DO NOT LOSE YOUR FIRST BINARY OPTIONS DEPOSIT

YOU MUST NOT LOST YOUR FIRST BINARY OPTIONS DEPOSIT

If you are new to binary options trading and you don’t want to follow the way professionals’ trade in binary options then YOU MUST LOSE YOUR FIRST BINARY OPTIONS DEPOSIT.

I started binary options trade after a year of studying different strategies from professionals in the feed; I downloaded many E-books, read blog posts and website, watch and download youtube videos close to 100.

At a time the filling was go to go came to me, so I made my first deposit, under a month I lost all that I have deposited and was left with nothing in my trading to trade with.

The reason was not that I was not prepped; as a mater of fact i was fully prepped I spent over a year on different strategies I got from e-books and videos, but still lost everything because I was trying out so many strategies and was looking for the one to perfect on. 

Many factors contributed to my lost, I letter got to know during a preview to my portfolio.

The first thing I notice was that I never get to have a “constant trading amount”

I also noticed greed,

Fair,

I never set constant budgeted amount for my daily trade,

And my initial deposit was very low, low enough to get me out.

 Constant trading amount

For a trader to make it with binary options trade he has to be consistent with his trading amount, he should have a fix daily trading amount, with this it will be difficult for a trader o loss beyond control, another very important thing is that a trader should never I any case trade with over 2% - 5% of his trading account balance. 

Slow and steady wins the race, if a trader tries to use more than 5% of his trading account balance, he should know that he or she is ready to lose that percentage he has traded with.

                        “Life is like a teacher the more you live the more you learn”

Your trading account balance is your life in the trading word, if your balance runs out there is no way you can be useful in the trading and in that case you are dead. Knowing this and taking your account balance as your life will help you minimize your risk taking when it comes to trading with you account balance. Money management helps traders to spend money in this system wisely.

Let’s say you made a deposit of $1000 into your new account. And our rule is “never trade with over 2% - 5% of you account balance. Here is the maths…………..

You will notice that 2% of 1000 will not cost you any damage if the result tunes out to be a lost. Using 2% simply means that you are having 50 chance or should I say tune to trade with your deposit of a $1000, and also using 5% means that you are having 20 chance to trade before you account will read $0.0 while using 10% means that you have 10 times only to trade.

As you can see, the more you trade the better your experience, and the more money in the bank. So I will repeat “do not use more than 2%-5% of your account balance for any trade”.

Fair

Fair they say is the greatest enemy to success, if you fair not to fall you will fair to climb meaning you failed be default.

As a new trader fair will almost want to rule over you and take the spirit of a man in you, some time when you find a good clear trend that you should trade on fair will not let you do so, because you will not want to lose your funds. Which means you failed that trade by default.

Greed

It is very natural for a new binary options trader to be greedy at the first place but your ability to be able to control and get over this is what makes you a good trader in the nearest future.

It happened to me as well when I newly started, whenever I lost a trade I will get greedy and want to get my lost back with some interest on it or if I noticed I am getting a lot of wins the spirit will arise and I will double my trading amount, most times I do that without calculating and that really tuned the beauty of my account into a monster with just a couple of trade, and I ever regret being greedy at first but at that time it was already late.

Low funding

 This is the problem most traders who say binary options trade is a scam mostly have, they never really deposit as if they were ready to trade, most people deposit as if they want to put the system to test and if they lose their deposit they will just conclude that the system is a scam.

It is very difficult for a trader who deposited a reasonable amount of money to lose all his trade without finding the real system good for him to get back all he has lost.

The higher your deposit the more chances you have to trade and get used with the system. Make your deposit high and trade with the smallest amount you can.

I exposed a broker that offer unlimited free demo account you don’t have to deposit dime.

Daily target

 This is the hardest thing to do on trading, have a target when you know that you can just knock the door at any time and it will be open to you, most time whenever I set a target and I reached it, I often gets tempted to keep trading, hoping I will make some more money and my account will keep growing.

Most times thing will tune out to work against me and the only way to keep the little which I profited is to quite trade for the day.

 If you finally get to overcome these fillings you will then be trading like robots, like we all know robot are not the best for this trade, if we can use their mind the we can be better than them.

WITH THIS SIMPLE TOOLS HOPE YOU WILL HAVE SOMETHING TO LOOK OUT FOR IN YOUR SYSTEM OF TRADING.

I look forward to receiving your comment on this post.

For now do have a wonderful trade.