There are things you need to know about binary options which will aid your knowledge and at the same time guide you to make the right decisions as regards binary options. Facts you need to know about binary options are:
• One in every two traders lose their deposit upon their first trading
It is important that you avoid using every thing you have in deposit during your first day of dealing. It is a common situation that many people lose all their deposits during their first dealing. How do you resolve this. It requires a simple technique. It’s better to be on the safer side, should you intend to make your first trading, you need to see it as a test and therefore, don’t trade with more than 10 to 20% of your deposit. Binary option companies like IQ options are one of a kind.
• Beware of shady brokers
They will persuade you to keep your money and you might end up loosing it. Try as much as possible to deal with traders with experience, seek advice from them and invest your money on good trades which will turn out to be fruitful. It is advisable and in fact the best thing to do that you trade with large licensed broker such as IQoption.
• Relying on fortuity rather than calculation is bad for you
Do your paper work well before proceeding to trade. It is a great mistake to trade on a very short time window when your prediction isn’t even reliable.
• Doing too much dealing in a short time isn’t good enough.
You must be a good risk manager, hence, you shouldn’t do too many deals within a short period. If you do this, should the dealing goes bad, you stand the chance of loosing everything. Although companies like IQ options get you covered, dealing with them comes with minimal risk. For more information visit website #https://iqoption.trading.
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