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See How The Winter Starts With Sheer Optimism

Winter Starts With Sheer Optimism

See How The Winter Starts With Sheer Optimism

Somehow the investment winter starts with sheer optimism. Because of an important news event, the market sentiment showing some risk factors. Mainly, the vaccine optimism and encouraging data from China has made the trading chart unpredictable for traders.

The American biotechnology company Moderna announced with clear statistics that the vaccination will be 94% effective to COVID-19 patient. They stated that it would also fight against severe types of diseases with no objection.

However, both Moderna and Pfizer vaccines are eagerly waiting for FDA authorization. On the other hand, China’s Manufacturing and Services PMI reports, unfortunately, beats all expectations.

Thus, the economic activity renounce of the world’s second-largest economy has encouraged investors.

Stock S&P 500 Chart Analysis

Investment-Chart-Binoption

And all this pragmatic news results in moving the S&P 500 upward. The chart showed that it is about to touch an all-time high of 3665. Also, it met a selling pressure just above 3650. 

However, if it can break 3,665 anyhow, the road up to the next round number of 3,700 will be clear. The downward movement of the low of November 30 at 3,615 will push the S&P 500 to the support of 3,600.

Popular Currency Pair EUR/USD

A combination of Chicago PMI report and the US home sales appear with a worse scenario than the forecasts. The forecast added pressure on the greenback. However, the most popular currency USS is trading at the lowest level since April 2018.

Though the day before today, the prominent currency pair EUR/USD touched the critical resistance of 1.2000, yet couldn’t break it. Now it’s heading towards the same direction once more, but it may meet the barrier at 1.1975. 

On the flip side, the downward movement of yesterday’s low of 1.1925 will push the pair to the 50-period moving average of 1.1900.

The Precious Metal Gold

Gold is moving higher. But it may meet the resistance of Friday’s high at $1,790. If it breaks the level, it may jump to the level of $1,800. Or else, the opposite move towards $1,765 will drive the yellow metal to $1,750.

Oil

Yesterday, OPEC+ members disagreed on further output cuts. It causes the oil price to drop. Today they will meet again for the second time. If the WTI oil drop below the recent highs of $44.70, the way down to the 50-period moving average of $44.00 will be open.

On the contrary, the move above the resistance of $46.00 will push the price to the next round number of $47.00.

Finally, it is advisable to all traders, before starting your day, check the economic calendar. 

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Citibank Bitcoin Price Prediction – $300K By December 2021

Citibank Bitcoin Price Prediction-Binoption

Citibank Bitcoin Price Prediction - BTC Could Pass $300K By December 2021

A senior executive financial giant Citibank generated a Bitcoin Price Prediction report. The bank is placed in the US. The executive draws a line to show similarities between the 1970 gold market and the bitcoin market of 2021.

The bitcoin market is going through by major price swings. Thomas Fitzpatrick, a managing director at Citibank, stated in his statement that “exactly the kind of thing that sustains a long-term trend.”

At the time of publishing, the Bitcoin price is showing $16,309.10. In 24 hours, the price changes by 1.88%. 

Executive Says BTC Could Pass $300K by December 2021

The report was unofficially first leaked to the cryptocurrency community. A Twitter user “Classicmacro” tweeted on Saturday. He said – noting Fitzpatrick is “a big fan of moon targets.”

Moreover, Thomas Fitzpatrick pointed to the largest crypto coin in Bitcoin’s weekly chart. He used technical analysis to determine the future price movement of Bitcoin. As a result, the analysis showed prior highs and lows to determine a target of $318,000 by December 2021.

On the other hand, ClassicMacro commented on Fitzpatrick’s tweet,

This kind of technical analysis is of little value. There is no edge in guessing targets so far in time with TA. All we know is that price is likely to continue going up.

Moreover, the CitiBank executive drew on bitcoin’s 2010-2011 “exponential move” as being “very reminiscent” of the 1970 gold market. Gold had experienced 50 years of a constricted $20–$35 price range before a breakout occurred after a change in fiscal policy by the Nixon administration in 1971.

A decoupling of gold from fiat currencies, the COVID-19 pandemic and the desire for central banks to pursue aggressive quantitative easing policies could lead to future explosive price growth in bitcoin, according to Fitzpatrick.

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The US Election: How Do They Influence Financial Markets?

How US Election Influence Financial Markets-Binoption

The US Election: How Do They Influence Financial Markets?

Joe Biden or Donald Trump? Whom do you support?

Well, we are now at the climax phase of the US presidential election, one of the most influential political events worldwide, waiting for the final result. Putting the election result in front, many of the traders are wondering what’s going to happen on the financial market next.

Well, the result will undoubtedly influence the market as we are going through many new and old global crises like COVID-19. 

The USA is one of the major continents that hold around 18% of the global GDP with the military superpower. Also, it holds a significant impact on world politics and economics. So, its presidential election is something that can grab the attention of every pair of eyes of the world.

No matter who is the ‘president-will-be’ has a great deal ahead.

Why? Because he has to wrestle with the current pandemic crisis as well as all the other existed problems.

And so the financial market behaviour may reflect according to the election proposal and initiatives he proposes to implement. 

So, let’s take a quick gaze at the proposal lists of both the candidates so we can predict what might happen next in the financial markets.

The US Election - Presidential Proposal List

During the formal announcement of joining the 2020 presidential race, Joe Biden declared that his focus is on the workers who built this country and the values that can bridge its visions. 

As for Donald Trump, he is standing on the remark “Make America Great Again”.

Proposal That Came From Joe Biden

Joe Biden as the representative of the democratic side includes many major current issues including economic recovery, jobs, healthcare, housing, racial, economic inequality, gun and violence control, climate change issues, and so forth.

  • Rising the federal minimum wage to $15 (£11.50) per hour.
  • expand the public health insurance scheme passed, protect the affordable care act, and minimize the healthcare coverage cost to 8.5% of a person’s income
  • $1.7tn federal investment in green technologies research to fight climate change
  • Increase the corporate tax rate from 21% to 28%.
  • Increase the tax rate for individuals who have an income level of more than $518,400 from 37% to 39,6%
  • Provide Pandemic affected businesses interest-free loans.
  • Free four-year public college and university education for students whose family income is less than $125,000
  • Investment for the economic development of communities of colour
  • Closer ties China and repairing with NATO

Words From Donald Trump

On the flip side, Donald Trump as the Republican representative announced that he would work to bring back the economy, boost jobs, protect US trade interests, and to continue with his hard-line stance on immigration.

  • Tax reduction to keep jobs in America
  • Tax breaks for goods produced in America
  • For the second round of $1,200 stimulus checks for economic relief of COVID-19
  • Ending the ‘reliance’ on China and protecting US manufacturing
  • Creating ten million new jobs within 10 months
  • New one million small business creation

Potential Influence Of US Election On Trading

High Volatility and Uncertain market condition is the most conventional after-effect of the Presidential election. 

It is noteworthy that the financial market and economic impact that any president can have highly depends on their ability to enact legislation. 

There might be complete opposing outcomes in a certain sector based on who the winner is. So, it will be wise to take necessary measures according to your favourable assets and what effect might both the candidates can play on them.

Let’s count the following assumptions on different trading fields.

Forex Pairs:

Trump’s total political policy and trade war against China may lead to the strengthening of the US dollar as well as US bonds. Trump’s foreign policy towards the EU might cause a decrease of EUR and GBP against the US official currency.

However, if Biden becomes the winner, then the opposite result might happen as he believes in building a good bond with China.

Commodities:

The dropping of the US dollar may lead to the rising of Gold prices. Biden’s tax policy and another stimulus also result in a similar incident.

On the other hand, Trump’s victory may make sure that oil and other related ETFs drop because of the increased supply.

Stock:

The victory of Donald Trump will make the stock market grow higher as he has a keen focus on the stock market on his politics. However, American technology and vehicle sector-related stocks might be rise higher as both of the candidates have envisioned the development of these sectors.

History says that the volatility of the S&P 500 is much higher during the election year than usual non-election years.

Final Words

So concluding, though we have written this article based on our assumption; still, we can hardly predict any concrete scenario about the impact of the election as anything might happen anytime, depending on other geopolitical and economic events. 

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Online Trading In Africa: Aftermath Of The Pandemic

Online Trading In Africa And Coronavirus

Online Trading In Africa - Aftermath Of The Pandemic

Corona Virus pandemic has a huge impact on the online trading industry in Africa. Though changes in different industries and businesses usually happen slowly, which is almost unnoticeable. But, occasionally, some kinds of events can hasten society’s changes to the point where we can see it happening in real-time.

The current COVID-19 pandemic is such an example. You have heard about the  ‘Black Swan’, which is a rare event. Also, it is important to mention that the event has an indelible impact on the history. 

This pandemic has made us live and works within the four walls of the house. Thus, a massive number of the population move to the online platform for their livelihood. It brings significant change to our society.

It is especially true on the African continent; every aspect of African life has gradually been moving online: Business, entertainment, social causes, media, and politics. We can hardly find any industry or leisure activity that has nothing to do with the internet.

How The Pandemic Put Harness On The Trading Industry:

The pandemic forced many people to stay home, whether working or not. At the same time, the online platform plays as a medium of investment. Almost every country on the continent uses online space for investment and business growth.

Necessarily, the online trading industry shows a miracle in the pandemic situation. According to the statement of Online CFD brokers, “we have seen a considerable increase in trading activity this year”. The percentage is counted even as high as 300% by some analyst.

As people were forced into their homes, many with uncertain employment futures, a significant fraction turned their thoughts to alternative income streams. Though CFD trading is a high-risk activity, it can also prove to be a reliable source of funds for those with dedication, caution, and patience.

Nevertheless, the initial surge in interest has cooled somewhat; online trading has continued to see a much higher interest level than previous years. Brokers see a larger number of millennial traders than they usually do and are pivoting their business focus to adapt.

Professional traders expect more from the mobile phone as they frequently use this as a trading device. Also, they expect that mobile trading platform should be more flawless so that they can enjoy the best user experience. 

On the other hand, it is necessary to deliver the best educational content and market analysis by brokers. It will undoubtedly benefit traders. But the content should be more clear, concise, and suitable. 

The current generation of traders is interested in trade the financial market with a variety of trading instruments. Meanwhile, traditional CFD traders were satisfied with trading a few asset classes. However, expert traders are mostly attracted to the whole cluster of CFDs available, including equities, precious metals, bonds, energies, etc.

Last Words

Though history shows us that we don’t learn from history, still it’s a great time to refresh and start anew. We will get through this by seeing every challenge as an opportunity to serve others better. It begins with accepting that the world is more significant than what’s right in front of us.

Source: FinSMEs

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Deriv Multiplier-The Samurai Way To Generate Trading Profits

Deriv Multiplier-Binoption

Deriv Multiplier-The Samurai Way To Generate Trading Profits

The benefits of using multipliers are not unexplored, though many traders haven’t heard about Deriv multiplier. In trading, traders essentially use multipliers as a tool to limit risks until the market continues to move in the direction that one has predicted.

Now, the significant concern is what type of investment classes traders allow to use multiplier?

The mentioned platform allows you to trade Digital Options and CFD using trading multipliers. However, in some cases, it will depend on the broker.

Most of our readers are completely familiar with the Deriv. But we are commending you for reading the Deriv review to know about the company, benefits, and some other major specialties.

In today’s blog, we aimed to introduce this amazing trading tool that helps many traders to save their account from blowing up. 

Let’s get started.

What Is Deriv Multiplier? - Video Explanation

Types Of Deriv Multiplier

Well enough to start from the multiplier’s basic introduction, but as I mentioned before, we recommend you go through the Deriv platform review. The trader can trade two multiplier products on this platform.

One is Up Multiplier, and another one is Down Multiplier.

Basically, the up multiplier allows traders to profit by closing a position when the entry spot price is lower than the market price.

On the other hand, the down multiplier will allow traders to earn profits by closing positions when the market price is lower than the entry spots. 

It measures your benefit as the percentage change in the stake’s sum in market price periods and the multiplier value in both cases.

Why Trade Multipliers On Deriv?

Undoubtedly, Deriv is a powerful trading platform that offers multiple trading classes using the best three trading types. The usefulness of this multipurpose platform is not unclear to traders. 

Those who are previously traded through the Binary.com platform can switch to their latest innovation. Use your Binarycom login details to start trade on the Deriv platform. 

But why this platform is the best choice for novice traders? 

Obviously, the benefits that they offer are more delightful than other platforms. Even using this broker will be a privilege for traders if they plan to adopt multiplier.

Let’s see what these are-

  • Traders can customize contracts according to their style. It will definitely help them to manage risk. 
  • If you are planning to limit risk to your stake amount, then the multiplier is the best choice. It will increase market exposure. 
  • Surely the platform is secure and responsive.
  • Get expert and friendly support from their customer service team.
  • Offered on forex and synthetic indices, you can trade multipliers 24/7, all-year-round.
Open a demo account

How Multiplier Contract Work?

The multiplier contact is a prominent choice to safeguard your profit from drowning.  Moreover, the working process of the multiplier contract is also straightforward.

For multipliers trading, the following markets are available – 

  • Forex
  • Synthetic Indices

You have to follow the three leading steps that we mentioned below: 

  • Define your position
  • Set optional parameter
  • Purchase your contact

The first step is the primary level, where a trader will select the market. After selecting the market, they will set the essential parameters, including trade type, stake amount, and multiplier value.

Here, the broker considers stop loss, take profit, and deal cancellation as an optional parameter. Mainly, the optional one will give you more control over your trading. 

Lastly, purchase the contract if you are satisfied with the position you have defined.

Free multipliers trading

Things That You Can't Ignore

No matter which trading form you use, it is mandatory to gather all required information before each big move. Particularly, the following points are recommended not to ignore. 

Below, we will mention one by one. Please remember these rules before opening any position. 

  1. However, we will close your position with or without a stop loss if the market moves against your prediction. On the other hand, your loss needs to hit the stop-out price as well. Initially, the price of the stop-out is the price at which your net loss equals your stake.
  2. At the same time, you can’t use stop loss and contract cancelation functions.
  3. You can’t use take-profit and contract termination functions at the same time.
  4. The broker won’t allow you to close and cancel features simultaneously.

Conclusion

There is no doubt that the platform is the best pick for any traders. As they offer a demo account, it is accessible to practice with an unlimited amount of virtual funds on our award-winning platforms.

So what makes you wait? It is time for a ninja move to open an account with the Deriv platform. The unique product feature won’t disappoint you as they are in the market for over 20 years. 

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An Option Trader’s Record Breaking Bet On Apple Stock

An-Option-Trader-Record-Breaking-Bet-On-Apple-Stock - Binoption

An Option Trader’s Record-Breaking Bet Of $1.4M On Apple Stock

According to the report of Yahoo Finance, one options trader made a bet of $1.4 million on Apple stock that went up this week. Apple Inc. ( NASDAQ: AAPL), one of the top-notch stocks on the market, rose 107.9 percent ahead of last year’s highly awaited 5 G iPhone launch.

However, before Tuesday’s iPhone 12 case, a flurry of major option trades was mixed. On the same day, Benzinga Pro subscribers received over 100 option alerts for unusually large Apple option trades.

Here Are A Few Of The Biggest

  • A trader acquired 316 Apple options at 10:04 a.m. with a $150 strike price expiring on January 15, 2021, near the $30,501 ask price. A $963,831 bearish bet reflected the exchange.
  • Another trader acquired 520 Apple call options at 10:29 a.m. with a $120 strike price expiring near the requested price at $14.50.0 on March 19, 2021. A $754,000 bullish bet represented the exchange.
  • Likely, a trader traded 1,535 Apple call options at 10:47 a.m. with a $113.80 strike price expiring near the bid price at $9.60. The trade represented a bullish bet of more than $1.4 million.

At 11:06 a.m., at the demand price of $17,351, a trader purchased 500 Apple put options with a $120 strike price expiring in Sept. 2021. An $867,550 bearish bet represented the exchange.

The fate of Apple’s share price will be decided much less by the iPhone 12 specs and much more. Rather, it’s on whether Apple’s first 5G-compatible phone standards have become so high that there is no way for the product to live up to the hype or not.

Long-term Apple stock traders already have doubled up their money anticipating the iPhone 12. That’s why a huge success already.

Source Courtesy: Yahoo Finance

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Why Do Most Trader Lose Money In Day Trading?

Why Trader Lose Money In Day Trading-Binoption

List Of 5 Striking Objective on Why Does Most Trader Lose Money In Day Trading?

Have you ever experienced to lose money in day trading? 

No wonder the list of failed day traders is relatively large. Indecisive situations induced by fear and anxiety, insufficient market knowledge, etc. are the pitfalls.

Moreover, after reading the previous three blogs on the Success in day trading, day trading risk ratio, and binary vs. day trading, I think you have a fair assumption of what’s going on in reality.

If you feel the same consequences, then it’s a RED Alert. But no worry as today, I am in a good mood to share the reasons behind the massive failure associated with day trading.

No more gobbledygook. Let’s get straight to the points to determine the 5 striking objectives on why traders mostly lose money in day trading. 

The Fear Brought By The Negative Statistics

Indeed, it is very true that only 10% of day traders can get ultimate success. Rest 90% of traders fail to get what they expect. So they just quit.

Similarly, it is also correct that winners go through many difficulties just as the rest. So, the difference here is the thought between the winners and losers.

On the other hand, novice traders already have inner anxiety that they will walk into the same path that makes them lose more money. 

So, for you, who thinks a similar way, have a quick look at the statistics below. 

  • Approximately 90% of people quit within three months of hitting the gym.
  • Roughly 90% of people give up practicing the guitar within the very 1st year.
  • Essentially, 90% of people regain the enormous weight they lost within a short time.

Do you need any more such statistics? 

All of these are true. You can even check it out on google. But the question is, does that mean that you’re not going to go to the gym or play guitar, or try to lose weight?

Not Listening To What Market Whispered

I agree that you have already gained the fundamental trading skills. But do you know, it is still the market that will dictate price action at the end of the day?

Therefore, traders who can not see what the market is whispering to them always struggle. Your skills alone will not generate your desired profits if you cannot apply these in the proper context.

Hopefully, you have heard Mike Bellafiore saying,

The market has rules. When one disobeys the rules, the Mother market reaches into your pocket and takes what is hers. And she doesn’t give it back.

Wow, so perfectly told!

Not So In Love With Trading

Many studies showed that people who have the job they enjoy the most have a 99% higher chance of success. One would hardly be motivated to pursue deliberate practice and skill development with no curiosity and enjoyment for the craft.

That is why most people continue day trading until they have temporary curiosity. Then they got bored and just quit and pursue something else.

Unrealistic Expectations

Believe it or not, success in day trading will take tons of time and ego-crushing losses. Those beginners who expect it will make him rich within a short time, give up as soon as they realize it will not meet their expectations.

However, a trader’s unrealistic profit expectations might harm them, even if they have a method based on an excellent set of tools.

It may lead a trader to commit inevitable mistakes that those with more excellent experience and realistic expectations may not.

Not Having A Professional Mindset

It’s also a crucial fact behind the colossal failure of day trading.

Successful traders tend to move slowly and steadily based on their plan and market analysis. They do not anticipate and move without market confirmation.

Also, traders invest time in learning new things regarding the market to be ready for any unwanted situations. It also helps them clarify all the misapprehensions, scams, and fake information about trading.

Moreover, all these factors also allow them to make the right decisions afterward. At the same time, they continue to practice what they have learned.

Final Touch

Undoubtedly, even experienced traders also face losses. But they move forward with their failures as a lesson. 

Experts make plans for losses and win as there is a risk in all kinds of financial investment. Their goal is to make the best trades; making money is secondary.

So, Don’t hesitate to step forward!

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YokeF Binary Exchange – An Enthusiastic Launching Event At Vietnam

An Emotional Launching Of Yokef Event-Binoption

YokeF Binary Exchange - An Enthusiastic Launching Event At Vietnam

YokeF Binary Exchange launched the official event of the YokeF product in Vietnam on September 26, 2020, along with the tournament, “YokeF changes your life.”

The award function was held solemnly at the JW Marriott Hotel. Moreover, the event was a great success with many partners, agents, and famous KOLs in this field.

It created a premise to spread the binary option perception and YokeF exchange with ultimately advanced and superior technologies closer to the Future Vietnamese users.

The 3-hour program lighted the event’s atmosphere full of excitement from special performances, touching songs of a well-known Vietnamese singer Le Bao Binh towards participants. Online audiences also enjoyed the program via Livestream on YokeF social media.  

Furthermore, the awarding activities of “YokeF changes your life?” competition with valuable rewards such as Mercedes Exclusive C200, SH i125, MacBook Pro to the winners had boosted up the event to the “HOTTEST” level of attention from audiences.

Yokef-Event-Binoption

YokeF is a binary platform, especially for Vietnam traders. However, traders from all over the world can also perform trading. 

The event was broadcasted officially on the YokeF Facebook fan page and enticed over 1,100 viewers and approximately 800 shares. 

In particular, YokeF also has valuable prizes for their subscribers and event-attendees who took part in various mini-games throughout the launching event. 

Moreover, the audience experiences the YokeF product directly through the event to try for future investment intention. 

The luckiest winner of a mini-game at YokeF launching event received an iPhone 11 Promax worth nearly 25 million VND.

Besides that, YokeF gave away hundreds of gift codes from $20 and $100  to the viewers who watched and shared the Livestream to spread the YokeF launch event widely to the Vietnamese traders and investors.

Yokef-Event-Promotion-Binoption

Finally, we are glad to receive many greetings and contributed opinions to us after completing our event. 

Once again, YokeF would like to thank all of our partners who have been interested in and attending the program. Thank you to everyone for believing and conducting YokeF in the past time.

Also, we hope our partners and users will continue complying with YokeF in the upcoming events.

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How Successful Is Day Trading? – A Brief Overview

How Successful Is Day Trading-Binoption

How Successful Is Day Trading? A Brief Overview Of The Success Rate

According to an article in Forbes

Day trading is the new sexy that gets an inordinate amount of hype.

It’s true so far.

By any chance, are you thinking about start day trading to meet your living expenses?

If yes, then you are worrying about something, I guess!

The success rate of day trading! Isn’t it?

Don’t worry! A web search for the term ‘day trading for a living’ displays encouraging results. The overall message is that day trading for a living is hard but, with sufficient training, reasonably possible. 

So, we have studied thousands of traders to give you a brilliant answer to your worries. And today, our goal is to inform the result to individuals who are considering day trading as a viable career.

Let’s get started! Time to reveal how successful is day trading.

How Successful Is Day Trading?

The ultimate success rate depends on the skills, behaviors, strategies, and overall trading plan of a day trader. Thus it is not entirely possible to answer the question of how successful day trading is.

However, in a recent study on 19,646-day traders, we have got a shocking result.

Guess what!

Less than 10% of traders have got success in day trading. The number is pessimistic. Yet it has an understandable reason behind it.

From the total number of traders, only.

1,111 (5.7%) day traded only one day, 9,978 (50.8%) between 2 to 50 days, 3,100 (15.8%) between 51 to 100 days, 2,738 (13.9%) between 101 to 200 days, 1,168 (5.9%) between 201 to 300 days, and 1,551 (7.9%) for over 300 days.

So, based on the persistent traders’ number, the success rate is not that bad.

However, we have seen many traders who have reached their goals and become inspirations for the newbies. 

For example, Ross Cameron is a successful day trader who made $222,244.91 repeatedly in 2016. His primary strategy focuses on trading momentum on stocks priced under $20. He looks for stocks that can move 20 to 30% in a day. Identifying these stocks takes up most of his strategy.

He said, 

Day trading is an exercise in repetition. Keep your trading strategy simple.

Day trading is tricky. But it is not impossible. You can improve your chances of success by taking the time to prepare. 

During the first year, you’ll want to handle trading losses and still be able to pay your rent and buy your groceries. Knowing that you can cover your necessary expenses will give you more confidence, and that can help your performance.

You never know what kind of setup the market will present to you. So, your aim should be to find an opportunity where the risk-reward ratio is best. 

Sometimes, day trading enhances yours over trading mentality. Know how to control improper trading psychology before its too late. 

Present Situation Of Day Trading In The Market:

Governments worldwide have introduced Quantitative Easing, which is a massive injection of capital into the financial markets. It causes a blistering increase in money being invested in the stock market. 

The result is new market volatility and volume that has been a blessing for day traders. The recent financial crises have also caused the markets to become erratic. The problem causes the need to move much faster, and day traders are still capitalizing on the uncertainty.

Think a recession can stop you from making money? 

For the typical employee, earning a living in a recession is no simple task. Jobs are scarce and being laid-off or losing your business can be detrimental to anyone. It is a truly liberating experience to no relies on anyone else for an income. 

However, it is excellent that day traders make more money when the economy is worse. As a day trader, there is only one thing we need to make money. That is the market movement. 

As long as the market is moving up or down, we can fill our wallet.

Isn’t it a blessing in disguise?

Why You Should Start Day Trading Right Now

When you trade daily, you don’t rely on anyone except yourself. For some people, it’s the freedom to spend time with their family.

And for others, there is no need to report to a boss or work 12 hours a day doing something they don’t enjoy.

So, trading offers not only a flexible job but also a relaxed lifestyle.

How Flexible Day Trading Is?

When we say flexible, we not only refer to travelling and the ability to take time off work. And we can also stay flexible with the fast-changing global world.

Remember, you only need an internet connection to make a living day trading. It is one reason we say day trading is a lifestyle, not a profession.

Many people trade a couple of hours a day, earn a high income. They have ample time to enjoy life and pursue their dreams. 

Can Anyone Do It?

If there’s one thing that we have learned about day trading, it’s that this is something that anyone can do. There is no need for college education or professional training. 

But you need to gather information and need to learn how to trade the financial market in an unfamiliar situation. 

We will provide you with all the information and support required to succeed.  

Final Words

So, day trading is risky but potentially lucrative for those that achieve success. The return of investments offered by it can be helpful. 

However, if you are interested, we recommend our trading guides and financial strategies to get enough knowledge on day trading.

Through our free proven educational guides, we have helped hundreds of learners in their learning, with many of them transitioning into full-time professional traders. 

We continue to refine the education process and shorten the learning curve by working with new and experienced traders alike. 

So, stay connected with us by sharing this with your connection. 

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How To Get Started With Binary Options Trading

How To Get Start With Binary Options Trading-Binoption

How Should I Get Started With Binary Options Trading As A Beginner?

Do you want to get started with binary options trading?

Undoubtedly, you are at the right door. 

Since the early part of the 20th century, Binary options have been available. However, in recent years, it has boomed in popularity.

The reason behind it is the easy accessibility of the internet over the globe. It was difficult earlier when binary options trading was 1st introduced.

It’s easier than ever to track financial markets, to engage in active binary options trading.
These days, many hedge funds revolve around binary options and use them to earn millions of dollars per year.

With that in mind, it’s clear that binary options aren’t going away anytime soon.
Many of you may have heard about this trading method and willing to trade as a part-time or full-time trader. But haven’t started yet because of a lack of knowledge on how to get started.

So, today we will host this blog on a crucial topic. But remember, life begins at the end of our comfort zone.

You wonder why?

Well, let’s get started first, you will know eventually.

Start With Gathering "What You Know" & "What You Don't Know"

First, Jot down all the information you know about options trading in a file/notepad. Then search for what you don’t know.  The task is straightforward as you know what you know and what you don’t about options trading.

But the hardest part is gathering all the concealed- information that you don’t even know, that you don’t know.

Moreover, the basics are unquestionably essential, but not enough. Go for in-depth knowledge and expert tips and tricks for expected success.

There is no way one can stop researching and learning in this career. Instead, we must be up to date with all the information. It will prevent us from committing any silly mistakes, which leads to a fatal conclusion.

Last, it will help you understand the market psychology.

Outline An Optimized Plan Circled With A Reachable Goal

Setting a goal is the essential step in turning the invisible into the visible. So, before starting, you need to outline a plan that will end up reaching your goal.

Indeed, there are many ways you can find just like an abstract square maze puzzle. And your trading plan is the pioneer that will show the right direction towards your trading goal.

Here is the tonic that can help you make a perfect trading plan.

Get Familiar With Brokers Platforms To Avoid Uncertain Disasters:

One of the toughest jobs while starting your options trading career is choosing the most favourable broker. As there are lots of scam brokers are prevailing out there in the market. So, you must be careful about this issue.

We doubt you can gather all points in the same basket as you are a beginner.

No problem at all.

Here are 13 facts that can influence your decision making while choosing a broker.

Unfortunately, many brokers appear to be helpful and kind during the sales process and give terrible after-sale support. However, all brokers are not perfect. Therefore, you must pick a broker with whom you can contact when a problem arises.

Automation Might Be A Good Choice

We always recommend automation to our readers as these robots are versatile. It helps traders to trade according to market fluctuations. It guarantees you a quick, safe, and secure 24/7 trading experience.

Trading robots usually trade with no emotional involvement. Therefore, traders can keep themselves aloof from random trading.

But choosing a scam robot can quickly put a trader into huge trouble. So, make sure you have done complete research on the genuineness of particular trading software. Also, don’t forget to make yourself skilled enough to run the bot correctly.

Get Started With Binary Options Trading (Demo Practice)

After completing all the steps, as mentioned earlier, do not jump right into the real market field. It will be a foolish act that can lead to blow up your account.

The demo account enables a trader experimenting with the trading platform and its various features, before deciding to set up a real account funded with the customer’s actual funds.

So, it worth consideration.

Few Words Before Farewell

Are you ready to cut the biggest pie from the market? 

Oh wait, don’t rush. 

There is no way to climb the stair of success unless you can come out of your comfort zone. Here, you will find the potential profits undercover of high financial risks.

So, you need to learn how to manage risks and follow the way of success by avoiding all underwater pitfalls.