Category Archives: Binary & Forex Trading

3 Proper Money Management Trading Tips

   Most traders begin their trading career, whether consciously or subconsciously, visualizing “That One Big Trade” – the one trade that will make them millions and allow them to retire young and live carefree for the rest of their lives.

The reality and the cold hard truth for most binary options traders is that, instead of experiencing the “Big Win”, most traders fall victim to just one “Big Loss” that can knock them out of the game forever.

Here are 3 Proper Money Management Trading Tips you MUST implement.

Altos Never bet more than 5% of your bank

This is the general rule of seasoned traders. For example. If you have $100 in your broker’s account, take $5 trades. Most brokers payout 80%/winning trade so this would yield you $4 profit.

If you take 12 trades/day and win 10 of them, you have just made $40. Do this 5 times/week and you made $200 for the week.

Do this for 4 weeks and you have made $800. Perhaps that just paid your mortgage or car payment for the month. Makes sense right?

http://owlandmonkey.co.uk/product/going-shopping-friday-3rd-july-11-00-am/ Set Realistic Income Goals

It’s easy to get caught up in the hype of making big money the day you start trading. This is the furthest thing from the truth. First, you need to crawl before you walk, and you need to learn how to walk before you run.

Proper Money Management when trading takes an enormous amount of mental disciple. Setting realistic income goes should be your #1 priority. For instance:

Set a goal to make Amstelveen a certain amount of money/day as opposed to taking a certain amount of trades per day. This will help you mentally. Seeing your account grow every day will give you the ambition to keep going and not give up.

You got into trading to make money, NOT lose money so don’t bite off more than you can chew. As your money compounds, you will be able to take larger trades, therefore making more money per day.

Lose 3 Trades & Walk Away

Binary Options trading is a real business involving real money so you MUST treat it that way. I have always followed the rule of “lose 3 and walk.” It’s a known fact if you begin losing money while trading, you will start making undisciplined moves to recover those losses. I compare it to folks gambling in a casino. Have you ever lost money in a casino, then became so emotional, you dumped more money in to try to get that money back?

Trading is not a casino. If you lose 3 trades, walk away for 15-20 minutes to clear your head before trading again. Once you come back, you will have a clearer head hence enabling you to make more disciplined decisions and trades.

Other steps you can take, are creating a vision board and keeping a journal of your daily trading activities.

I hope these Proper Money Management Trading Tips helped you. If you have any questions, please don’t hesitate to reach out.

Blessings & Abundance,

Anne Theriault

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If you don’t have a Solid Binary Options trading plan or strategy and you’d like to become a student of mine you can do so by enrolling in one my Trading Courses and get full support from me. Click here for more info.

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4 Necessary Steps For The Beginning Trader

Although everyone wants to be then next great trader, this is a tough business and very few are able to profit over time. It isn’t because there aren’t enough strategies to become profitable. There are plenty.

Today I will discuss 4 necessary steps  you need to implement to become a successful trader.

NEVER Allow A Broker To Trade For You Or Take A Bonus: Although it may sound very tempting at the time, NEVER accept a broker bonus.

Binary options bonuses, while being advertised clearly and used as marketing campaigns, come with specific terms and conditions. These limitations serve to protect the broker from abusive practices and are normally as follows:

– A bonus cannot be withdrawn if it leaves the funding account empty
– A user has to be active on a platform for a certain amount of time
– Users are required to have traded a set amount of funds before a bonus amount can be withdrawn. This can be impossible to EVER withdraw funds, even your profits.

You also should NEVER allow a binary options broker to trade for you. Brokers are simply the intermediary between your trading account and your bank account. Brokers are not traders, They are sales people.

Test Before You Trade – Don’t put your hard-earned money–not to mention your time and effort–on the line until you’ve tested out the strategies that you’re trading. That means you need to have strategies, and you have to track their performance. That can be accomplished historically, through real-time simulated trading, or both.  Always use a demo account before you start putting your money into the market. I advise my students to test each strategy in demo at least 500 times with an 80% win rate before going “live” trading with their hard earned money. There are many trading platforms that allow you to open a practice or demo account. A good one to start and the one I use is MarketsWorld.

Never Trade On Emotion: It is essential to keep a clear head while making any decisions about binary options trading. Beginners should avoid trading when they are emotionally disturbed, as emotions can create havoc with your trading. It is very easy to make the wrong decisions in an emotional state, so it is advisable to stay away from any form of trading until you’ve calmed down and cleared your mind. Binary options trading is not a casino. It is a REAL business. If you lose a few, take a break and go do something different. Allowing emotions to get in the way will more than likely cause you to make bad decisions, therefore losing money.

Educate Yourself & Learn Every Day: This may seem obvious but many new traders get so caught up in the exciting prospect of earning large amounts of money that they skip this step. They jump in without fully understanding how to trade and lose their funds. They get discouraged and eventually quit. Trading is a REAL business and for many who are consistent, it becomes a lifelong profession. If you were studying to become an accountant, a doctor, a lawyer, or any other profession, you would have to go to College first right? Same is true with trading. You must learn the business before you can profit from it.

I hope these 4 Necessary Steps To Becoming A Successful Trader helped you. If you have any questions, please don’t hesitate to reach out.

Blessings & Abundance,

Anne Theriault

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Tips For New Traders

   Trading in binary options is one of the popular trends in the financial markets today. Many folks are silently sitting behind their computer rolling in the profits. Both experienced and novice traders are rushing to include them in their investment portfolios. Just like any other trading platform or business, you must have a strategy to use in order to consistently be making money.

If without a strategy or a tactic to help you trade in binary options, you might as well consider yourself gambling. Relying on luck is not very safe in trading binary options as it will eventually not work for you and might end up losing all of your investment. You will need a solid technique that you can use every time, which will help you make the right predictions. Moreover, you need to employ a strategy that you understand well and which consistently increases your chances of winning.

Fundamental Analysis Strategy

This strategy is concerned with the analysis of the behavior of the overall performance or attributes of a company. As an investor or trader in binary options, you are interested in knowing about the health of the balance sheet, income statement and the cashflow statement of the company before you consider buying an option. The other factors that you should check out include the employee and the business partners’ satisfaction. In short, this strategy tries to look at the overall picture of the business they want to invest in their stock and at times the overall industry.

Technical Analysis Strategy

This is a quite popular strategy in options trading. It is mainly concerned with the study of the past, using different parameters such as charts in order to predict the future price of an asset. This method is not concerned with getting the intrinsic value of an asset. It’s quite useful in options trading because as a trader, you don’t have to delve into the company’s financial statements. Among the tools used in technical analysis include Bollinger bands and Moving Average among others.

Algorithmic and signals

There are apps which are sold and which are very good at trading or analyzing the market data. You might find it appropriate to invest in such an app. This app is installed in your computer and gathers data that you want and then analyzes it to come up with the best possible outcomes. Technical and fundamental analysis data are used here.

The computer will then pick a trade for you to trade in. You could even go ahead and design the app to be actually trading for you. You will however need to be regularly updating the raw data that the app picks its analyzing details from.

Brokers and Broker Bonuses

NEVER allow a broker to trade for you, nor should you ever accept a broker bonus. Accepting a broker bonus will make it extremely difficult to withdraw your earning when the time comes. I have used Marketsworld for the last 3 years and have never had any issues withdrawing money.

Never Trade on Emotion

Never allow emotions to interfere with your trading. If you lose a few, take a break and go do something different. Allowing emotions to get in the way will more than likely cause you to make bad decisions, there for losing money.

I hope these tips on trading helped. For more in depth training, you can check out my trading course, as they are on sale for a limited time.

 

 

Blessings & Abundance,

Anne Theriault

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Understanding Support & Resistance When Trading

2016-12-01 Often times I have been asked to describe the difference between support and resistance in regards to trading. Support and resistance are some of the oldest forms of technical analysis concepts which form the foundation for many trading strategies.

Support levels are basically the points where the price had a hard time pushing down through in the past. In other words, a support level is a level where a price stops falling.

Resistance levels mark areas where the price couldn’t rally or break through.  In other words, a resistance level is where a price stops rising.

Below is a video excerpt from one of my binary options trading courses. I explain the difference between support and resistance.

 

When utilized correctly and with patience, implementing support and resistance methods when trading can keep you in profit every day.

For more in depth binary options training, you can check out my binary options trading courses through this link.

For  a VERY LIMITED TIME, the prices have been knocked down 60%.

It’s a proven FACT…the more you LEARN the more you EARN!

Blessings & Abundance,

Anne Theriault

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Tricks With Wicks & Candlesticks In Binary Options Trading

2016-09-07

This video is part of my trading course “Binary Trading Strategies Unleashed.” I’m giving this away as a freebie so you can get an idea of exactly what my courses are like and decide if you want to invest in yourself and take your trading education and income to a higher level.

Hope you enjoy!

 

If you are interested in learning more, you can check out My Binary Options Training Courses.

Enter coupon code: money and save $10!

Blessings & Abundance,

Anne Theriault

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If you are looking for a reliable broker paying up to 90% per winning trade, no withdrawal fees and quick 48hr withdrawal time from broker acct to your bank… check out Marketsworld