Binary Options Advice Before Starting Trading
Starting binary option trading is a good choice, but it needs to be prepared and know about some strategy for binary options. Indeed, since the explosion of binary option trading, some brokers have taken advantage of this type of trading to fill their pockets with questionable practices. So we invite you to follow the following binary options advice:
Set A Monthly Trading Budget
Trading can be intoxicating, and the psychological part of trading has a very important influence on your results. Before you start, set a fixed monthly budget and don’t exceed it. With a first investment of $100, you will be able to start and get a precise idea of binary option trading. In addition, after your first deposit, you often receive a training account.
Follow The Binary Options Advice From Your Account Manager
This account manager is there to advise you and keep you abreast of the latest trends in the financial markets. His advice will often be relevant and do not hesitate to ask to be contacted regularly.
Some Facts About Forex
Forex is a global market. It is the second-largest financial market in terms of overall volume. It is essentially speculative with quick transactions (buy and sell). The goal is not to obtain shares of currency but to speculate on its evolution. The Forex market is 2 times less volatile than the stock market. It is, therefore, more stable than buying company shares.
Forex is inaccessible for individual traders but also more experienced traders. Indeed, until the publication of the European MiFID directive, transactions were only possible via a banking institution with minimum transaction amounts of several thousand Euros. Since 2004 and the publication of the Directive on Markets in Financial Instruments (MiFID), Forex trading has become accessible by passing through Brokers.