To learn binary options trading is definitely a challenge that can leave you with some nights with less sleep. Take it seriously and find out what all is needed in order to become successful trader of binary options. Do not try to take some average road and buying signals, the best is to learn it for yourself since no one can take that away from you. You have to commit, it is not easy since if you want to learn a new skill you will neeed to learn on daily basis for several months and the more you will make it a routine and the more time will pass, the better you will become. There will be a struggle in the learning process but at the end it pays off.
WHAT YOU WILL LEARN HERE:
- First challenge of what are binary options?
- Second challenge of fundamental analysis
- Third challenge of technical analysis
- Fourth challenge and keep it together
Challenge, pressure or struggle – these are just few of the things that will make you actually better. No one beame better being lazy and in comfort zone. You have to try, to become better and you will see that it will also affect your every day life as a human. It is only logical it works like we have described it, that with challenge you become stronger. Imagine that you get something easy, there is no challenge in that when some people have to struggle for the same thing. But when you go yourself through all this, you will know you will be grateful.
There is alot of obstacles in the way to trade binary options. But these obstacles can be taken down, one by one, with our help here with in the zone. Since you can learn here more about what really is binary options trading. The challenge is something that you need to make a commitment to it, personaly but you can have help such as from this website.
FIRST CHALLENGE – WHAT ARE BINARY OPTIONS?
It is obvious since this is a new niche there comes most general question – what are binary options. Binary options are actually a simplified financial products that are based on assets, indices, currency pairs and commodities that are traded on the market. You have only two outcomes when it comes to trading binary options and these two are simple, win or lose. Basicly what you have to do is to determine if the price of the asset you want to trade is going to be upa fter the expiration time is over or down. If you win, you get the predettermined profit and if not you have lost your inital investment. You also have few different binary options for trading such as high or low, range, one touch, 60 seconds, etc.. Each is similiar and different from one another. You can read here in more depth what binary options are. You can even check our school section where we try to learn you from start to finish.
SECOND CHALLENGE – FUNDAMENTAL ANALYSIS
Next challenge on the list we have is fundamental analysis. This is basicly a research that you have to do on daily basis in order to know what is going on with the market and the prefered assets you wish to trade. It all depends on what you wish to trade, if it is currency then you have to focus more on bank policies or interest rate while if you like to trade stocks you should keep up with latest news of your company. This is basicly analysis of how they are performing in our real world.
THIRD CHALLENGE – TECHNICAL ANALYSIS
After the fundamental we should not forget the important technical analysis. This is where you need to check charts of the prefered assets and their price actions. If you study charts and apply the knowledge from the past performances of the chart, you can soon see there are some patterns forming. But traders have different strategies for that. You do need to make sure to do this part good since you can predict if you will be in profit or not with technical analysis. Here comes the challenge and struggle since you need to learn on how to do all of this and apply it. To make sure you are doing good is to recognize and identify the signals for trading from the charts you are looking at. The technical and fundemntal analysis can and should work hand in hand.
FOURTH CHALLENGE – GO GET IT!
This is the end and when you are here, you are almost done since what you have to do now is to put everything you have learned together. It definitely is not easy as you have probably seen around internet when they try to sell you some money making systems. Just think, if it would be that easy, then we would all be rich while the reality is that over 90% of traders lose their money. So doing this fourth challenge is hard since if you want to be a consistent and profitable trader, you will need to learn to do this. Until then you should keep practicing and learning with us.
Make sure you take this as a learning process and that nothing comes over night. You can not become rich with trading binary options or anything else. If you put every day few hours to learn on how to trade binary options and learn the process and everything included and make it a routine, you will be able to become a good trader and make profit at the end.