I can tell you why I want to live from BO, or just trading....
...The last 8 years i have developed a lump inside my head of the size and look of a rasberry. This lump is making me dizzy all the time, and when i do fysical jobs, like mowing the lawn, i get very exhausted, and extreem dizzy....and i have to lay down for at least half hour before i can do anything again.
I am now living of a social income, while they are discussing if i have to go early retirement or if they want me to have a subsidised job.
I have always been very active...started a cleaning company, closed it....started up speakerproduction and development, and later also gear rental for concerts and festivals, and then i gave the company away 10 years later.
I have to say, that i am normally build, 184cm high and weigh 98 KGs...a little "powerhouse" haha !
So...why do you think that i whant to learn HOW to trade ???
Well...first of all, i dont want to sit and look at my windows all day, and second, i really would like to get rid of my social income, and manage by my self.
But it is very limited what i can do !!!
I CAN sit by my PC and make trades for aprox 20-30 min, before i have to do something else, and i repete that 3-4 times a day. So 3 years ago, i started learning CFD, BO and Forex...but CFD and Forex needs concentration and survailance ALL THE TIME, i never left my PC, and it did really not give a really profitable profit...
But BINARY OPTIONS made the blod pump in me...i have tried all timeframes, but 60 second trade is what i do now...I make 1000-5000 $ a day trading 5 sessions a day.....
I hope i can pull it through.....and the best of luck to all out there.
I think i have lost my share now, so it is time for me to pick up the gold dust, and i am really doing it !!!
The reason i dont call BO gambling is that i am using minut by minut support and resistance lines, and they change minut by minut...automatically !
No one has the skills to make SU and RE lines all the time, there will be no time for trading, then ?
This is a very powerfull tool....love it
1. For some reason it is believed that binary options are an order of magnitude simpler than forex and therefore it will be easier to understand (although I do not really agree, because both there and there require detailed market analysis, and to understand all the nuances of the market is necessary in any case).
2. Traders are attracted by the fact that on binary options they can constantly use short positions, up to 30 seconds. In fact, this is real because many brokers do provide this opportunity. I don't think it's very safe - but in principle why not. Another thing is that this kind of trading can be too gambling and it will definitely lead to a loss, which is already bad news....