Binary Options – A Stable Income?

Most of you who are reading this article probably have a job and you are bored to death by the monotone activities you are required to do each day. So, because of that, you would like to work something that is more challenging and more flexible.

Binary Options Revenue

One of the key features of binary options trading is that it gives you freedom. You are not required to work for a boss, you don’t need to go to the office, you can work when you want and the potential for profit is unlimited.

Now that we mentioned all the good stuff, let’s move on towards the bad stuff.

Even though binary options trading could be profitable, one key issue most of you do not understand is that it won’t be too wise to rely solely on the potential profit you could generate with binary options.

Our advice for you all and this thing does not apply just for binary options traders, is DON’T RELY ON A SINGLE SOURCE OF INCOME. Find at least two activities that can generate revenue and if you truly want to get involved in binary options trading, have at least one other source of stable income.

 

binary options trading

Source: http://binaryoptionexpert.com

Why is that?

Because trading is not a stable source of income. You will have periods when you will make money and some periods in which you will lose money. If you have kids and a family that need to be fed, those periods in which you lose money won’t be too nice.

To conclude, be diversified and don’t rely solely on binary options trading. By having the risk spread, you will avoid being hurt by a losing period.

Risk Warning and Disclaimer

Trading binary options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in binary options you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. 


Mindset and Binary Options Trading

When it comes to binary options trading, you should take into account that mindset plays a major key, as it is with trading any other financial contracts. It is not enough to have a good trading strategy and to know the binary options terminology. You also need to be aware of the fact, that what’s inside your brain will influence the performance you will have.

trading mindset

Source: https://www.bettertrades.com

Your brain and binary options trading

Trading binary options is not a physical activity and the main tools that you will use when making decision is your brain. We mentioned the word “tool” because you will need to train your mind in order to serve you well and enable you to make good trading decisions.

Understanding that your mind will play a major key when it comes to binary options trading, is a big step to being aware of the mistake that you make, taking responsibility for the results that you had in the past and finding solutions to those bad things you have done.

Blaming your  binary options performance on the broker (even though there are some scam brokers out there) won’t change the situation for the better.

That’s why we try to emphasize the fact that mindset plays such a major key when it comes to your performance in binary options trading.

By knowing and mastering these psychological aspects of binary options trading, you could be one step ahead of those traders who are stuck and who are not managing to profit on a constant basis.

Risk Warning and Disclaimer

Trading binary options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in binary options you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. 

 


Trading Binary Options Part-Time

There are some of you who would like to trade binary options, but have one issue: they have a job that takes a considerable amount of their time. The goal of this article is to give an answer to those of you who would like to continue working on their job and also get involved in binary options trading.

binary options

Source: binarybettingguide.org

How to trade binary options and also have a job?

Well, since with binary options trading you have a variety of order types available, you could pick up the ones that will fit your schedule. The 60 seconds binary options order is a good example of that type, since it allows you to profit from short-term movements of price, while also it does not consume too much time. However, you would still have to dedicate some time for technical analysis and fundamental analysis of the instruments you are wanting to trade.

The second feature which you could exploit in order to be able to trade binary options part-time is mobile trading. Most of the brokers offer android and iOS compatible trading platforms, so trading while you are outside of your trading desk becomes possible.

Although you have some options for trading part-time, you need to also understand that binary options trading requires work and you will still need to dedicate around a few hours each day for it. Don’t think that you will just open your trading platform two or three times a day for a few minutes and that’s it – money will flow into your account. You still need to put it the work to have results and having a job is not an excuse.

Risk Warning and Disclaimer

Trading binary options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in binary options you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.


Common Mistakes Binary Options Traders Make

When it comes to binary options trading, people face a lot of troubles and the reason for that is a totally wrong approach to this activity. We’ve designed this article in order to make you fully aware of the most common mistakes usually beginning binary options traders. Hopefully, the information included in the article will make you more responsible and will also determine you to start developing new trading habits.

binary options

Source: http://bestbinaryoptionsbonuses.com/

Overleveraging – one of the most common mistakes binary options traders make is the excessive use of leverage. Now don’t get us wrong, using leverage can be helpful, because it enables you to trade a higher volume, even though you have limited capital available, but you need to have a limit when it comes to that. If you open a 100$ account and use a 500:1 leverage in order to trade as much minilots as it can be possible, then the chances of you losing your entire account in just a few minutes, is very high.

Ineffective trading strategy – when trading binary options, you need to understand that the odds are in favor of the broker. Why is that? Because, if you place an options, let’s say for EURUSD and you are right and the options turns out to be profitable, you will make between 80 and 90%, depending on your broker. And if you lose, you will lose all your money at risk. You need to design a strategy that will have a high accuracy in order to overcome that obstacle and manage to generate profits.

With that being, these are the two most common mistakes usually binary options traders do and if you take them into account and manage to find a solution for each of them, you will most likely be one step closer to being profitable.

Risk Warning and Disclaimer

Trading binary options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in binary options you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. 


With-trend trading vs. Counter-trend trading for Binary Options

One of the biggest questions binary options traders ask is whether they should always trade in the direction of the dominant side of the market, or if counter- trend trading is also an alternative.

The answer is that both can be effective and this article will focus on the advantages both alternatives can have and when you should them when trading binary options instruments.

binary options trading

Source:http://binarysignalsapp.com

With-trend binary options trading

Highly effective, especially if the market has a well determined directional bias. The big advantage of this is you are putting the money where most of the market participants are also, so the probability of ending up with profits is higher. Since you are trading binary options, by going with the “flow”, you are most likely to hit a winner, as the price can end up higher when you place a call option in an uptrend, or it can end up lower, if you place a put option. Also, the time frame is very important. If the trend had been going for several days in a row, placing a longer term option can help avoid price corrections that might intervene. If you want to place a short-term binary options, placing it around strong support/resistance levels can be highly effective.

Counter-trend binary options trading

Most of the time you should be trading with trend, but as you know, the market will turn at some point in time and the trend will reverse. Counter-trend trading is very effective when you spot that the market is very likely to reverse or, if you spot a strong support/resistance area in front of the trend, where the counter-trend players might see an opportunity to get in.

Also, news trading, when it comes to headlines that don’t support the overall trend in the market, could represent another opportunity for counter-trend binary options trading.

Risk Warning and Disclaimer

Trading binary options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in binary options you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.


US Dollar Index Sinks Following Weaker Retail Sales

US Dollar Index weakened on Friday following lower than expected Retail Sales figures for the month of August. Binary options traders might have been profiting along the way down, since the price moved lower by 80 pips. There had also been new rising tensions, triggered by a new missile launch over Japan by North Korea, which raised again concerns that the situation might escalate again further.

August Retail Sales MoM down to -0.2%

Even though the market expectations were around 0.1%, the actual figures turned out to be much worse, at -0.2%. Also, the July numbers had been revised lower, from 0.6% to 0.3%, adding extra pressure on the US dollar index quote.

US Retail Sales

Source: www.fxstreet.com

 

Looking at out chart above, you can see that the Retail Sales are in a downtrend since the start of the year, as each low had been followed by a swing high and then a lower low. This suggests a weakening in the underlying numbers and also that the numbers could continue to underperform in the upcoming months.

Binary options activity might be intense around 91.80 and 92.26 resistance levels, since they represent strong selling areas where sellers might react pretty strongly. If the price will continue to weaken further, it might head towards 90.84 support, where the recent upward leg started to build up.

So far, there are no positive news that could support the upside and we expect the downside to extend lower as long as pressure will continue to mount. We also have the Fed meeting this week and investors might look for new hints regarding a new rate hike until the end of the year and also, a guide regarding the reduction of the Fed balance sheet.

Risk Warning and Disclaimer

Trading binary options on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in binary options you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.


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