Many of you wonder how to trade binary options and succeed. What is the advice to follow in order to trade binary options effectively? A few days ago, I spoke with a trader registered on binaryoptionclub.com. He told me that the broker he was trading with, his personal binary option advisor, recommended that he should trade upward when the price was dropping or to trade downward when the price was rising.
Is this the advice of a financial investment professional?
The answer is clear: NO
Binary options are too often likened to sports betting, when this is financial trading. Binary options represent only the democratization of the financial markets. In fact, they allow people who have more limited budgets than other to achieve profits. You have to be capable of showing professionalism and avoid at all cost brokers where advisors have no knowledge or experience in financial trading.
Many binary options brokers certainly offer customer support, but they have to hire experienced professionals. Unfortunately, this is not always the case, which is very regrettable because the first to suffer from this lack of professionalism are beginning traders such as yourselves.
This is why we send you daily emails with trends and indicators for the day’s trading in order to make your binary option transaction more relevant and effective. This does not mean producing a magic strategy that will allow you to make millions with binary options. No, what we attempt to do on this website is to educate you on financial trading with simple tools that have been proven to work over the years.
Support and resistance numbers are the main tool of simple but effective trading. When trading binary options taking these numbers into consideration, it will no longer be enough to click upward or downward to have a chance to succeed. You will be refining your binary option trade to make it logical and profitable.
We are currently working on an automated system, through which you will receive the resistance and support numbers daily for all assets whether they are Forex, stock options, stock market indexes or raw materials. Implementing this system will be a long-term project, but we are optimistic and absolutely want to be able to deliver it as soon as possible.
Again, we urge you not to follow the advice of certain websites asking you to rely on the trader’s intuition, because this is a complete scam. Avoid binary option brokers where the financial advisor’s speech seems simplistic or unprofessional (Click here to view our video on trader’s intuition).
This weekend, a video on how to use support and resistance numbers will be posted to our website. We encourage you to view it in order to understand that binary options also correspond to financial trading and that you need to work and follow the advice of true professionals.