GOLDEN RULES for NEWBIES/NOOBS "IF YOU ARE NEW READ THIS FIRST!"

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  • TraderRonTraderRon Posts: 1
    Hi Guys, Im pretty new to binary, been learning and trading for about 2 months now, iv been doing alright, not making loads of $$$ but not loosing much either, I kinda feel like Im just going round and round....I will have a few days of great results then a few days of negative results. I dont know if im doing something wrong or if its just because I'm inexperienced to notice small changes and indicators. Was wandering if there is anyone else who is also relatively new who would like to "work together" by sharing useful articles, educational material and analyse the markets together. Would be appreciated.

    Or alternatively perhaps there is someone who is very experienced and wouldn't mind giving me some help once in a while.

    Thanks All.
  • reaperreaper Posts: 44
    TraderRon said:

    Hi Guys, Im pretty new to binary, been learning and trading for about 2 months now, iv been doing alright, not making loads of $$$ but not loosing much either, I kinda feel like Im just going round and round....I will have a few days of great results then a few days of negative results. I dont know if im doing something wrong or if its just because I'm inexperienced to notice small changes and indicators. Was wandering if there is anyone else who is also relatively new who would like to "work together" by sharing useful articles, educational material and analyse the markets together. Would be appreciated.

    Or alternatively perhaps there is someone who is very experienced and wouldn't mind giving me some help once in a while.

    Thanks All.

    Hi and welcome!

    2 months is already a result, been learning for the same time myself. Don't give up, we can do it!

    There are some days during which professional traders do not recommend to trade, like Monday or Friday and I'm trying to check with their recommendations most of the time.

    What works for me is trading diaries, which can really help you to understand how does the trader's mind work and tune your own the same way (or maybe upgrade it, if you feel confident enough). The majority of traders are humans (surprise-surpise), so they will be willing to help you, if you dare to ask for it.

    Good luck with your learning!
  • The_Geek_MHThe_Geek_MH Posts: 317 mod
    Your rules for not trading on Monday on Friday are more for long term investors and not short term day trading scalpers like us binary traders. Monday and Friday are just as good for day trading as any other, and many times have sharper moves than the average day.
  • GihonGihon Posts: 27

    what is the best way to collect money from a broker that refuses to pay?

    From my experience if the broker is regulated you should try to find his "official" complaints email (it is usually well hidden in the terms & conditions) this email will go directly to the broker compliance officer which is one level above regular support. If the broker is not regulated you are basically fucked and will never see your money again.
    that's not true, several unregulated brokers operate legit and can be trusted, not everyone has access to regulated brokers.
    Hi Mr Geek,
    It's interesting what you say. Would you pls give an example who could not have access to regulated broker and if so what's your best choice?
    I might be involved with that or a friend of mine.
    Thanks in advance.
  • paveljablonpaveljablon Posts: 20
    edited December 2016

    It is really not complicated. Pretty simple, no need to get all conspiracy theory on me. Maybe I just think you suck.

    Okane I have sent you a pm about black warrior. He is lotz of botz. I looked at all his posts and they are all in support of him. When he refers to "previous moderator" he was talking about himself. How pathetic.

    Lotz at least Okane has a trading journal he is sharing with others transparently. You on the other hand I am happy to share with everyone what went down in Hive last year with you lol. BO needs real traders not scammers. You are now posing as the "binary nerd" at trade4me, the very company you were bad mouthing after badmouthing signal push. You are also lying about your ITM there claiming 70-80% when in reality we all know what your true trading ITM is.

    Ever considered adding to BO instead of trolling it?
    Pavel
    Transparent Binary Options trader and former floor trader. Now giving signals to help people safely to make money at Signal Hive Please do not contact me to manage your account, I will never take anyone's money. You can see my live performance on Signal Hive and subscribe to me there.
  • blackwarriorblackwarrior Posts: 26
    You are a liar mate! they can tell by my IP address you wanker! LOB is the guy that made this place great! All you guys pretending to be him, well you is losers who just jealous of the good man. I look at the great content and where did it come from? Not you pavel? Bro not even worth da time, Two fingers up to you unworthy tossers!
  • paveljablonpaveljablon Posts: 20
    edited December 2016

    Two fingers up to you unworthy tossers!

    The above quote is by "black warrior"

    The below quote is by "lotzofbotz"

    http://forum.binaryoptions.net/discussion/comment/7931/#Comment_7931


    Both strangely like to "give the finger" in their comments. Both are abusive and disrespect everyone including admins. And mysteriously "black warrior" shows up supporting lotzofbotz or his other persona "binary nerd" in every thread LOL.

    People aren't stupid lotz. They know you are "rocketbox" and "the binary nerd" and "black warrior". You use an IP masking service as evidenced by your different IPs at the last service you were recently thrown out of (yes I know).

    I rest my case. Admins please remove this scammer. He has haunted this forum long enough during when he was an admin here. When he was thrown out he now uses a fake personas and trolls other services. Pm me and I can tell you all the shit he has pulled last year, all his websites he owns where he pretends to be a trader but is actually an internet marketer. I have all the evidence you will ever need.

    Pavel
    Transparent Binary Options trader and former floor trader. Now giving signals to help people safely to make money at Signal Hive Please do not contact me to manage your account, I will never take anyone's money. You can see my live performance on Signal Hive and subscribe to me there.
  • sibby131sibby131 Posts: 4
    Guys I need help. I have lost 20k following signals. Please can someone help.
  • suppbsbsuppbsb Posts: 54
    Hello Sibby,

    We are very sorry to hear about your experience. All is not lost, however, the first thing we advise is to stop trading as if you hand over your account to your account manager, they will blow it like they did to this victim here:



    Blue Sky Binary is one of the most prominent and transparent Binary Options community (also rated by this forum) and we can teach you how to trade yourself out of that hole. But patience will be required. If you are looking to get out of this mess very quickly, it's not going to happen.

    You can trial us out for free for a week at www.blueskybinary.com

    Best,
    BSB Zio, Head of Education
    www.blueskybinary.com
    Blue Sky Binary - Research, Education & Technology.
    Signal Hive - The No.1 Binary Signals Marketplace.

  • MaxthefirstMaxthefirst Posts: 2
    Hi there, ladies and gentlemen...
    I am new to trading, only one week on real account. I spent couple of months on demo. It all started well, 60% increase of the initial deposit within 5 days. But, the last two days, strange things happen. I know I might sound silly, but I think that there is something with the platform, maybe some algorithms, that affect your trading. Or maybe it is just a bad time of year... any thoughts about this? Responses highly appreciated.
  • The_Geek_MHThe_Geek_MH Posts: 317 mod
    well, it is the holiday week and the absolute worst time of the year for trading unless you have some experience. That could explain it.
  • ShaunRShaunR Posts: 20

    Hi there, ladies and gentlemen...
    I am new to trading, only one week on real account. I spent couple of months on demo. It all started well, 60% increase of the initial deposit within 5 days. But, the last two days, strange things happen. I know I might sound silly, but I think that there is something with the platform, maybe some algorithms, that affect your trading. Or maybe it is just a bad time of year... any thoughts about this? Responses highly appreciated.

    Hi Maxthefirst

    This is definitely the worst time of the year for trading as most institutions and traders are on holiday, thus liquidity is thin. So that might be an issue. Having said that I traded EUR/USD 1min binary options yesterday and made profit as if it was a normal trading day, so perhaps there is something else here...

    Are you 100% sure that you are still doing EXACTLY the same things (trading and identifying correct entry points) you were doing when you started trading live a week ago? You might think you are but are you sure?

    I have found that the best way for me to stay on track, and to keep doing the EXACT same things (wait for my indicators to look a very specific way before I pull the trigger), is to take a snapshot of every trade I make (1 min chart) and record this in a trading journal.

    Before I start my next trading session I go through my journal and review my previous trades to remind me of EXACTLY what the indicators must look like before I place my next trade.

    This process also ensures a very important second mechanism - it makes me realise if I have made any poor trades (by entering the trade without waiting for the indicators to show the correct setup). This was a major issue for me in the past and has really helped me to become a consistent and profitable trader. I no longer make many poor trades and have learned to become patient, sitting on my hands until the indicators show the EXACT setup.

    If you are already doing these things then no issue but wanted to share in case you are not doing this and may wish to try it.

    Thanks
    Shaun
  • MaxthefirstMaxthefirst Posts: 2
    Thank you, gentlemen... thank you very much, indeed... and happy holidays...
  • jamesnjamesn Posts: 13
    Binary options trade is considered one of the simplest methods of trading. The simplicity is often the reason for many mistakes that can cause serious losses. It is advised for the traders to follow safe trading strategies.
    One of the single biggest reason that binary options traders fail, especially the beginners. The beginners get excited about the trading as it seems very simple to them and this is where they commit mistakes. Their inexperience leads to such errors.
  • crowdedbraincrowdedbrain Posts: 10
    Everybody makes mistakes, not only beginners, that is why you will never see a trader or a strategy with 100% winning rate.
    did you forget to take your meds?
  • jamesnjamesn Posts: 13
    edited January 11
    @crowdedbrain you are right 100% winning rate is never obtainable.
    When I place 10 trades i am ok winning 7 or 8 trades most times win 9 out of the 10.
  • faithwilliamsfaithwilliams Posts: 5
    A substantial research is necessary before investing in the trades. To be a good investor, an initial research is a must that must be followed by training up the skills and a test. These tests would prepare the trader to gain enough experience to succeed considerably.
  • jamesnjamesn Posts: 13
    If without a strategy or a tactic to help you trade in binary options, you might as well consider yourself gambling. Relying on luck is not very safe in trading binary options as it will eventually not work for you and might end up losing all of your investment. You will need a solid technique that you can use every time, which will help you make the right predictions. Moreover, you need to employ a strategy that you understand well and which consistently increases your chances of winning.
  • faithwilliamsfaithwilliams Posts: 5
    jamesn said:

    If without a strategy or a tactic to help you trade in binary options, you might as well consider yourself gambling. Relying on luck is not very safe in trading binary options as it will eventually not work for you and might end up losing all of your investment. You will need a solid technique that you can use every time, which will help you make the right predictions. Moreover, you need to employ a strategy that you understand well and which consistently increases your chances of winning.

    I totally agree with you.
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