“Binary Options Success Stories – Know about the people who have gain success in options trading. Read their success stories deeply from them”
In consequence of several binary options success stories in trading stocks, binary options are expected to be the next financial area that brings out incredible benefits to investors. Every day we at getfreetradingsignals.com, we get spontaneous notes from our members thanking us and sharing their impressions of the quality of our services.
This article is dedicated to all our visitors who want to know about the binary options success stories from different peoples. And of course, if you have something interesting you would like to share with your fellow traders please contact with us. Someone out there will identify with what you have to say and in so doing you may inspire them and assist them with their current situation.
We would love to hear your Binary Options success stories but although we would like to keep the tone positive, but we also welcome stories that may assist traders to avoid mistakes that caused you to fail.
Binary Options Success Stories | Carol Eley
Binary options came into my life through my husband. Recently, A few years ago he went through a phase where he fancied himself as a bit of an investor. Typically, he bought all sorts of books on the subject and had Bloomberg news on day and night. And eventually settled on binary options as his preferred method of trading business. I should probably say here that my husband like many men of his generation goes through phases, but our house bears the scars of his last foray into the world of D.I.Y my kitchen is still without a floor. He was pretty average at binary options trading. But too impatient, too eager to trade. In fact, he didn’t lose an awful lot of money but then he never really made anything. When he finally dropped his trading fad he had about $130 left in his account and I asked him whether I could have a play on it or not. Being his usual chauvinist self he was dismissive about my prospects as an online day trader. But, how could a humble housewife understand the intricate complexities of the world’s markets better than the master of the house?
Binary Options Success Stories – The Answer
To cut the long story short as you may have gathered by now I ended up putting Chris to shame. Therefore, he’s still not completely over it and huffs and puffs in the background when I’m busy trading. However, in 6 months I has taken that $130 to $3500, even not a tremendous success story but it is taking into account all the losses I made. In fact, I admit that it was quite a steep learning curve for me and I had never done anything like this before. And, from 6 to 9 months I took our trading balance (notice how I write “our” and not “my”. Always the team player me) from $3500 – $16,700. And even with that money I got the professionals in and finished the kitchen myself and the hallway. Of course, you can imagine how much this annoys him but I think that deep down, even though he has a funny way of showing it, but he is actually proud of me.
The key to my success was finding that I had an instinctive grasp of one very specific trading strategy. It is a way before anyone told me anything about support and resistance lines I was instinctively drawing them on the asset charts I was monitoring. But I had an understanding of the points beyond which an asset seemed to find it difficult to rise above or alternatively fall below. Basically after drawing these lines I would hone them over the course of an hour by seeing how the market performed in relation to them. And only then would I start to trade. However, the asset didn’t really matter, whether it is a currency pair or a commodity or a stock or an Index my method seemed to work for me. Though I will say that the more volatile the price action of the asset, but the more opportunities there were to lock in profitable trades. Eventually, I didn’t use technical indicators at first, but although later I found that RSI and MACD are both very complementary to my style of trading. Using then in conjunction with my own techniques helped up my success rate by around 10 – 15%.
Trading binary options is tremendously exhilarating and especially when you feel you’re discovering something for the first time and developing your own skills as in my experience. Honestly saying, it has helped me become a more productive member of my family and now the kids do not go to dad first when they need money, but they always come to me. It is alone enough for me to recommend trading binary options to others. And it has changed my life and the lives of those around me.
Binary Options Success Stories | What we can do
After above reading, the only thing we can do, firstly we need to learn the basics and fundamental of binary options trading. Then we need to construct out own strategy and chop up with human psychology. We need to be disciplined and remain patient in our trading journey. So that we can make our own binary options success stories.