Tips for Successful Binary Options Trading

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Tips for Successful Binary Options Trading
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1-Understand the Binary Options Market and
Products

• Binary Options are considered all or nothing
  options which mean that an investor will receive
  a payout nearly 1.7 times the notional amount
  that is wagered or nothing.

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2-Find a Reputable Binary Options Broker

• Finding a reputable broker in this space takes
  time and research.  There are many players in
  this new industry, and investors need to find
  brokers that have staying power and solid
  reviews.  The brokers in this industry take the
  opposing position on each trade and do not lay
  off their risk.

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3-Find a Robust Binary Option Trading Strategy

• To successfully navigate the binary options
  market, traders need to win more than they lose. 
  A trader needs to win approximately 55 of the
  time to break even, which means the Binary
  Options Strategy that is employed needs to focus
  on winning more as opposed to gain more on each
  trade.

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4-Trade Daily Binary Options

• In general, short time horizons work against
  traders.  Hourly binary options (and shorter
  periods) work against an investor given that the
  broker receives a 15 commission in the form of a
  bid/offer spread (payout out 70 for every 85
  wagered). 

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5-Have Realistic Goals

• Binary Options are excellent trading tools, but
  they are not the panacea toward getting rich
  quickly.  Binary options are simplified  above
  or below options in which an investor just needs
  to pick a direction, but underneath the hood,
  these products are relatively complicated and
  enjoy significant leverage.

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