Hello everyone, Nosa here, back with anothertutorial about binary option trading. All my tutorials up to this point have been aboutpicking a platform, getting an education, finding a strategy and other subjects, butthose are just stops on a journey, a journey which I hope will take you all the way tosuccess in this exciting field. Today, I want to take a moment to talk aboutthe destination of that journey, the reason we're all here Success.There are a lot of ways of determining success in binary options trading Do you considerfinancial gainé Number of trades woné And even more importantly, how do you get to thepoint in which you can be considered as successfulé
Obviously, there is more than one correctanswer to this question because there is more than one way to get there.To me, there is one important quality above all else, one quality I feel can help turnyou into a successful binary option trader Patience.Skill will get you very far, Luck will carry you sometimes, Money will keep you afloatif you lose, but if you have patience, you can overcome most things the market throwsat you you will learn to strike when the time is right, to spend your money responsiblyand to watch the market go up down, resisting the temptation to get into uncertain situations.Patience will provide you with the tools needed
to succeed because it will teach you thatjumping at the first opportunity might not be the best or smartest thing for you, andit may also help you in the real financial world, not just with binary options.So wait for the best option, and you will be rewarded, that's how you become successful!.
3 Rules Followed By Successful Binary Option Traders
Hello everyone, I'm Lexie and this is my binaryoption trading channel. Over the last few tutorials I've talked a littleabout trading software, trading currencies and Facebook, activating your account andother topics and I hope you've watched those tutorials and was able to enjoy and get someuseful advice out of them. Today I want to discuss something simple yourfuture in binary option trading, or more specifically, how it can be improved.There are many rules to trading, too many for me to list here in one simple tutorial, butthere are 3 rules I feel are the cornerstone of knowledge, rules that every successfultrader must follow:
1) Set a limit and stick to it do not spendmore money on trading than you can afford to lose, I'm not a pessimistic person, butwhen investing it's always smart to prepare for losses rather than count on winnings,set your dailyweeklymonthly spending amount and stick to it.2) Don't chase your losses this one should be quite obvious when you chase losses itmeans you're trading with your heart instead of using your head to plan ahead, and thatis almost never a good thing when money is concerned.3) Study it is always better to trade assets you know. You know how they behave, how themarket affects them, how they react and so
on. Try to resist temptations even if theprice looks too good to pass up on an asset you don't know well you may end up regrettingsuch trades. Thanks again for watching everyone, see youon my next tutorial!.