19/08/2021
My points of view and my personal experiences the past few months (good and painful ones) on Binary Option. If you are willing to take 2 minutes to read what I shared, you will benefit from it, hopefully.
1. Little by little, that’s how you accumulate the wealth. Don’t rush to be rich.
2. When your account grows bigger and it will, withdraw 60-70% of your profit. The money in your trading account is very fluid. Not because the broker will scam you but the person in the mirror may lose it easily.
Read on.
3. Greed kills. Just because I thought I was good, I forgot the virtue of being prudent and became greedy. That was my downfall.
4. Revenge trading kills faster. If we cannot control our emotions while trading Binary Option, I suggest that we don’t trade at all. It will do you more harm than good.
5. Risk management. Unless and until we master the skill and discipline of risk management, our trading accounts will always be busted. You can build it up to a certain high amount after a few days, but without prudent risk management, your account can be wiped out in 15 mins.
6. Discipline and routine. If we are serious to succeed here, we must be very disciplined to learn and put into practice what we have learnt. The day you think you have known it all, it is the day of your decline and eventually the end of your trading career.
7. The most important of all, as long as there is breath in us, there is always hope. Just because you win or lose, it’s not the end of everything. Get up and fight the good battle again, each time you fall. If you are doing well and winning, stay humble and continue to help and encourage those who are down. Pull them up and run together so that everyone can win the race.
I am enjoying more of my forex trading journey nowadays.
