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Published On: Mon, Jul 31st, 2017

How to Solve the Biggest Problem in Binary Option Trading

What is the biggest challenge facing a binary option trader? The experienced trader with several years of trading experience and strings of successful trades is not immuned to it. Newbie traders are more susceptible to it. It doesn’t matter your level of sophistication or what advanced knowledge you have; you’re still prone to this challenge and most often than not you fall prey to it.

photo/ См. ниже via wikimedia commons

Firstly, we need to understand what binary option is.  They’re an investment option in which a trader is predicting the value of an asset within a specific timeframe – the time could range from seconds, minutes, and hours to days, months, etc. In this type of investment, you have only two calls to make, hence the name binary. It’s either you make a call – you’re predicting the asset will rise in value or Put – where you’re betting the value of the asset to go down.

For each of the outcomes, you either make as much as 90% of your initial investment or loss all. This puts a lot of pressure both emotional and psychological on the trader. In fact, for every trade you make there’s a lot riding on it – either you win or loss.

This is the challenge facing every binary trader; the emotional and psychological pressure due to the high stakes.

How Do You Deflate These pressures During Trading?

The truth is you are human – with that comes the weakness of emotions which is counter-productive for a binary option trader. However, there’re tons of books, tons of guides, and tons of tips on how to keep your emotions in check during trading.

Here are some nuggets to keep in mind;

  • Don’t Invest When You’re Overly Excited: It makes sense to take a walk or stay away from your computer screen when you are in a heightened emotional state since this is the number one pitfall for professional traders as well as new traders. This allows you to trade only when you are calm and have your wits clear.
  • Don’t Over Analyze before Making a Trade: Often times, traders utilize too many indicators as part of their trading strategy. Keeping it simple should be your trading mantra.

What If I tell you there’s a Better System? Would you want to learn more about a system that eliminates errors inherent in human trading and has been proven over time to be profitable?

Let me tell you a little about this system; it is your auto trading partner – all you need do is set your requirements – budget, entry level, exit point, timing, trading strategy, etc. and go to sleep. This system will automatically place trading orders for you when all the requirements you selected are met.

What are the benefits of this system? You have a proven system working for you. For example see the results on binaryrobo365 and get to read what other traders are saying about using an auto trading system in their trading strategy.

Another benefit is you don’t have to spend all day in front of the screen just to make a trade. You have the time to engage in other activities that interest you

In conclusion, while trading binary option could be a daunting venture due to the volatility of the market and the erratic human emotions, it can still be made easy with the right system. This is where utilizing a trading robot comes in. This simplifies the task for you, freeing up your time, while making money for you.

Author: Pankaj Deb

About the Author

- Outside contributors to the Dispatch are always welcome to offer their unique voices, contradictory opinions or presentation of information not included on the site.

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