This Is How I Started Trading Binary Options

I have started trading binary options as a hobby. Needless to say with no prior trading experience it was a daunting task. A friend of mine talked me into it and so I have deposited money into one of the better known binary options broker, CToption. This broker had been recommended by my friend as well as other online sources and so I figured it must be good enough for a beginner like me.

At that stage I wouldn't even know better or recognize any differences in the trading platforms of other brokers. I signed up to receive a hefty bonus of 75% of my deposit and so when I deposited £250 I immediately got £437.50 in my new account available for trading. I figured this was a good start and so I was quite excited about future earning potential. However, I have quickly learned that there is a catch to that bonus offer, namely that withdrawing any of the funds would be impossible without making substantial amount of trades amounting to the value of £10,000 (wins and losses including).

Fortunately, that didn't really matter much because I intended to keep trading and grow that amount substantially and only withdraw after I have a few thousands in my account. There is a lot of bad rap on the Internet about accepting any at all sign-up bonuses from binary options brokers, but if you're serious about this new career this shouldn't put you off. After all, it's free money that will surely come in handy when you're just starting out in the world of binary trading.

It's all in the right signals

In the beginning, not having sufficient knowledge of trading binary options I was advised to subscribe to a signal service. This was a problem because there are many signal providers out there.  I decided to sign up to Franco's signals because they had a very high winning ratio and I could watch and copy a professional trader, which is what I wanted. I wanted the signals but I also wanted to learn more about the markets anf binary options in general.

Binary Options Signals That Don't Suck!

Trading binary options can be a very challenging task for those of us who are not professionals and have limited resources and experience in trading the markets.

Delving into fundamental and technical analysis can be a very frustrating and time consuming and it's not for everyone.

If you have traded before you know how difficult it can be to control your emotions while trading on a live account. Even if you have a sound strategy in place, with your own money at stake, it can quickly turn sour and go the other way. 

This is especially true for binary options where you risk losing 100% of your initial investment if you're incorrect.

Without the option of placing orders with a stop loss, as you can do trading Forex, losing your entire account in one day is a possibility.

Fortunately you can rely on various binary options signal providers who will inform you of upcoming trades in real time. All you will have to do is to follow their instructions and place the trades accordingly.

Binary signals via text messages

There are some signals providers that will send you a text message or an email signal. A very good example of this is Quantum binary signals

They simply send you a text message each time their trading robots and traders find a good trading opportunity. This particular service is tailored to binary option trades and it achieves on average 75% rate of wins, which is good enough to make a profit.

Signals sent via text messages are very simple to follow. All you need to do is enter the trade according to received instructions which will tell you what asset to trade, when to trade it, and what expiry time to choose.

Binary signals sent via text messages are probably the most convenient types of binary options signals which still preserve manual input. A user who receives a trading signal must still enter the trade on his or her broker account.

If your broker has a mobile trading platform you could simply open it up on your phone and enter the trade on the trading signal.

Binary signals via live trading

For those who want to learn to trade   there are those whom you have to watch live and copy their trades.  A good example of the latter are Franco's binary trading signals.

They claim a whooping 85% winning rate, which is quite amazing for any trader. However, this type of trading signals require a commitment from the subscriber. It is often more convenient to simply receive the signals to your mobile.

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