Online Trading - How To Make Ser - Unknown
Online Trading - How To Make Ser - Unknown
Online Trading - How To Make Ser - Unknown
Binary Options
Todd Williams
&
Jeff Roberts
Table of Contents
Todd Williams
Introduction
The purpose of this book is to show you how to make money trading Binary
Options. Binary Options are a popular investment instrument for trading
stocks, commodities and currencies. Trading Binaries is very simple and
straightforward; all you need to do is decide which of the two directions the
asset will move, up or down. The great new is that binary options have
quite a high profit potential.
Binary options allow even beginners the opportunity to succeed with
financial trading. Actually people that have minimum financial track record
can easily make money by learning how to trade options online.
This book features the in and outs of binary options as well as strategies
needed to achieve success in trading binaries - potentially earning a lot of
money.
Before we get too far, I highly recommend watching this video because it
will show you a Binary Option Software Program that guarantees you
money (and I am talking about A LOT of money) in 30 days. Click here to
take a look.
What Is Binary Trading?
There are several charts you could look at. Some are as follows:
- Line Chart- The line chart only provides the close price of
an asset on a day-to-day basis. This could be helpful in assessing
whether the price will increase or decrease the following day.
ADVANTAGES
Trade anywhere, anytime
Binary trading option makes use of an online trading platform that is
accessible via desktop, laptop and even mobile phones. This gives traders
convenient access and real time updates on his or her stocks. Even when
traveling, you can easily check up on your trading options and make
decisions on the fly. Assets included in binary trading are internationally
traded. This means that trading through this option is a 24/7 affair.
Minimal Investment
With binary trading most brokers allow their clients to trade with as little as
$1 in their account. You can start with a small amount; remember to only
trade using money that you can afford to lose.
Less Risk
Since only a minimal amount of money is required, you will only be risking
as much as you can afford. When you choose an option, there will always
be a potential for gain, and for loss as well. Keeping this is in mind will
allow you to calculate the risks and figure out an amount that you are
comfortable betting with.
DISADVANTAGES
No Time for Practice
Unlike traditional trading platforms where you can practice before the
actual trading, in binary trading no simulated trading support is given by
brokers to their traders. There may be companies that offer demo accounts,
but they are very few and far in between. Traders enter the market without
any practice. You basically learn as you go.
No Trading Tools
Charts and tools are not readily available for a binary options trader; you
have to put out a request for them. Technical analysis is also not available
for binary trading. Traders are kept virtually in the dark when using this
type of trading platform.
Tools, charts and technical analyses are important tools of any trader. This
can help predict a trend, when to stop or when to continue. Tools are
particularly useful when one uses the “touch options” – one-touch, double
one-touch, double no-touch, or no-touch. Chart analysis, technical analysis
and trending lines can help predict what values the asset can reach or what
values it will not reach over a period of time.
Legality issues
Some jurisdictions considers online gambling illegal, and they also happen
to consider binary options trading as a form of online gambling. So you
cannot really trade legally in some states.
Too many choices
Since binary trading caters to local and international assets one can be
overwhelmed with the choices. One cannot rely on the general movement
of the stock market for it does not reflect individual movements as well. An
increase in the stock market is not an assurance that individual stocks will
increase as well. 459 words
Spotting A Scam
The rule of thumb in binary trading is that when it sounds too good to be
true, then it will most likely be a scam.
What is a Scam?
A scam is defined as a dishonest way of obtaining money or anything of
value. A fraudulent scheme usually applies confidence tricks and
misrepresentations. They often promise a high rate of return bordering on
the impossible. This is more common in binary trading.
2. Bonus Scams - Bonuses are not necessarily bad things, and indeed some
of them are given. One should really understand the principles behind
deposit bonuses. Bonuses supposedly work both ways; the trader would
benefit so does the broker. A would be trader is enticed to join the trade
with an offer of an incentive. This incentive supposedly increases the
trader’s capital, giving him a longer string for his portfolio. A bigger capital
means an increased trading frequency. This is what makes bonuses work for
both trader and broker.
However, this scam makes withdrawing impossible or unrealistic.
Sometimes, for the trader to be able to get the bonus he must provide
additional capital out of his own pocket.
No risk? No way
A firm that promises no risks with their trade is not being honest with their
client. Everything is a risk. The goal is not to remove risk, but minimize it.
The first five chapters of this eBook covered the basics of binary trading.
Preparation is the key to success in this trade. And, of course it wouldn’t
hurt if one gets a hold of tips and tricks from the masters themselves.
Compiled in this chapter would be the top tips and tricks of this trade. Learn
it, work it and practice it. However, these are only supplemental. One
should practice due diligence when doing some of these tips
1. Avoid trading binary options when feeling emotional. This logic
applies to almost every endeavor of man. An emotional person is an
unreliable person.
2. Do homework. Make sure to view the graphs, the charts and all
the analyses for a long period. Try to define a pattern if any and learn
to interpret the signs. Do all of this BEFORE you begin trading.
3. The first sign of a win is all you need. Once the mark is reached
TAKE IT. Do not aim higher or let your stocks linger. You can try
doing it some other time.
5. If you are unsure about a trade, do not buy into it. Gut feeling
is not an option when trading. Choose your assets wisely. Although
new assets are tempting always choose first the most common.
Common assets are most likely discussed in forums more often and
through such discussion you can learn a lot. Use this information to
your advantage.
6. Start small and slow. Do not let a win make you feel
indestructible. Employ some sense of self-control. Be grateful with
what you earned and do not bite more than you can chew. Avoid
long-term binary options until you are ready for it. Choose an hour-
long trade or the shorter 60 seconds to maximize profit and minimize
risks.
7. Do not expect to get rich quick. A make rich quick scheme may
prove problematic in the long run. Again, this is a subject of careful
reading, analyzing and researching, not sheer luck.
8. Timing is an important factor in binary trading. One needs to
be able to act fast and should allot time for trading. Do not leave your
short terms open and leave while the iron is hot. Do not invest when
the market is volatile or jumpy. A jumpy market can cause great
profits, but as the same time great losses too.
9. Know all the strategies. Some of them are briefly described as
follows:
Trading with technical analysis – This strategy uses charts,
graphs and the likes. This strategy follows the principle that “the
market remembers”. This implies that what happens in the past
can happen in the present and will happen in the future.
I want to thank you again for downloading this book! I would like to give
you access to a great service that will e-mail you notifications when we
have FREE books available. You will have FREE access to some great titles
before they get marked at the normal retail price that everyone else will pay.
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Jeff Roberts
Table of Contents
The buying and selling of stocks originated from floor trading to phone
transactions. However, neither of those methods are still popular today.
Today, online trading (or E-trading) is the most common method for
exchanging stocks. Fast computers and high-speed internet have opened the
doors to this ease of access. These have increased the number of people
who can use it. Unlike before, you do not have to be rich to enter the world
of online trading. Even commoners can invest in stocks.
Online trading is very convenient. With just a few clicks, people can easily
participate in buying and selling stock activities online. In addition, the
process of registering is very easy. You only have to find an online platform
or an online broker to be able to start. Here is a systematic guide on how to
start online trading.
Making money is very easy in online trading. You place your order in about
a second and you can immediately reap what you have invested within
minutes. It doesn’t matter if sometimes, you lose. What is important is that,
the more you keep playing, the higher your chances of winning.
That is the reason why many online traders became online gamblers. They
keep investing and placing orders to earn a lot of money. The downside is
some online traders keep sliding down the slope – frequently placing orders
and eventually draining all their resources. These people become so
obsessed that they forget how to weigh their options and make wise
decisions. They have lost control of themselves. Adverse effects may
happen if they do not stop. They are not only putting their lives to waste but
they are also affecting the lives of their family members and friends by
always being unavailable and uncontrollable.
Passionate Trader
A passionate trader takes his or her time to think about the decisions to be
made. Every single detail counts so he or she is not careless in deciding.
This trader is also called the wise trader – aware of the options and the pros
and cons of the situation. The goal of a passionate trader is to make money
with the optimum possibility wherein risks and losses are avoided.
Trading Addict
On the other hand, a trading addict is someone who places their stocks
without analyzing the situation. If they feel like placing an order, buying
and selling stocks, they will do it – without any hesitation. It is as if they
are standing on a vast ground of sand. Nothing is permanent. If there is a
sand storm, they’ll be easily washed away by it without even noticing what
happened. They are blinded by their purpose, which is to easily make
money by taking high risk investments.
With these descriptions, you can’t really tell whether a person is a
passionate trader or a trading addict unless you closely observe how they
trade. However, the trading addict creates a situation wherein everybody,
including his or herself will soon be damaged.
At What Point Does Online Trading Become
Addictive & Suck You In?
There is a very thin line between online traders and online gamblers. Most
are trading to profit immediately without analyzing the market or the pros
and cons of their decisions. They are not only negatively affecting
themselves, but also affecting others as well. Sooner or later, they will reap
what they have sown – an evil seed that will bear an evil fruit.
Now, you need to know the signs of being addicted. The following is a
quick list:
You spend most of your time placing bets.
You do not do anything productive.
You cannot detach yourself from the computer screen. It is hard
to distract you.
You keep on placing bets without considering the consequences.
You enjoy the feeling of placing high-risk bets.
You bet because of impulse and gut feeling.
You love uncertainty.
You keep losing and still place more bets, not realizing how
much you have lost.
If you suspect that you are already a trading addict, then, continue reading
this book. The succeeding chapters will discuss different strategies to aid
you in overcoming your addiction to online trading and how to get your life
back immediately.
Powerful Steps To Overcome Online Addiction
As with any kind of addiction, you first need to find the root of the
addiction and stop it immediately. Assess yourself. Where did this addiction
come from? How did I acquire it? What makes me do it over and over
again? Think about it very hard so you can control yourself from doing it.
Here are some things you have to do before you start the withdrawal
process.
1. Take a time out.
Stop doing anything. Look for a place where you can sit and
meditate. A refreshing park will do. Find a place where there are less
people. A place where you can sit by yourself, think and talk to
yourself. In this way, you will be able to evaluate what happened.
2. Take a deep breath.
Before you start the withdrawal process, breathe and think of the
things you have sacrificed – family and friends. Think about the
things you have done to yourself. Did you become a good person or
not? Did you become productive? Are you happy?
3. Ask yourself these questions.
What happened? What have you done? What are the effects? Can you
still regain your life?
Of course you can still take control of your life. You merely have to be
courageous enough to fight the addiction. Have a strong mindset. Set goals
and aim to accomplish them.
Now that you have done the meditating process, you are ready to start the
withdrawal process.
1. Prioritize
What is most important to you? Is it money? Is it your family? What are
your values? What matters most?
Get a pen and some paper. Write a random list of things that you care about
the most. Is it your job? Family? Hobbies? Traveling? Making money? Be
as specific as possible so you can pinpoint what exactly you want. On a
separate sheet of paper, number it from one to ten and rank the 10 most
important things to you - number one as the highest priority. Post it near
your bedside or the calendar, or anywhere that will catch your attention.
This will remind you every day that there are more important things in life
than online trading.
5. Love yourself.
Pamper yourself by going to the spa or having a massage. Being too
dependent to online trading loses your sense of identity. By having some
“me” time, you’ll return to your old self soon.
If you can overcome addiction, it is a sign that you can regain control of
your life. Do not let the urge to trade hinder you from becoming a
successful person. Maintaining an addiction-free life may be hard but you
can do it by just holding on to your goals.
Here are the tips on how you can regain the control. Do these steps before
your life becomes lost.
1. Acceptance
You have to accept that you are in a difficult situation and you need a
big change in your life. The moment you realize this, don't let it slip
away. You have to make yourself believe - you needed to change.
2. Evaluate
After you have accepted the fact that you are really addicted, the next
thing to do is to evaluate. What have you done wrong? Is the
addiction really worth it? Are you even happy about what happened?
3. Set goals
Have a self-assessment. This is the time to talk to yourself. Evaluate
the things you have done. Now, do not dwell on the negative, but
rather, on the positive. You are just having a bad day, not a bad life so
do not feel bad about yourself. After this evaluation, set goals. In this
situation, change is needed so you have to see yourself 5 to 10 years
from now. How do you see yourself? Are still going to be an online
gambler? What are your dreams? Do you want to succeed in life?
4. Rebuild Intrapersonal
Now, it is as if you don't know yourself. Get a piece of paper and jot
down the bad habits you want to throw away, the positive traits you
want to retain, and the traits you want to develop. After you finish
writing, tear the part where you have listed the bad habits, throw it in
the trash. Retain your good habits, develop it and never forget it. It is
good to have a good talk with yourself.
6. Make a checklist
It is good to see a list of your goals. In addition, it is the best if one
by one you tick the boxes. Little by little, you see your goals are
becoming real. These goals are tangible. You can really do this. You
will gain confidence to yourself and you'll regain your life.
Life does not end in gambling. You have to be strong to overcome it. You
still have the chance to be successful. Do not lose hope.
Do not be controlled by your emotions. You should be the one to take
control of them. Online trading addiction is not a big dilemma. You just
have to be strong-willed to overcome it.
What is your attitude towards your goals? Towards yourself? Do you really
want to change?
You can still open doors for opportunities or rather opportunities are still
open for you. All you have to do is to acknowledge them and to choose
which ones will benefit you and your family. Choose the ones that are best
for you.
A New Version Of Yourself – Without Needing To
Trade
Now that you have arrived at this point, you are ready to face the future.
You are now free from the addiction. You can now live your life to the
fullest without anything holding you back. Start a new life and never ever
go back to trading again.
1. Do not rush.
If you have decided to go back to trading, do not do this immediately. Let a
year or two pass before you register to this activity again. After the
withdrawal stage, never do anything related to trading because this would
only trigger another addiction. Keep on striving to live a healthy life.
2. Make restrictions
If you have already scheduled the day that you will register and create an
account, make sure to make a list of all the restrictions you should have. For
example, you can only trade during after office hours. Set the highest
amount that you are going to invest so that you will not be carried away by
your emotions when trading. This is the best way to control yourself from
getting your old life back.
4. Be patient.
If you are really promising to be a wise trader, you have to be patient.
Placing investments without thinking will only drag your life down again.
Wait for the right timing. Let it stay in the market until it profits. Don’t be
paranoid that all your money will be lost. The market is fluctuating,
sometimes it rises, and sometimes it falls. So, you simply have to wait for it
to earn.
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BONUS: Free Books & Special Offers
I want to thank you again for downloading this book! I would like to give
you access to a great service that will e-mail you notifications when we
have FREE books available. You will have FREE access to some great titles
before they get marked at the normal retail price that everyone else will pay.
This is a no strings attached offer simply for being a great customer. Simply
click the link below to get started.