Tag Archives: successful trading tips

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– A bonus cannot be withdrawn if it leaves the funding account empty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– Users are required to have traded a set amount of funds before a bonus amount can be withdrawn.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

Please share this post on Facebook if you got value and think it would help someone.

Please reach out to me with any questions: E-mail: [email protected]

Connect with me on Facebook:

Follow me on Twitter

3 Trading Tips For Success & Profit

trading tipsMany folks are turning to trading in order to supplement their income, or to completely replace it. If you are a trader, here are 3 of the most important trading tips for success and profit. These are trading tips I have used which has allowed me to trade in profit and continue to compound my money on a daily basis.

Trading Tip 1: Education

Allow yourself time to learn how to trade. Have you ever seen a surgeon who didn’t master his craft before cutting into someone? You are learning a new skill, and it will take time. Many times I have seen folks begin to trade blindly, without any direction or strategy. This isn’t a casino, nor is it a lottery. Trading is a real business and must be treated as such. Learn what the markets are doing. Watch price action and different patterns the markets make at various times of the day. Practice on demo until you can hit 70-80% success. The only difference between a novice trader and a successful trader is about 500-1000 demo trades. Don’t be too eager to make profits until you feel comfortable with a certain strategy. You will know you’re ready when you enter a trade and absolutely without a doubt know it will win.

Trading Tip 2: Persistence

Persistence is KEY when trading. If you trade for a few days, take a week off, trade for a week, then take a month off…you will not be successful. Practice every chance you get. Turn off the TV. Put the cell phone away. An important part of being persistent is self-sacrifice, which is the willingness to postpone current enjoyment for future benefits. When I first started online in 2009, I ditched the TV for about a year. I didn’t date, I didn’t travel…I immersed myself in online education and perfected my craft. I learned as much as I could in order to establish myself for where I am now.

The action takers are the ones who reap the benefits. Trading is fun and once you begin to see profits, you will look back and be very proud of yourself for making the sacrifices you did in order to get there.

Trading Tip 3: Mindset Mastery

Traders can only become consistently successful, if they are able to accept losses as a natural part of their trading. Handling the associated anxiety that comes with trading is not something to be taken lightly. My rule of thumb is if I lose 3 trades, I take a walk or do something else to clear my head. Many folks will lose and then try to recoup those losses by making mistakes on their next trades. That’s a huge mistake, and can be very costly.

Again, trading is not a casino. If you treat it like a gamble, you will lose. If you treat it and respect it like a business, you will win.

Just remember, the markets can turn on you in an instant and you will be pounding your head against the wall for losing more money. Different asset pairs have different temperaments at different times of the day. Just like people, some can be very calm…while others can be  jumping around haphazardly and flopping all around. 🙂

If you have the proper mindset, you can beat the markets at their own game. Stay calm, theorize and most importantly listen to your gut.

I hope these 3  Trading Tips For Success & Profit helped you. If you have any questions, please don’t hesitate to reach out.

If you got value and have friends who are traders, please feel free to share this post with them, or on your favorite social media site.

Blessings & Abundance,

Anne Theriault


** If you are a new trader, and are interested in learning the strategies I use to keep me in profit every day, please  check out my  Binary Options Trading Courses **

Please reach out to me with any questions: E-mail: [email protected]

Connect with me on Facebook:

Follow me on Twitter