5 Important Rules to Trading - PowerPoint PPT Presentation

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 5 Important Rules to Trading

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Before making a trade, there has to be a reason for believing that the asset value will either go up or down. You can’t just rely on a gut feeling, successful traders base their trades on cold hard facts – be they fundamental analysis – PowerPoint PPT presentation

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Title:  5 Important Rules to Trading


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 5 important Rules to Trading
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Rule No.1 Do Your Homework
  • Before making a trade, there has to be a reason
    for believing that the asset value will either go
    up or down. You cant just rely on a gut feeling,
    successful traders base their trades on cold hard
    facts be they fundamental analysis

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Rule No. 2 Know Your Assets
  • It is very important that you understand the
    assets you trade. Top investors appreciate the
    connections between assets and anticipate the
    various knock-on movements.

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Rule No.3 Manage Your Money
  • Money management is an important facet to
    successful binary options trading, but often
    overlooked. Make sure you decide in advance how
    much money you are able and willing to invest on
    each trade and how much in the entire trading
    session.

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Rule No. 4 Be Adaptable But Stay Strong
  • This may sound a little contradictory but a key
    advantage of binary options is that you can
    profit in bearish, bullish and volatile markets.
  • Be flexible and choose the best trading strategy
    for the current conditions and be strong enough
    to stick with it if its the right technique for
    the trading conditions.

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Rule No. 5 Practice!
  • Most platforms offer some sort of demo account.
    Some are time restricted, others not. They exist
    for your benefit, so use them! A demo account is
    probably the best way to familiarize yourself
    with the platform as well as the actual customer
    service being offered which is also important. 

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