How not to trade binary options

We are covering everything from a start on how to trade binary options, what to focus on, what brokers are good and can be trusted, what strategies and tools you should use but let us focus on how not to trade binary options here. Some people even think that wearing certain type of ring or bracelet or anything like that can give them better chance of winning while it is only them who can do that. Because binary options trading is not based on some random events or moving planets or anything like this. It is purely based on dedication, patience and focus you show and give.

how not to trade binary options

LUCK IN BINARY OPTIONS

There is alot of methods that are alternative and people trust them becuase it gives them an extra security. Within that we have lucky charms, they can do some rituals or go to astrologer. There are other aswell. This kind of tactics may only imporve your psychology level it has nothing to do with actual trading since these are superstitions. If you check online on wikipedia, they say luck is:

The definition of Luck (or chance) varies by philosophical, religious, mystical, or emotional context of the one interpreting it; according to the classic Noah Webster’s dictionary, Luck is “a purposeless, unpredictable and uncontrollable force that shapes events favorably or unfavorably for an individual, group or cause”.Yet, the author Max Gunther defines it as “events that influence one’s life and are seemingly beyond one’s control”.

As you can see luck is beyond control and it is something you can not affect by only desire. You are basicly waiting for a miracle to happen, in this case luck that will bring you profit because you are wearing your lucky underwear for example. Even if you did have a lucky strike, it was because of yourself not pair of undies since luck does not know what is good or what is not. As you can see now, luck is something that is totally random. If you think and focus you will see, everyone from time to time wishes for some luck even though we all know how the world, real world works.

ASTROLOGY IN BINARY OPTIONS

Ok, so maybe if luck does not ahve anything to help you out as a trader then astrology definitely can, right? Wrong. You may know that astrology is actually based on time and that is why the assumption that trading and astrology should go together really well. If you do not know what astrology is, you must read this first:

Astrology consists of several systems of divinationbased on the premise that there is a relationship between astronomical phenomena and events in the human world. Many cultures have attached importance to astronomical events, and the Indians, Chinese, and Mayans developed elaborate systems for predicting terrestrial events from celestial observations. In the West, astrology most often consists of a system of horoscopes that claim to explain aspects of a person’s personality and predict future events in their life based on the positions of the sun, moon, and other planetary objects at the time of their birth.

There were actually some trading system based on the astrology but they are not working in long-term as expected. For example, astrologist are prepared to create you a chart for each company you want to trade so he can tell you then when its the appropriate time for executing the trade. There are other methods aswell but there is no point no revealling such things because this is not possible. This is something you have to learn and do on your own. You are the luck creator.

FINALE

You saw that luck is something random and relying on astrology is also not gonna work but you can always relly on yourself. You just have to practice and dedicate yourself to this. It is not easy but it will work if you will learn hard and start practicing. To make your own luck is basicly that you put yourself on the right spot at the perfect timing. If we do example in binary options, this would mean that you would know for earning announcement and you already did your reserach and anticipated in which direction it will go. That is how you create it!

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