The Options Forum

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Well, I don't consider it a "game" or "entertainment". To me, that's not a "game". Well, the good ones still make money when you lose, but you can make as much as you want without them messing with you. At the end of the day, your trading and money management would decide that. Also, you gotta be careful about people who scream scam for everything.

Regardless, my point is you can make as much as you want i. I personally know people who do multiple 6 figs trading BO monthly,not sure why you are so irksome, drink some cold water dude. Why the hell is Banc dick options day trading forums in the list of recommended brokers on this site? So the question is, can you make sufficient money with binary trading on a daily basis that is enough for a peaceful and humble living? So, you know, just living simple. I do not desire luxury or fancy staffs.

My monthly budget is around usd and live with it with options day trading forums family ok. If I make an extra usd that's already good for me. Guess options day trading forums from there with time but with minimum time consumption daily. Do you see this achievable? Thanks for answers in advance. Thu Apr 5 Tokyo: October in General.

I'm with IQ Options. Is anyone making a living from this broker, and having no issues with regular withdrawals? I'm worried that, if Options day trading forums consistently winning, a Broker might choose to not pay me? Also, would it be 'safe' enough to withdraw at least 5,K a month 50, a year from IQ or any regulated Broker?

It's pretty quiet in here- that O guy said he has a thread posting his trades - I'll see you over there. I've been trading binary for many years and you can be profitable. What you need to keep in mind is that this is trading for entertainment more than anything else, like playing a game, and not an investment strategy for your retirement. Yep would also like to know this! October edited October Im working with fulloptionstrade its really good broker and great platform.

That is a great number. I think it's possible to do full-time binary options trader, however, be very careful with which broker you trade, because, some brokerages close accounts to options day trading forums who are too profitable.

Best to have several brokers and different accounts to spread your winning around and stay under options day trading forums radar. Are you a billionaire? I don't know about making options day trading forums living at this. But set a reasonable goal and work hard to achieve it. So I have set a goal with a money management strategy.

Hopefully the trading strategies I use will get me there. I'm taking binaries as an interesting and educating hobby. Really, don't think that it will become my living someday, but it is exciting and I like to learn the markets and my own possibilities. To take it seriously? Hell no, I'm prepared to lose, but I want to keep going till it entertain me enough. If you don't take it seriously you will never achieve trading for a living, just saying, fake it till you make it, treat it like a business and it will options day trading forums like one, trading options day trading forums fun is ok but trading for long term success is better.

December edited December Yes I get it, you like watching guys in short talking BS for 10 minutes, happy for you. Guys pls advise me. I been a millionaire a few times, I know enough about the world of the rich but I dislike it so no longer interested and quit those cycles for good some years ago.

I know how options day trading forums make a lot's of money but I know the costs which are not my priorities in life. My goal is to minimize my time to get the money I need for everyday living and have lots of free time for my loved ones. Time I value much more than money. You can believe in whatsoever you like, but the truth remains the truth, Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble. Trading Binary option has earned me so much profit beyond my imaginations from the comfort of my home.

With a small investment, you options day trading forums make great fortune. Just as Gihon commented much more than that is very possible. That way you can simply enter your success rate and start making some consistence profits, regardless of your strategy, a good money management strategy is the key to success in any trading. Sign Options day trading forums or Register to comment.

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Positions are all closed by the end of the trading day. Now that we know what day trading is, who or what are the day traders? The rise of electronic trading and margin trading software has become available to individuals from around the world. So, if this trading method is available for everyone, how does a beginner get involved, and are binaries a good starting point? Commodities such as gold, oil or things like grain prices can also be traded.

Cryptocurrencies like Bitcoin and ethereum are a huge market for day traders at present too. Futures require more and stocks require the most money to be invested in for day trading. Binary options offer low cost entry for anyone wishing to day trade. Their drawback however, is a lack of leverage. Whether this is a big factor or not will depend on the trader — leverage increase market exposure, so the fixed price element can actually help is terms of managing risk — but also limits potential profits.

Once you know your asset, as an individual day trader, you need the proper equipment and software to commence day trading. In addition, day traders require a fast internet connection. You want to be sure your tables and charts are updating as quickly as possible. Along with all this, you need a trading platform and a broker to commence trading.

As a trader starting out, you will want something easy to use and not too complicated. We recommend traders try out the demo accounts associated with most day trading platforms to get a feel of which software platform performs best. As for brokers to go with, make sure they are reputable and regulated, along with low fees, tight spreads and maybe even bonuses.

Learning via virtual accounts is superior to books or courses. Hands on experience introduces trading psychology though this is increased hugely with a real money account. Another important aspect to consider before you actually start trading is the time of day and how many hours a day you will be trading. The best trading hours are usually around the market opening and closing times. Forex in particular presents interesting opportunities in terms of trading hours.

Currencies are traded around the clock with no central market. This means multiple volume peaks and troughs as new regions wake up or shut down. These time zones cycles apply equally to cryptocurrencies.

Day trading on Bitcoin or Bitcoin cash will continue around the globe. Cryptocurrency has added a whole new dimension for day traders. Risk for this type of trading needs to be managed in two ways, trade risk and daily risk. Trade risk is how much you are willing to lose on each trade. The fixed risk of binary options can help is managing risk as the amount put at risk is known at the outset.

A trader will manage this by choosing an entry point and setting a stop loss. The stop loss will remove you from the trade if you reach a certain level of loss for that trade.

Daily risk is like trade risk in the simple fact that they both limit the total loss amount; only daily risk limits the total losses for a single day. In doing this, bad days are restrained from being too bad and can be recovered by a typical winning day. There is no clear tax applicable for day trading. Different regions view taxes differently — and binary options are different again.

Tax also depends on whether you view your day trading as a career or a hobby. For this reason, it is important to seek local advice. All you need is one strategy to focus on, and implement it over and over again. Try out a strategy on a demo account first to see how it pans out. This strategy relies on market volatility.

It can be used alongside other technical indicators and tools that you find on our trading platform as it relies on spotting trends. It involves buying these and conversely selling the worse performing assets. Being well informed and knowledgeable of current market moving news is instrumental to the success of this strategy. There are many aspects involved with this strategy, and before implementing it in to your routine, learn all about it to become fully aware of its intricacies. Even practice on a demo account first to acquaint yourself without risking your capital.

Binary options however, suit intraday trades just as well, if not better. Here is a breakdown of how binaries differ from more traditional trading tools:. So, there you have it, all you really need in day trading is consistency with trading hours and times, a set risk level that you unswervingly follow, and a strategy that works most of the time. Binary options can certainly be used within that framework. However, nowadays just about anyone can become a day trader.