Date:Sat Nov 23 2024Tokyo:17:12Sydney:19:12New York:3:12London:8:12CET:9:12
BinaryOptions.net Forums› Beginners Questions
Truly need help
Sukaira
Posts: 7 ✭
Posts: 7 ✭
Hello all, I am really into Binary Options Trading but I have to say I have zero clue to what to do. A little self introduction: why am I doing this? From stright down from my heart, you all might be thinking that I am lying but it's never for the money, I only want to live a happy and healthy life to never worry about money. I am currently studying a course in opticianry. You all have to know it's super hard to earn a living these days as society to progressing steadly everyday. And there's one other thing, I am only 17 years old. But I've really been trying to research in this trade for quite sometime. I'm really committed if I really open an account. Please don't say iam a lazy teenage but I have planned out very well for what I truly want in life. I'll go to work as an optician once I've finished my course and trade binary options in my free time. I live in Singapore and it's super competitive here. Students with degrees have problems finding jobs here too. As part of my research, it's better to reach out ratherror than isolating myself. I truly truly hope this community can help me. Thanks sooooooo much for your time to read. And are there really any successful traders around here. I really hope this community can help. Once again, thank you all for reading.
Comments
Yes there are experienced traders in the forum.
Check out my trading journal in the "journal room" and we have many guides written by the traders here including myself
that will teach you many things.
Here are some guides
Personally, I can tell you that you cannot succeed unless you master price action, that will take some time so it's good that you are not lazy
Your first step should aim to see this as learning only, earning is far ahead so don't go and rely to pay your bills with BO trading anytime soon.
Oh and yes I am a full time trade - of course, even I have some other investments like real estate to rely on cause trading alone is not gonna be profitable EVERY month even though you might have a good year where you indeed are profitable every month (been there done that - but don't expect this outcome for every year). In conclusion, it's good that you are also doing your studies to become an optician. Now you know where to start.
It is costing patience and time to become a succesfull trader. Its good to learn it first by your own so you have your own knowledge about the markets and how to trade on those situations. We are also offering some educations and a binary option course which you could follow. We have an one week free-trial. But keep in mind that you will need motivation and patience. You will get there, but dont rush.
Greetings,
BSB Zen(blueskybinary).
http://www.binaryoptions.net/ayrex
They have a free demo, no registration and no deposit required. Just click demo once on the page and start trading
PS. click the "Try Demo", it's in the right top corner once you are at their website!
By the way, IQOption also provides free demos, you must have done something wrong.
Once you register, you can try their demo, no need for a deposit.
- Yes, cause you don't know what you are doing yet.
Is there a winning strategy?
- The number of times I have been asked this question... NO. Wouldn't everyone be using it if there
was such a golden goose?
Trading isn't easy, you don't just pick a strategy and make money. You have to learn it.
It's like playing the piano, you don't just pick up some notes and become Mozart.
Of course, research always helps.
Watching videos... What videos? It depends, some guy on youtube claiming he is making thousands "with his magic secret strategy" type of videos? Nope.
Focus on learning price action, the art of reading the charts and making detailed analysis. Check out my trading journal. I do teach these things.
I would say that in general, they seem to be good for short term traders and that the payouts are very low for "longer expiries".
Shorter = around 5 minutes from what I have heard. You can try them for a very low deposit and I am pretty sure demo and real accounts differ too.
You have to know it's super hard to earn a living these days