How Not to Turn into a Sucker When Trading Binary Options

Who is too easy to cheat on binary transactions? How binary options brokers Can you scam traders for money? Maybe binary options are not a scam after all? Before we start trading, let’s look into it in detail and if you are interested in the experts’ opinion, read to the end.

The “intelligence” of search engines is becoming more and more impressive year by year. The word “binary options” instantly gives the searcher an exhaustive range of search phrases: about strategiesThe main thing is that the market is not only a very good one, but also a very good one. Naturally, there is a separate line: Binary options scam for suckers opinion of experts . After all, Internet scams for money are not uncommon today.

Who usually gets cheated by binary brokers?

The relationship between the brokerage and trader camps in reality and on the Internet (in forumsThe conclusion can be drawn from this: most of them are green newbies. The conclusion can be drawn from this: the vast majority of people berating the brokerage firms are … green beginners. And it happens for the most banal reason.

The advertising activity of companies is always unbelievably boisterous. From pages of this kind you can always “learn” that one hundred percent profitable earnings per minute on binary, that in just one month you get a fantastic income for miserable investments, that it’s very easy to build your own business and work only for personal pleasure/enrichment, without getting out of your pajamas.

Fighting for every client, brokers are simply “tearing up the underbelly,” demonstrating wonders of activity. But they are not talking about everything. Of course, the above is possible. It is possible to buy the right option and make one hundred percents in sixty seconds, one thousand percents in a month and to continue enriching oneself. But nobody will ever tell a beginner trader in the advertising that it is possible to lose one hundred percents within the same sixty seconds. In reality, the trader, flattered by such tales, in a minute already looks anxiously at his empty purse. And whose fault is that? The brokers? Or the trader who believed in the infamous free cheese?

Literate experts are convinced: everyone is to blame and to an equal extent. The offices, because they do not announce the whole truth, and the new traders, because they invest in something they do not know at all.

How to turn into a sucker when trading binary options?

There are many situations on the net when, playing understatement, brokers are intentionally forgotten. For example: a trader (not a beginner!) allows his binary broker-analyst to open an extremely profitable contract after winning several times in a row. It seems that there is no catch: the office has already earned ten thousand dollars, promising to double the money with another deal. But the analyst “forgot” to specify: the deal will close only… in a year. Of course, it can be assumed that this was agreed upon with the client, but as if in passing, without stressing the timing. On the surface, everything looks fair and legal. In fact it turned out that the trader was not aware of everything, and when the trader needed money, there was no it “suddenly”. Throwing stones at brokers, we can say: playing with trust is not quite fair. Throwing a stone at gullible traders, let’s say: do not make suckers of your own.

How not to really become a victim by trading binary options?

If you make a selection of articles about binary options, they can be thought of as twins. Each of them has a standard set of warnings: binary trading is not that easy; brokers do not dream that the trader wins; you have to turn on your head and study the theory when you start binary trading. And it consists of several obligatory positions: a pair of working buttons, thehanalysis and signals, hedging deals on currency pairs, options and their types, contract closing dates, otherwise – expiry. To shoehorn yourself into the field of binary reliably, you only need to spend a few hours reading. But staying patient, figuring it out in practice, racing a demo account, is worthy behavior. More time is spent looking for bona fide brokers, successful strategic schemes. In order not to be made a deserved sucker, it’s enough not to deviate from the simplest set of rules.

1. Find out complete information about binary options. Do not imagine that this income is for the lazy. Do not slow down on the theory, try everything on the demo practice.

2. Don’t throw all your money into the trade at once. This is stupid. Start with “pennies” and practice on a demo account. Don’t take risks and take your time.

3. Choose the broker carefully, make sure to read the reviews, find out all its trading conditions, clarify the service of the chosen firm.

4. Never give your money to brokers so that they can trade it on their own, without you. Brokers are forbidden even to give advice on contracts to traders, to personally open deals from clients’ accounts. As soon as such an offer comes in, grab your deposits and run without turning around.

5. 5. Having saved up a little money on your account, try to withdraw it in real money. This will both calm you down, and give you the opportunity to check the honesty of the office, the efficiency of the withdrawal mechanism.

6. Always remember: it is possible to lose a deposit. Get used to the idea. If you can not get used to it, take the money to a bank account. It will be safer.