When I began trading, I knew absolutely nothing. No time zones, currencies(except the USD, but I never really understood that either), or what Binary really was. I fell for the often to seen 'get the car of your dreams,' youtube ad, or video. I wanted the cars and houses, the pools and vacations these guys were talking about. Alas, working a 9-5 job will never get you these things, well, maybe the vacation or two every 7-10 years.
For me at the start of 2016 it was all about that 'get rich tonight,' crap... The American Dream of making a million a day for doing nothing but sitting at a computer screen or in my phone. I have always wanted to be my own boss, I even ran a pet shop for a while, but just like the rabbits, even that ended up underground due to the lack of starting funds, and a very disgruntled person whom didn't like my family. Who also happened to have 10x the cash flow I had.
Anyways, I wanted to be my own boss again. So I took the deposit of 250.00 dollars for a site called FinPari, and That very night, I went all the way up to 750.00 and I thought I had it, I was made. I was getting rich, more money than my job was paying a week, in just a very short amount of time. (Rich being used very loosely for a poor man.) The next day, being the idiot I am, decided that it was enough and called my place of employment and quit my job.
I hopped back on the PC and opened up the site again, made a few more bids, and bam I was up to 1200.00 dollars... At about 9pm my time, is when reality hit me with a Mac Truck at about 90 mile an hour. I lost bid after bid, again and again, over and over. Increasing my bids each time just so I could make up what I lost. Eventually I couldn't bid any higher, at this point it was loss after loss, until I was out of the game, and back out looking for another 9-5. My old lady was irate, because honestly, she was excited too, but not so much when she woke up to, "hun, we're broke,"....
I knew I didn't want to give it up, but at that time, I had no choice...
A year later, many many MANY youtube tutorials later, Strategies, and do and don'ts of the binary world, here I am again. Over the year I spent learning about this stuff. I come across a very important person (keep in mind, I didn't meet the guy, just read about him) That was VERY successful in trading the Markets. So I read up on him, and he was an inspiration.
I'm sure the lot of you know who it is, and I won't say a name, I'll just leave a Quote.
"The more you learn, the more you earn,"
Sounds pretty dumb at first doesn't it...
The only thing I am worried about right now, is how the taxes are going to bite me in the rear end. I still don't know how to figure that stuff up... but I figure, if I stay in the 80-90% ITM, I'll be alright.
Here is a tip for you Starters.
There are A LOT of bogus strategies on the net, which I'm sure you know by now. Do not pick one based on the video because that guy won 5000 in 9 minutes or some bull, I can bet you he DOES NOT do that every day... Plus, not to mention, they already know a lot of the market and are playing you, TO LOSE.
Remember, for every call you make, someone else put. For every put you make, someone else called. That is how a lot of the money is generated and transferred in the binary world.
Stay ITM, and keep your cool. If making money excites you, then I would assume losing it really bothers you... Once you get over the whole, crap I lost 15 bucks... You will find this a whole lot easier.
Keep it simple, and learn to earn guys. Good Luck.