclamation points (asterisks, heads, etc.) and open trades at the time of their release.
Tip #5. Money should work and you should rest
Superindicators, Strategies and Advisors? I have a better idea! We need to urgently invest your money in a PAMM account or give it to a trader for trust management. There are professionals, so let them bring you profit. Believe me, every successful trader or PAMM-manager does not sleep at night waiting for your $100.
Tip #6: The simplest way is always the right way
There is no need to overload the chart with indicators - it's unnecessary. Especially since all indicators are essentially the same, except for the secret Wall Street indicators. So, is it necessary to rack your brains by combining and tuning them? Of course not! Let the smart guys worry about it, and one indicator will be enough for you to earn money.
Tip #7. Don't be distracted by other work
If your main job interferes with binary options trading, then you should wonder if you need such a job at all. Don't hesitate for a second, quit your job. Only trading binary options will allow you to get rich by the next Monday and then live your life to the fullest.
Tip #8: Don't skimp on trade
You can't do without arithmetic. If you invest $10 in a trade, you will make a profit of $7. Is that the penny you came here for? You already know you have to put in as much money as you can. And where can you get it? Get a loan. Better yet, take two or three. Only then can you make more money.
Tip #9. Don't hold back your emotions
Emotions are a trader's enemy. This is yet another fake launched by binary options brokers. It is more profitable for them when robot-like traders restrain their excitement and greed by trading on their pennies. And you have to feel happiness from every deal you win and sport anger from every deal you lose. Only emotions will allow you to reveal yourself fully in trading.
Tip #10. Don't hesitate to choose a broker
Choose a broker for binary optionsIt's very easy, in fact. It's enough just to talk to these nice and understanding people to understand - this best broker in the world was waiting only for you. Just for you, they have a special offer to increase your deposit by 100 times, as well as the most successful trader in the history of financial markets. And negative feedbacks on the Internet are slander, machinations of competitors. After all, the broker can't really draw quotes and not withdraw money, right?
Tip #11. Trust analytics
Believe me, every day hundreds, if not thousands of analysts painstakingly study the markets to give you an opportunity to make money. You don't even have to look for anything - there are plenty of analysts out there. And if the analyst wrote that the pound sterling rate will fall, then it will fall like a sweetheart. There is nowhere for it to go, if the analyst said so, you do not even have to look at the chart. Trust analysts and experts. And in general, for whom sites place informers with trading signals? If you see that the informer gives an "urgent buy" signal, it means you have to buy, even if you have to.
Tip #12. Sign up for paid video lessons and webinars
Any psychologist will tell you that a successful trader can't sleep at night if he doesn't teach everyone who wants to trade profitably on the binary options market. A lot of experience presses on him, so to speak. And that's why it is necessary to share his experience. For ridiculous money. Be sure to help the man, give him the opportunity to sleep well! Sign up for a webinar, or you can sign up for several at once. Take a couple to eight training courses. By the way, the same principle works here as with the Grails - the more expensive the training costs, the more secrets that you will discover.
Of course, you have already realized that these tips are a belated April Fool's joke, although knowledgeable people say - don't believe anyone all of April. And if you want to make a profit in binary options trading, you need to remember these tips to never follow them. Or still some tips can be used, after all in the Internet they never cheat, right?
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