If you’ve found this site, you’re likely looking for some information, help, coaching or instructions on successfully trading Binary Options. Maybe you’re already a successful Binary Options trader and are just looking to sharpen your skills or learn some new Binary Options trading strategies. Either way…you’re at the right place! There is always something to learn when it comes to trading stocks, commodities, or currencies via Binary Options. Read on…you just might learn something.
Let’s face it…the vast majority of us that trade stocks, commodities, forex, options, etc…are NOT professional traders. We’re just looking to make some extra coin or we just trade as a hobby because we like the excitement that comes with watching our money grow quickly. Trading Binary Options is basically the next best thing to gambling inVegas, and just like Vegas, if you don’t know what you’re doing and don’t have any discipline or a strategy in place…the house will always win. You can’t go into trading Binary Options blindly and make trades on a whim or hunch…YOU WILL LOSE, GUARANTEED! But, if you stay disciplined and adhere to your strategies and systems, you can definitely beat the odds and make A LOT of money trading Binary Options.
I’ve traded long term options for years with some success…still do, but you just can’t beat the excitement that comes with 15 minute, 20 minute, or even 60 second Binary Option trades. When I decided to jump into trading Binary Options, I was pretty lost and more curious than anything. I hopped in, funded my account with a Broker (24Option.com) and started making small $25 trades. I only started with $250 bucks as I didn’t want to risk much…I’m glad I did. By the end of the week I was up to $500 (chump change, yes…I know) and was feeling pretty good about my trading abilities. By the middle of the next week I was up to $800 and starting to get cocky…but by the end of that same week I was back down to ZERO. REALITY CHECK!
I said…”yeah, screw this…too much like gambling.” But, WOW! It was fun and I was hooked. I knew I couldn’t just keep trading recklessly though, so I started doing my homework. I wanted to know exactly how these guys were making over $20,000 in a week starting from $250 bucks. What was their strategy? What did they know that I didn’t? If I could only look over their shoulder…if I could only watch them trade and make the same trades they made in real time…I wouldn’t have to reinvent the wheel, I could just mimic a successful trader, learn their strategy and apply it to my own trades. I needed a Binary Options coach…a mentor. Luckily, I found one…Franco.
Franco is a veteran trader and very successful binary options trader that trades full time. He runs a subscription service called Binary Options Trading Signals. As a subscriber to his trading signals service, Franco allows you to log into a webinar type screen-sharing/conference service and literally look over his shoulder at his desktop while he trades Binary Options. He talks the entire time as well and explains the trading signals, why he’s getting into the trade and for how much or why he “wouldn’t touch it” and would wait for a better trade. All you have to do as a subscriber is watch, listen and trade along with Franco by copying his every move.
It’s a video conference type setting where there are several other Binary Options traders from around the world trading right along with you and Franco. Franco is the only one talking though, so it’s not chaotic. There is a chat box at the bottom of the screen where you and others can communicate with Franco, ask him questions, talk about various trades, strategies, etc… Some of the traders are veterans that trade full time, some are brand new and have never made a trade in their life. Some trade aggressively (20+trades a day at high amounts) some are conservative (just a couple of trades a day at lower amounts), either way it’s a great atmosphere and a perfect way to learn the proper strategies that will allow you to successfully trade Binary Options full time if you so choose.
This was exactly what I needed…some good coaching and to learn some successful strategies for trading Binary Options one on one. Franco trades Mon-Fri, 9:30AM-11:30AM (EST) and sometimes from 1PM-3PM (EST) as well. He always trades in the morning and depending on how the market is that day, he trades in the afternoon too. I trade with Franco usually 3-4 days a week as time allows. I simply login to the conference page and trade right along with him. Sure, he doesn’t win them all (no one does), but he wins a lot more than he looses, and that’s the whole point of trading anything in the markets…more winning trades than losses. Franco often has $1000+ days and he consistently has a solid 75%-85% winning trade percentage. Those are odds I can certainly live with and beat Vegas odds any day of the week.
For full details on Franco’s binary options trading service, visit his Binary Options Trading Signals site by simply clicking on the highlighted hyperlink or clicking the banner below.
If you have any experience, questions or comments regarding trading Binary Options or trading with Franco, please leave them below or reach out to me via email: email@example.com
Happy trading…we’ll see you in the room!
Below is a video of Franco trading Binary Options live. This is a peek of exactly what you can see and follow along with every day when you trade. Stop gambling with your money and start learning the proper strategies for successful binary options trading. Click the banner below the video to learn more about this service and start growing your broker account with Binary Options Trading Signals!
The following discusses how to trade binary options – tips & secrets. If you are interested in binary options trading, you may want to take a look at the Binary Options Trading Signals subscription service mentioned above…it will save you a lot of time, money and frustration by allowing you to watch a successful binary options trader trade live and in real time. But, if you’re determined to go it alone…keep reading. Most of you out there may have a reasonable idea of how to trade binary options. The problem is that you may not know the best tips, tricks & secrets that are needed to be at the top of your trading game. Read on to learn some basic rules of thumb when trading binary options and take them to heart…they’ll save you a lot of money and frustration in the long run, I promise you.
Trading binary options simply isn’t for everyone. Some people can stand the volatility, the pressure and emotional rollercoaster that comes with it, and some people can’t. Even among the few who can handle the heat, fewer yet will ultimately be successful doing it. While no exact rules can dictate what makes a lucrative binary options trader, those full time Binary Options traders who are legends for making killer winnings in a short amount of time all have a few characteristics in common.
1. Successful binary options traders can fight their instincts and act counter-intuitively.
2. Successful binary options traders maintain a regimented system that’s as easy and efficient as possible. It rarely makes a difference which system you use – momentum strategy, reversal strategy, Pinocchio strategy, 60 second strategy, straddle (no- touch), for example – as long as you adhere to it. A successful trader knows the benefits, as well as the shortcomings, of their system and executes trades based solely upon the system. “The secret to success is consistency of purpose.” This means, you must create separate tactics for establishing positions and closing them.
3. Successful binary options traders calculate risk and make decisions that lower their risk exposure. Successful traders abhor losing money and manage their losses before they become too great, even if that entails throwing in the towel and acknowledging they made an incorrect call.
4. However, successful binary options traders are not afraid of mistakes or taking chances. Successful traders have what Native Americans refer to as, “sovereignty,” which is the right and capability to do the wrong thing. Essentially, sovereignty is the courage to make your own mistakes, for it’s from our greatest failures that we learn the most.
5. Successful binary options traders are not embarrassed or afraid of taking losses. In fact, they expect them and know that an important part of trading is limiting losses and preserving capital.
6. Successful binary options traders master how to analyze the stock, commodity, forex they’re trading. Many traders only use one form of analysis or seek research from one source, but comparing various reports and charts can give you a better picture.
7. Successful binary options traders lead balanced lives. The rush that a homerun trade can produce is addictive, but a successful binary options trader knows when to walk away – and more importantly, has something to walk toward, whether that is family, friends or hobbies.
8. A successful binary options trader cultivates patience. This means letting profitable positions run their course, but it also means that when the market turns against them, they have the patience to try again and approach the market resiliently, courageously and with confidence.
9. A successful binary options trader has a strong drive for success. Trading binary options requires steady efforts, not haphazard positions established cavalierly. Determination to succeed can make all of the difference when the market is tumultuous because many people abandon ship.
10. A successful binary options trader has discipline. That means reviewing markets and researching trades even if he isn’t in the mood. Discipline also means holding to your strategy – not jumping around because everyone else is doing it.
11. A successful binary options trader understands the tactical differences between defensive and offensive behavior, and when each is best used. First, preserve capital, then profit.
12. Successful binary options traders remain as emotionally detached as possible – this means ignoring rumors or Wall Street hearsay. They resist the temptation to join the crowd.
13. A successful binary options trader knows himself and is very objective about his strengths and weaknesses. Know how to combat your weakness and implement strategies that capitalize on your strengths.
14. A successful trader sticks to the rules – the rules they set for themselves. When markets are moving swiftly, it’s easy to lose your head. So, formulate a plan outside of the heat of the moment and stick to it to ensure trading success.