very new to all this

TonerMan2

I am very new with no experience in trading at all and want to know if there is it possible to make an adequate living out of doing binary trading as you're "job"? I understand its not easy and you have to work at it and study etc but I was wanting to know if it is possible for someone totally new into it who is eager to learn the ropes and work at it if they could eventually make a living through it.

Okane

TonerMan2 said:

I am very new with no experience in trading at all and want to know if there is it possible to make an adequate living out of doing binary trading as you're "job"? I understand its not easy and you have to work at it and study etc but I was wanting to know if it is possible for someone totally new into it who is eager to learn the ropes and work at it if they could eventually make a living through it.

Binary trading can be good for extra income but I would not rely 100% on trading. You must understand that you are NOT always going to win which means you need to have a second income to cover those bad days/weeks and months.

The_Geek_MH

take my advice, don't quit your job until you prove to yourself you can make money. I don't mean one trade either. It takes time to be a full time trader but it can be done, best to treat it like a hobby at first, learn all you can, if you still like it and want to keep at it you can build up your account to the point that quitting is feasible.

Okane

Gaddys said:

Hello! I'm also new here, but I have experience trading in demo accounts.

Hey welcome! What strategy are you using?

reaper

I trade on my spare money, which I used to spend on coffee and entertainment. The thing is I still enjoy what I do, but sometimes it gives me something in return and that's so great really!

Restricto

Trading on free money is the correct choice, because that way you don't risk harming your budget.

Boss

I don't think one should rely on big profit from trading options, one should continue working at their main job and in their free time study options.

paveljablon

Boss said:

I don't think one should rely on big profit from trading options, one should continue working at their main job and in their free time study options.

Very smart.

illod

For a newbie BO is only an additional source of income, but with a little more experience, you'll understand if this could be your main source of income.

bsbZen

Hello Toner,

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bkueskybinary.com

Malvrid

At first it might be kind of hard, try to be careful and alert, it's important to have your facts straight, right now a lot of info on the web and there's a lot on youtube, etc. Don't immediately jump into binary options, go into it gradually, carefully, after studying about it, and then everything will happen as it should.

Okane

So TonerMan, how is it going? Are you learning anything yet?

Saadi

Hi, @Okane I'm totally new in this field, don't know much about a binary option, Can you please suggest me how I proceed?

Okane

Saadi said:

Hi, @Okane I'm totally new in this field, don't know much about a binary option, Can you please suggest me how I proceed?

Hey welcome. Here you go:
https://www.binaryoptions.net/new-to-trading-5-important-steps-before-you-get-started/

NaishSingh

Can someone help me?

Why is it that, the percentage profit is higher on a position such as a PUT option, when that position is going to cause a loss, whereas the percentage profit is lower on the CALL option, when that position is going to give you profit?

*Digital Assets

NaishSingh

This is what I mean, PUT is going to make me money, but a CALL will not, yet the percentage profit is higher on CALL

The_Geek_MH

they both make money, the put makes less because price is below the strike price and so already in the money. the call makes more because it is not in the money and a little riskier.

shwetank

At first it might be kind of hard, try to be careful and alert, it's important to have your facts straight, right now a lot of info on the web and there's a lot on youtube, etc. Don't immediately jump into binary options, go into it gradually, carefully, after studying about it, and then everything will happen as it should.

mrTrader

It is possible to earn more money but before you must work hard and get more knowledge about analytics and strategies. You should understand why and when the market behaves. It could take months - just do it and you will the the progress. Good luck!

Jigler

I still think that newbies shouldn't count on stable income out of binary options.

The_Geek_MH

Jigler said:

I still think that newbies shouldn't count on stable income out of binary options.

newbies shouldn't count on any income from binary... it's just too hard to succeed when you try to force water out of the rock, so to speak.

Malvrid

The only thing I can tell you is that it won't be easy for someone new to trading. Be ready that you'll need a lot of time.

Ferin

Apart form time, you also need a lot of patience, since moct part pf newcomers start with loosing their money. But the main thing is not to give up and to carry on moving to reach your target.

Qwerastis

As a new trader, I want to advise you that it is not a market where you can afford experiments with live money without market knowledge. You need to learn about it deeply and then practice it on the demo account. After gaing confidence, enter the market with an impact. Thanks!

Oliver

Binary Options trading is a hardest job to do. If you are a willing risk-taker and challenge-acceptor tgen you can take it as a job otherwise it is not a suitable place for you. Always enter the market with your own money. Thank you so much!

Ferin

Upto 85% of newbies loses their money and quit. Other loses at the start but they didn't quit and try to recover it and making the effort for this. These are the traders who trade well in the future and earn the profit. If you lose than never quit and neither be hyper if you do so you can't recover your money.

Ferin

Every experienced trader have passed through the situation which you are at. In the beginning, all of us have questions in mind and I think these kinds of platforms are best place for the beginners to find their answers. I am sure you will be a good learner and get success in your life via trading.