Most of the best tips are probably actually going to come straight from your fellow traders. While there are tons of people out there who are selling systems, signals, ebooks, advice and training programs, not all of these people are reputable, and most of them are anything but generous. While there are many legitimate training programs and signal services out there, you can get a lot more free, high-quality advice just from building connections with your binary trading community.
Signals are a crucial part of successful binary options trading. You can create your own by analyzing charts and market data, but often there is too much going on for you to catch everything. Also, it may not be possible if you have other commitments. Option Robot has this covered, as it creates signals which you can use to place manual trades, or that you can set to trade automatically. You simply define the parameters, and Option Robot does the rest.
Don’t invest your hard-earned money on courses and signal services unless you’ve read a lot of good reviews that also point toward realistically achievable results. You should thoroughly research any program before you put money into it. You’ll notice that from posting on the forums too—many traders dump thousands of dollars into services and courses which don’t actually provide them with the means to success—and waste valuable money they could have spent on their trading accounts. By avoiding this pitfall, you can save your money and use it to build up your account. This will help you to become profitable more quickly than spending it on programs which don’t work. Good luck learning how to trade binary options!
As part of the bailout to redeem the government in Cyprus from bankruptcy in 2013, the Laiki Bank, which was the second biggest financial institution in Cyprus, was closed. Those with accounts containing greater than 100,000 Euros were shut down and their funds were expropriated by the government in Cyprus. Any outstanding debts were transferred to the Bank of Cyprus, which then exploited a very large portion of those aforementioned accounts as well as those accounts containing over 1 million Euros. Most of those accounts were owned by Russian investors.
Binary options trading is a regulated product by EU jurisdictions such as CySec (Cyprus Securities and Exchange Commission) and MFSA (Malta Financial Services Authority), among others. Furthermore, regulators continue to tighten directives and mandatories. In fact, Financial Times reports on the recent actions taken by FCA (Financial Conduct Authority) to protect consumers by examining firms that may be offering binary options illegally.
I had shared some links on some real stories of how binary options had severely ruined one’s future. I had also included a way of earning money using down to earth method,not to mention stocks if you are really willing to take risks and are interested in investment. The link is: Please stay away from binary options . Please go through all the 3 posts to get a better idea of how the whole binary option works and hopefully you would stay away from binary options at all costs.