Systems Reviews – How To Create Free Binary Systems That Make Money

Common Mistakes of Beginners- And How To Fix Them

When a beginner goes in unprepared trading binary options, the broker will feast on them. New traders often make mistakes such as taking way to big a position for one trade, taking a bad loss, and then staying way to small the next 5 times.

They may even experience winning easily on small trades, but they never make back the big loss. New traders take way too many trades, let emotions control their trading, and don’t have the self control to stay out of low percentage trades that they know have small chance of making them money.

After knowing all the pitfalls, why would a new trader ever decide to open a binary options account and become a trader? Well, they do it because they have the power to win systematically if they have some intelligence and a plan on their side.

A new trader needs to understand the most common pitfalls, otherwise they may not even know that they are making a mistake while they do it! With that in mind, here are the most common mistakes new traders make, with what they should do instead.

1. Not taking every trade with a purpose. Beginners often find themselves taking trades based on a feeling, or out of boredom. This is a surefire way to make a broker rich. Never enter into a trade without a defined thesis as to why you are doing it. Think the trade over rationally before entering. Is your thesis really valid? Is it strong? What do you estimate the probability of winning given your experience? Are you hoping for the best outcome or considering the most likely outcome? Make every trade count.
2. Letting emotion influence – when a trade is entered into, or how big the size of the trade becomes. Never let emotion influence your trading. Good or bad it will never help you. Trading is for cool rational thought, striving to systematically take profits.
3. Taking way too big sized trades: Understand that you are going to have losses along the way. Even the best professionals do. Never let one trade significantly affect your account balance in a way that would affect your future trading. A good rule of thumb is never to take on a trade bigger than 1/15 of your total account value. With binary options I would recommend 1/20.
4. Not learning from mistakes and repeating them over and over: Keep a trading journal as we have recommended before. Jot down a quick sentence or two whenever you learn something new. Do whatever you need to do to prevent yourself from repeating mistakes.
5. Becoming frustrated and quitting right before you get good: The difference between making a lot of money systematically and losing money can be very narrow. Don’t let frustration keep you from realizing your ultimate goal. Understand that there will be lumps along the way, but there will also be victories, and the lumps make the victories feel so much sweeter.

How Beginners Can Make Money

Even with so many ways to mess up, beginners to binary option trading can make money if they work hard and follow a system. The key to binary options trading is to control risk. As a result, a trader can never lose too much money on any particular trade. Hypothetically, a trader has a 50% chance of being correct on any trade whether they buy a call or a put option. To make money, a trader only needs to be correct on about 60% of trades of the trades that they take. This means that of the trades that a beginner with absolutely no edge (an edge is something giving a trader a better than random chance to make money) would take, they need to figure out how to turn about 20% of them into winning trades.

Binary Options – How Much Can You Make?: This is not a simple question. There are certainly traders who make a living with binary options. You could make thousands of dollars every month. However the best is if you start with lower expectations. Making hundreds of dollars steadily is a good way to start.

Here are possible ways that any beginner can easily do this:

1. Use a signalling service. While most are not are not going to give a trader a significantly better than random chance of making money, they still should tilt the odds into the trader’s favor. This is all any trader can ask for. There are paid services out there such as elite trader, but even a free service from a site like barchart can give you the edge you need.
2. Learn to use technical indicators. Technical trading involves using strictly price action (price charts) to predict future movements. There are a lot of indicators out there, but some of the most common ones involve using moving averages. Examples of popular indicators are MACD, relative strength index, and bollinger bands. If you can find an indicator that works well for the security you are trading you can gain the edge you need in order to turn some of your would be losing trades into winners.
3. Trade stocks before trading binary options. Stock trading is less volatile for a trader’s account than binary option trading as long as the trader does not use leverage and sticks to securities priced over $5. If you can figure out how to be correct on more than 50% of your stock trades, you can take what you learn and apply it to binary options to multiply your earnings power.
4. Track your performance in each binary option security. Most people will be better at trading some stocks or commodities or currency pair than they are at others. The simplified reason for this is that each particular symbol will move differently than the others because each one has its own characteristics and traders involved in moving the price. If you find a handful of option trades that you are consistently profitable in, stick with what works and increase your size. You don’t need to waste your time and money on unprofitable trading.
5. Buy the right option length for your trading style. Some trading styles will work better over very short term trades, and some will work better over trades held for a long time. Know your style and the appropriate length option you should buy. A value investor for instance would not be sensitive to price changes over a 1 minute option, but may be correct on a super high percentage of trades over a 6 month period.

Binary Option Trading Is Not Easy For Beginners

The problem with this dream is, how often does this really happen? Let’s just say a lot of brokers would never be in business if it happened very often that beginners made money.

Above all, beginners have dreams of being smarter, better, and luckier than everyone else who has every done something, but the harsh reality is that trading in any form is not easy.

Especially when it comes to making money from trading, it takes hard work, dedication, and a commitment to learning. And when I say learning I don’t mean just reading a couple articles, I mean actually learning from your wins, from your losses, from hard earned experience. As a result never take a trade and learn nothing from it, especially as a new trader.

What Our Readers Asked

The short answer is yes, you can make a lot of money trading binary options. However it will be very hard to do so if your initial deposit is low. Always keep in mind that binary options is risky and you could also lose money.

A binary options broker makes money when you lose your trade. This is the main reason why there are not fees when trading.

Yes, many traders have success with binary options trading. You can even follow some of these traders. In order to do so, pick a broker that offers social trading. This way you can pick your favorite trader and copy their actions.

Do We Recommend New Traders Even Try Binary Options?

Of course! Every successful trader was new at some point. Just because a lot of traders go into trading without educating themselves or having realistic expectations doesn’t mean you will as a new trader. In fact, since you are reading this article you almost decidedly will not. At How We Trade our job is to prepare new traders for success. So move forward knowing you have a strong ally in us!

Interested in opening an account? Check out our homepage for the best trading platforms, along with our top rated binary options brokers.

IQ Option – Best Trading Platform

IQ Option is a trading platfrom that is regulated by CYSEC. It is the best trading binary options broker on our website. It’s a perfect pick for new traders.

• Trusted CYSEC Regulated Broker
• Minimum Deposit: $10 (Lowest In The Industry)
• Free Demo Account

How to Make Money Coding and Programming From Home?

by Alex Y · Published · Updated

As the business of IT is developing in the world, the value of programming skills is increasing continuously. What’s truly exciting about this is how the internet has created economic opportunity for a single programmer working alone. Do you want to know how to make money coding and programming from home? In this article, I am going to share with you some ways of making incomes from coding and programming.

How to Make Money Coding and Programming From Home?

#1 Freelancing

Freelancing is no longer a new term to most of us. Many people get to work at home for money without committing to any long term business or agency. This seems to become very popular over the years due to the advancement of technology and internet connections. There are several other reasons why people prefer to do freelancing:-

• You get to work on areas that you are passionate about. It is always more motivating to do things that you are interested in.
• Flexible work schedule and venue. You can work as you travel. Most people do freelancing as they wish to spend quality time with their loved ones at home.
• You can maintain the relation with your client by doing appropriate interaction. It can also be a long term work relationship.
• You could potentially make more money than your 9-to-5 job as you earn good reputations.
• You can be your own boss. The boon and bane. You can take only the jobs you really like, and there is a greater variety of projects than in a fixed developer position.

There are several platforms on the market that you can become a freelance programmer. Some freelancing sites like the followings should be on your list:-

Tips for Freelancing

Do what you know. There are many programming languages out there on the market. When you do freelancing, you should remember that clients pay you to solve problems. You are not paid to learn new tools and languages. It is always good to expand your programming skills to learn other languages. However, you should only bid for the job that you are confident with.

Don’t do everything. People often have wrong mindsets when it comes to freelancing. They think they can earn more money when they receive more work order. It is essential to stick with your competencies and prioritize only the work that will help to bring in more assignments. Do a good job, leave your clients happy, work with other freelancers and develop a network of people who will recommend you and send work your way.

Don’t subcontract. You should work with other freelancers and don’t subcontract your work out. The reason being you will need to spend as much time explaining the project and review someone’s work. You will not earn much by subcontracting your work out to the others. If you receive a lot of work, you can try to refer it to other freelancers who will return the favor in the near future.

Do use a contract. If an existing client comes back to you for some new jobs, remember to always use a contract on every project. All you need for the time being is a general agreement that covers some basic, yet important terms that both you and the client need to agree upon. In its simplest form, your contract terms should cover:

• The work that you produce is original and not plagiarized.
• The client’s proprietary information stays confidential.
• Your payments terms. (How much you’ll get paid and when during the process.)
• That once the client accepts the completed work, they accept full responsibility for any further processes in which the work is used (e.g. printing, putting logo to use, etc.)
• You and the client have the right to terminate the services, and what that entails for you both.

If you need a reference, you can download some sample contracts from Elance.com.

Do get a down payment. One of the biggest issues you hear about freelancing is not getting paid on time or getting stiffed by the client. Hence, it is totally fine to ask for 30% to 50% upfront before you start any work and make this very clear to your clients prior to any work execution.

Do invest and save your earning. If you’re serious about freelancing, then start separating your income and save. For every dollar you make that’s business related, you can split it up like this:

• 12% to business (for business related expenses)
• 16% to business taxes
• 12% to personal savings
• 10% to diversify your long-term investment portfolio
• What’s left over goes into your personal checking for living expenses

#2 Make Your Own Website

This is another great way of earning money with programming. You can make your own website and share your programming ideas with suitable tricks and tips. It can also be a blog website.

What are the benefits of having your own website?

• This is one of the easiest ways to earn money on programming. There are a lot of young programmers in every city. You could offer a webinar through your website or real life classes by advertising your services on your website. I can guarantee you that there is someone out there who would pay for your programming skills.
• You do not need to be a programming Guru who knows everything. You do not have to, you just have to know about the basics to teach it. Of course, it will be great if you are an expert.
• You can also share your portfolios inside your website for attracting the visitors and easily earn with Google Adsense.
• Advertisement- You can sell link or banners on your websites once you get some traffic.
• If you are more talented then you can start you own social networking site, but you must have a unique idea with a mind blowing design to do that because there are a lot of competition in the social networking market.

I already mentioned that you can use the internet to provide your programming services. However, you need to get people to notice your services to start off with.

That’s why making your own website is so powerful. When you build your own website, you have the chance to promote it yourself and to make sure that people find it when they search online. As you can see, once you have your own website, you can do whatever you want. There is more than one way to make money coding and programming from having a website.

The process also involves relatively little monetary investment (domain and hosting), which is great for getting started. At the same time, you don’t have to be the best programmer in the world to make money this way. After all, you’re using the website itself to get people to see programming information and tips. When people find your site valuable to them, you will eventually get some work orders and request for online training courses.

There are several advertising and monetization options, and your website, target audience, traffic volume, and visitor behavior will determine which options are the most reasonable for your particular website. Here in this infographic, I outlined some monetizing options to allow your website to generate revenue, whether you are trying to turn your website into a profitable business or just cover some of your operating expenses.

My personal experience tells me that monetizing a website is a great opportunity to generate steady residual income.

With several monetization options, it is a good idea to try several and then stick with the ones that earn you the most money per visitor. With all of the analytical and conversion data available you will be able to determine exactly how much each visitor is worth. Some of the most profitable websites have multiple income streams, so don’t be afraid to test several to determine what results in the biggest return for your site.

My all-time favorite is affiliate marketing because it is an effective way to monetize your website traffic because it allows you to present your visitors with offers (online courses, programming books, and etc) that they are likely to be interested in. You would place a banner or text link on your website that contained your affiliate link and directed the visitor to the offer.

Now, if they signed up for the particular offer, which in this case is a credit card, you would be compensated with an affiliate referral payment. Some credit card offers pay out $50 – $100 for every referral an affiliate sends.

Some affiliate programs you can participate include:-

Tips to start your own website

Don’t try and do all of these at once and make sure you give it some time to see results. No one is an overnight success and you need to see what will work for you and your audience.

The best way to get started in this field of online marketing and selling is with proper training. There are a lot of training options out there but many of those have the disadvantage of being low quality or incomplete. One particularly good choice for training in online marketing is a site called Wealthy Affiliate. This was actually where I learned most of what I know about making money online and I’m still an active member of the community.

It’s the perfect place to learn about making a successful website and it doesn’t even matter what you want your site to be about.

#3 Develop Games and Make Money

Game developing is a department, where a lot of programmers come and make money with that. If you also got this type of unique talent, then you can try your luck here to earn a decent income from it. It also depends on your taste and interest in a particular field. How do you do it?

• You can develop your own games and sell it on half.ebay.com and Amazon.com. Xbox games are preferable choices here for buying and selling.
• You can easily develop Android/IOS games and sell them in the market.
• You can make your own online game and earn money with Google Adsense. Google Adsense program for online games was started in the last quarter of the year 2008. This is AdSense product from google which allows you to display ads in between the game’s one level completion, starting the game or after finishing the game. Like google ads on websites, advertisements on online games are just like the same. Video ads, image ads or text ads can be displayed on your online game. By doing this you can earn huge money from Google Adsense.
• You can sell your games online on Fupa.com, which provides you a great opportunity to get money.

#4 Develop a Trendy Application

It’s not a hard work for a programmer to develop a trendy application and sell that in the market. You can also do that by selecting application development sources. There is various media present in the internet world for making this process easy.

As an App programmer, if you are lucky enough, maybe you become million dollar man in just a few days. There are occasions where you have to wait for a long time to generate money here, it all depends on your quality of the application.

One thing, though, there is a big difference in making an app for Android and an app for iOS, and that is the fact that making an app for Google Play costs just 25$ one-off, making an app for iOS costs 99$ a year, so if you are making an app for iOS, I will recommend you to be a bit more confident about the way you will make money by your app, than if you are making an app for Android.

#5 Make a plugin or theme for WordPress

If you are a web programmer, this is a great way to make some money from home. One-quarter of all websites in the world uses WordPress.

You can develop WordPress plugins or themes yourself, or you could work together with some other people. You can make almost anything you would like to, anything from a donation plugin to a share button, to a Star Wars theme.

You can choose to make it free, and earn the money through advertising or donations, or make it premium and get the money directly, it is all up to you.

If you are not familiar with WordPress and plugin development, I recommend you to check out Treehouse, and Alecaddd. Two of them are by far the best platform that offers great training courses on WordPress development.

One good thing about WordPress development is the documentation provided by WordPress is great, so you will not have to search around Stack Overflow all day long to find your answers.

#6 Take a Part in Programming Contests

It’s a well famous and growing way for earning income with programming. You can participate in different programming contests and make money there. There are various types of websites available in the market, where you complete your profile and complete the contests for making money.

Some Legal Websites for taking part in programming contests:

Surely it’s a great way to earn a decent income, and it is a good learning process too.

Conclusion

It is not complicated at all to make money coding and programming from home. You just have to show your quality skills and have a positive attitude.

What are Binary Options? – Honest Review

Binary Options is a financial instrument to trade on long or short markets in a certain period of time. The Trader only got 2 options: Win a high amount of money (75% – 95%) or lose the investment amount for this trade. It is like betting on rising or falling markets. Binary Options are very flexible. It is possible to trade any financial market and use different time horizons (starting from 30 seconds).

• Call (Higher): Make a forecast for rising markets
• Put (Lower): Make a forecast for falling markets

Make a forecast for the future price direction

In this article, I will show you exactly what are Binary Options and how do they work. Knowledge is the key to success. Read about the risk and the opportunities to make money in the following text.

Where to trade Binary Options in 2020?

In the next steps, I will show you how Binary Options (Wikipedia article) work. You will understand it in a few moments. But first of all, where to trade Binary Options?

You will need a Binary Options Broker (see the table below). I searched after the safest companies which give the highest return for traders. There are different companies around the world who provide this financial service. You can open a free demo account. This is an account with virtual money so you can learn how to trade without risk.

First steps:

• You need a company (broker) which provides the financial service (Binary Options)
• Open a free demo account with virtual money (Virtual trading without risk)

Best Platform
Highest Yield
Best Support

Is Binary Options Trading safe or not?

Safety is the most important point in online investing. You should choose a good and reliable broker which is safe. I recommend using a regulated company for your investments. Have a look on my full Binary Options Broker Review to find the best one. There are regulated and unregulated companies for trading. It always depends on the broker to trade safely Binary Options.

I did a lot of research and clearly, I can say that a regulated broker does not cheat to its clients. Normally unregulated brokers do not cheat too. But it is not 100% safe because sometimes these are small and unknown companies.

It is safer to trade with a regulated broker than with an unregulated one.

In conclusion, you should use a regulated broker for trade Binary Options safely. It always depends on the Broker if it is safe or not. Do the research by yourself and read my review about the broker on this website.

Example of regulation or license

Safe and well-known regulators are:

What you really need to know about online platforms:

There is a huge diversity of Binary Options Platforms and you have to check out what is your personal favorite. Nowadays developed software is very flexible and available for any device. It is possible to trade with the computer (browser and desktop), smartphone and tablet. That means you can trade from everywhere around the world if you got access to the internet.

Especially for a beginner sometimes it is hard to learn to trade with a new platform. There are a bunch of options which can confuse you. Most brokers will give you education material like video tutorials or step to step guides. Also, you can ask the support for help by phone, chat or email.

A platform for any device

Flexibility and charting are provided by the platform. You can do a personal chart analysis with indicators, technical tools, and different chart types. Sometimes you will get access to economic news directly in the platform. Indicators are known for giving you feedback on the market price at the moment. They are customizable like you want. So it is possible to analyze different timeframes.

Mobile Trading:

Today Mobile Trading is one of the most important factors for trade successfully. It is a great opportunity to boost your profit. In the past traders could not trade online or via mobile phone. So the options were much lower for making a profit. Apps are available for Android and iOS users or any other device. Check out your trading account 24 hours per day via your mobile phone.

Computer Trading:

In my opinion, it is better to use the web-based platform with your computer for analysis. Often there are a lot more functions than in the app. Furthermore, you can see the chart more detailed and a higher range of it. Professional analysis can be made by using a computer.

Binary Trading Tutorial | Step by Step Guide

As a trader, you can choose between a lot of different assets on a Binary Options Platform. You can trade Forex, Stocks, Commodities, Cryptocurrencies and more. This trading tutorial will show you how it exactly works to trade the financial product. The process is always the same as you see in the video and picture below. Just practice it in a free Demo Account.

Learn how to trade successfully

Now you have to imagine and predict the asset price direction for the future (forecast):

You can use the specially programmed trading platform of a Binary Options broker to analyze the charts and get trading ideas. It is very important to have a good working strategy for maximum profit. Beginners should use technical analysis for trading the chart. On the broker platform, you can learn more about it in different education videos/centers.

Therefore every Binary Option expires after a specified time. You can use the time horizon between 30 seconds or 5 months or more. Sometimes it depends on the broker. As you see you can trade short-term or longterm Binary Options.

After you have decided on the direction and the expiry time for your trade you can “sign” the contract with your broker. Just click the call or the put button. On some platforms, you have to confirm the trade.

• Call (Higher): The price will go up in your expiration time
• Put (Lower): The price will go down in your expiration time

If you are right in your decision, the broker will pay you a high asset profit of 75-95%. The trade automatically closes after the expiry time. Sometimes the broker allows you to close the trade before the expiry time ends. That is a way to reduce the impact of a wrong decision.

That means if you invest the amount of 100$, you can earn the amount of 195$ on a certain time horizon. 100$ is the return of your investment and 95$ is the profit.

Binary Options Platform Tutorial for beginners

1. Search for an asset with a high profit. If you trade the assets with the highest yields in conclusion from my experience the result will be much better in the end. Some Binary Brokers offer you different account types with different asset profit.
2. Analyze the chart on the platform. You can choose different time frames, indicators or financial news for your strategy. Every Binary Broker offers you some educations, too. Learn in webinars, videos or coaching the best strategies of the world.
3. Now you should select the expiration time of your Binary Option. There a lot of possibilities for your trade. Some traders like it to trade short-term options and some other traders like it to trade longterm options.
4. Choose an amount you want to invest in your trade. The most time it starts at 1$.
5. At latest trade the Binary Option with a call or put. There are only 2 options in the market, that’s why it is called “binary”. In the end, you earn a high yield or you lose your selected amount.

What are the conditions Binary Options Trading?

You can trade any asset with Binary Options. It can be stocks, commodities, forex or cryptocurrencies! Most brokers give the option to trade more than 100 different assets. The expiration time depends on your broker. Some companies provide Binary Options with a time horizon of 30 seconds or less. These days you get a lot of different options on every broker.

Conditions:

• Trade stocks, forex, commodities, cryptocurrencies, and more markets
• Choose between a diversity of time horizons (short-term – longterm)

Yield – The return of investment can be high as 95%+

As the time horizons, the yield (return of investment and profit) depends on the broker. Often there is a possibility to get a high payout of more than 90% of your investment but there is no rule for the value of the yields. Sometimes short-term trades got the highest payout and sometimes long-term trades got the highest payout. In comparison to my experience, the yield is between 70% and 95% for standard accounts.

Another way to boost the yield is to get a VIP account type. Most of the brokers offer different account types, which are linked to the deposit amount. For example, you will get a VIP account if you deposit more than 3000$ on IQ Option. Not every broker got the offer of account types but you should search for it if you plan to invest a high amount of money.

Are Binary Options risky or not?

Binary Options are risky to trade, but there are advantages why the risk is less than trading other financial products. Especially new traders fear the loss of a high amount of money. With binary trading, you can only lose your bet amount. Traders clearly see what they can lose in a trade. Compared to other trading instruments this is a big advantage because the risk is limited always.

Another advantage is that you get a high asset payoff no matter how much the market moves. The asset price just has to be above or under the entry point. Traders like this financial product because it is so easy to understand and to calculate the risk and the trade profit.

Only invest the money which you can afford to lose in the worst case.

Binary Options Demo Account – Yes or no?

It is very important for beginners and new traders to practice the Binary Options Trading. Most brokers give you a free demo account. It is an account with free virtual money. You can always recharge the account with one click. It is risk-free trading.

Every trader should learn more about the trading platform before he is going to invest real money. Also, you can learn new strategies or try out different methods on the market. First, develop your own strategy with virtual money.

Most brokers offer a free demo account.

Opening your first real account

For trading with real money, you have to fulfill different criteria. On most brokers, you can trade and deposit without verification of your account. In my opinion, every trader should verify his account before deposit money. This can prevent annoying errors and waiting times. For a full verification, you need to complete the account setup.

Sign in with your real personal data. That includes full name, birthday, real address, email, and your phone number. After that, sometimes you have to upload the required documents for the broker. The company checks if you are a real person. Upload a picture/copy of your Passport. Sometimes they require a utility bill too. In most cases, the verification only takes 24 hours or less. With some companies, you do not need this verification process.

How much money do I need for Binary Options Trading?

You can start trading with a very low amount of money. Especially on IQ Option, you can open a live account with a 10$ deposit. The minimum trade amount is 1$. The upper limit is open for your trades. Have a look at my reviews to find a broker which fulfill your requirements

From my experiences as a trader, it is possible to make a huge amount of money with the right strategy. Binary Options are the tool for trading with a small or big amount of money.

Facts about the deposit:

• Start with only 10$ in your account
• Trade with 1$ per trade
• You can easily trade with high amounts too
• The minimum deposit depends on the Binary Options Broker

Easy deposit and withdrawal

As mentioned before the deposit is easy as the withdrawal of profits. On most brokers, there are not any fees for deposit and withdrawal money. For payments, you can use more than 20 different methods. It is possible to capitalize on the trading account in a few seconds. In most cases the payout takes the time of 24 hours depends on your broker.

Payment methods are depending on the broker:

• Bankwire
• Credit Cards (Master/VISA)
• Cryptocurrencies
• E-Wallets: Skrill, Neteller, FasaPay, ePayments, Yandex, and more

Get a free Bonus for your deposit

The most brokers offer a free bonus for your deposit or risk-free trades. The bonus amount depends on the deposit amount. It can be a 20%,30%,50% or 100% bonus. In other words, they give you a higher bonus for a higher deposit. Furthermore, some brokers allow trading risk-free trades. If you lose a trade, the broker pays back the lost money in the form of a bonus.

The bonus is not completely free. Sometimes traders have to trade a high turnover of the bonus. For example, make a turnover of 30x of the bonus to get the bonus withdrawn. If you are not satisfied with the conditions in most cases you can deactivate the bonus. A bonus is a good opportunity to grow a bigger account and trade with more money.

Get a free bonus now

Can you really make money with trading Binary Options?

The key to your success is to get a good education and find a professional strategy. In addition, you have to control the risk with sensible money management. In this article, I showed you an insight into profitable trading with Binary Options.

It is easy to make money with Binary Options but you have to be prepared. The markets are not easy to trade for beginners and it takes time to trade profitably. You will not see success directly. From my experience educated traders do not blow up the account. They earn money constantly. Read through my other pages to get deeper knowledge.

• Education: This is the most important point for beginners. You should be prepared for the markets and know how the financial product works. There are different tutorials on the broker webpage or on my website to learn the functions. In addition, it should be easy for you to use the trading platform of your broker. Just practice in the demo account until you feel comfortable. Moreover, most brokers offer deeper knowledge. There are webinars, coachings, and tutorials. Education and knowledge is the key to making money with Binary Options.
• Strategy: Develop or learn a professional strategy for trading. You have to know what you are doing in the market. It is like a system for you which always have to repeat. Without a proper strategy, you will blow up your account. There are different ways to learn a strategy. Use the knowledge of a broker or my website.
• Money Management: most traders fail to control the risk. In my opinion, money management should be sensitive by using 0,5 – 3% of the account balance per trade. Sometime a losing streak will occur. By using sensitive money management you can trade without emotions and you can trade enough trades without running out of money.

In conclusion, you can really make money with trading Binary Options but you have to learn and invest your time in the right knowledge. The demo account is the best way to practice before you start investing real money.

Are Binary Options legit or not? – My scam review

In my opinion, Binary Options are not a scam for your money. The financial product gives you the possibility to invest in short or longterm opportunities in the market. Binary Options are so popular because they are so easy to understand and you can make a lot of money in a short time.

It is very important to choose a good broker. Some small brokers are scamming users, that’s why a lot of people think Binary Options are a scam. Definitely, it is not a scam if you trade with a safe company.

Basic trading checklist for beginners:

• Choose an asset you want
• Forecast the price movement
• Choose a variable expiry time of the trade
• Bet an amount starting 1$
• Trade a call (long) or a put (short) option
• Get profit
• Payout the profit

On this site, I have shown you how the financial product is working. I think you can easily understand it now and start trading with more security. On my other sites, you can learn more about Binary Options. Happy trading.

How to avoid scams as beginner

The problem of Binary Options is that they are not a scam, but some brokers or financial educators are scammers. Every time before you start investing real money you should do a sort of research. You should pay attention to real reviews or advice from professional traders.

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