Date:Thu Nov 21 2024Tokyo:21:58Sydney:23:58New York:7:58London:12:58CET:13:58
BinaryOptions.net Forums› Beginners Questions
Hiya guys. I've had an offer off someone to join a group who use the 24option platform and sends you signals on WhatsApp. The minimum deposit is £340 and the signals are free for 14 days. £70 per month after. As you can tell I'm pretty new to this, but have a keen interest in making a decent 2nd income. I'm a bit unsure whether to invest or not. Could any of you lovely people offer any advice as if I'm making a big mistake or if it's a risk worth taking? Thanks
New to trading
knightime81
Posts: 5 ✭
Posts: 5 ✭
Hiya guys. I've had an offer off someone to join a group who use the 24option platform and sends you signals on WhatsApp. The minimum deposit is £340 and the signals are free for 14 days. £70 per month after. As you can tell I'm pretty new to this, but have a keen interest in making a decent 2nd income. I'm a bit unsure whether to invest or not. Could any of you lovely people offer any advice as if I'm making a big mistake or if it's a risk worth taking? Thanks
Comments
I am relatively new to trading and binary options and have some Q's that Im hoping to get feedback on. I have researched the forum and done some reading but couldn't find much.
for the past 2/3 weeks I've been going through the posts, the tutorials etc trying to understand BOs and get as much knowledge as possible (thanks for the videos and guides, extremely useful!). I have set up my MT4, Gained some knowledge on technical analysis etc. I'll probably be trading trends, support resis and a few indicators. I've now opened a demo with IQ option and plan on doing demo for the next few months.
I'm interested in BOs as a second income, hoping to make around £100/week to help with the crap wage the day job brings!! I currently work from 8am - 6pm (oh the joys!) by the time I'm home 7, other duties etc it can easily be 8:30/ 9pm.
Im wondering if anyone can give advice on how I could get started with the lack of time I seem to have in a day. My job isn't one where I can trade at work either.
Can anyone shed some light on how to develop a strategy which will allow me to trade with my restricted time, what time frames and markets may be good for me to look at and trade with. I used IQ option as i plan on starting with £250 when ready and making small trades using around 5% max of the account and increasing as the account grows (although I'm having second thoughts as their time frames seems quite restricted....)
Please excuse the essay, in short:
- Can trading after work in the evening/night be done?
- What kind of analysis / time frames / markets would you recommend?
- would IQOption be good for this strategy?
Any help and feedback would be greatly appreciated.Thanks in advance!
KR
Sterling
Feel free to ask any questions on this forum, you can also come to live chat. Best of luck.
I am new to BO, want to learn and earn some extra money.
Your guide and help much be appreciated.
Thanks in Advance
http://forum.binaryoptions.net/categories/free-webinar-recordings-indicator-packs
If you are looking for a Broker:
http://www.binaryoptions.net/brokers/
Hit me up on skype at Brymcafee (McAllen TX)
www.tradingaxis.com
only use sites with low deposits for now like iqoption, markets world, binary.com etc i also tried 24option great platform but its 250 min deposit the others are 10. since registering here i also signed up to markets world
second advice is get it out of your head that your gonna win big from the get go. even tho in my first night trying a platform i turned 20 into 600 i would say be carefull about getting too excited. if and when you start feeling overly happy with what you have won i would say stop withdraw 50% of your proffit for that day and give yourself a break. your biggest ennemy is when you have won enough money that you suddenly think your are invinsible and feel absolutley certain your now going to become a millionair in the next 24hrs. lol this is usually your best indicator that your about to loose all your money.
make small bets just because you have deposited 50 doent mean you should bet 50 i would recomend you stick to 5% staes 10% maximum of your bankroll if you get a 3 or 4 lossing streak stop take a hour/day your not thinking right.
check out online videos as much as possible even if you think its irrelevant knoledge is power.
if i had to say which site i would like to start on if i had to beging again i would say iq options is the best for begginer it has many tools and tutorials to use them. i also relly like binary.com (not in usa i think)
pace yourself if you feel ready to try you are i have zerod many accounts over the last 6 months since doing this and withdrew alot of money overall im up im only now however learning to use indicators atm this past hour actually i started drawing my first line and watching them work.
watch the market for endless hours i would also suggest dont bet i find when im loosing or winning either way i dont really learn actually watch it let it teach you how it moves get confusedby things then ask questions or look for tutorials giving explenations.
it takes time know this respect it
Video is knowledgeable too. Thanks for sharing.
As a newbie it will surely helps me a lot.
If you think you can just join some random signal service and make money with no effort you can forget it. I don't understand why they both charge and require broker deposit too. Minimum deposit is actually 250$ with 24Option not 340£=426USD.
By the way, how are you expecting feedback if you haven't mentioned what group/service they are? There are thousands of such services, if you don't know their name yourself then that's already a bad sign.
Obvious scam. Also be careful with anyone who approaches you through email or via private messages.
Another thing, be careful of some of these websites that review services. Overall ALL robots are scams so if you happen
to come across a site that gives a bad review on one robot but a good review on another then you should know that review
is fake. Cause none of these services have actual proof of anything, you never learn anything (other than "damn how dumb was I to get fooled by these").
Well, since I run my own Skype group it would feel wrong to recommend myself.
Maybe you should check BlueSkyBinary. They are present in the forum. I think they have some autotraders or signals too.
PS. it's good you are asking first. Too many people fall for these types of scams first, lose thousands of dollars and then realize they need to research first.
http://forum.binaryoptions.net/discussion/4818/2-questions#latest
lol...