Young Investers

Since youth are the dominant contributors to the Gross Domestic Product (GDP), they make a great difference to the economy. All the major concern center around young population. As compared to the past, today the individuals are more financially potential and independent and it is all because of steep rise in tertiary sector. Now-a-days spending a few bucks on coffee or on shopping has become a casual activity which was very rare some time ago. It is all because of changes in lifestyle and adoption of western culture not the youth of today hardly think of 'savings' for the future. There is a need to focus on the disability of savings despite the fact that there are insufficient earnings.

There are just few things we should understand and minor changes we should bring to inculcate the habit of investment to bridge the gap between income and spending. One should know the sum of money earned in the form of salary and the avenues where this income is spent. Now what is salary? It is the amount working people take home after deducting the tax and contributions to EPF from gross income. This balance is also called net salary. Thus, to save you need to deduct expenses from salary.

Analysing goals- 

Goals are basically the personally set standards which one wants to achieve to reach the target. These are our milestones which can help in taking right decisions. Goals can be set for different time periods say- 

a) For one or two years, called the short term goals. They require immediate attention. 

b) For five or seven years, called the medium term goals. They give us time to wait and analyse things between investment period and return period. 

c) For ten or fifteen years, called the long term goals. These are meant for retirement.

Opting for a suitable investment plan- 

Investment plan means channelising your money in the most efficient method. Since various plans are available in the market but only right plan can reap benefits in the future and for that an expert advise is highly appreciable. After selecting an appropriate plan start your investment considering the retirement because a small amount invested today can make your future bright.

Investment planning is not a one time phenomenon but it needs to be received and readjusted according to the present need and trend to make investment successful. Thus, it is high time that the youth of our country should be made aware about the best investing options and its benefits for them in the long run. Also since the young generation is the representative of the present and future economic condition of the country so they should be driven by the right motive and prospective.

1. Investment - A thoughtful task making investment is not an easy task so it requires a careful analysis of its pros and cons. You should know the purpose and need for using your hard earned income in the most profitable venture. Don't be convinced by what your friends or neighbours or relative advice you to invest in because all have their own needs. Besides realising your need you should also be aware about the risk associated with investment plan. As it is said that more the risk, higher the chances of returns, so to earn more profit you should make careful decision about your risk taking ability. Let us consider a situation where we want to buy a bungalow in next seven-eight years so for that traditional method of investment would not be efficient rather we have to invest in stock or mutual funds for an additional advantage.

2. Get insurance - Financial goals can only be fulfilled when one lives a healthy and secured life. You should not get a term plan which has a greater coverages and last till 75 years at least. It should also increase with increase in income. In case of change in job where insurance facilities are not available on increase in coverage becomes essential. At any stage of Life you can suffer from health problems so you should try to get the best facilities and the most efficient as well as reliable term plan. Investing in health or life insurance not only protect you but also your family from unpredictable circumstances. The young generation should set up an emergency fund that would benefit them in long run. Thus, the youth are not that young that they do not know how to increase their earnings or make better returns. They are responsible for their own expenses and with other demands or commitments in their pay check it becomes more important to do systematic investment planning at a young age to secure life after retirement.

So, it is essential to invest in better and profitable plans to lesser the risk of losing money. Also for some people investment is a means of growth as it keeps up with inflation. By calculating your ROI you can get better idea about how well planned your investment is.

ROI=Investment Gains/Costs

Since investing is not an easy task and requires the help of an expert so for that you need to pay them fees but with your efforts and research you can minimize it. Even you have to pay taxes on investments made. So considering all the pros and cons of investment at a young age one can make provisions for the ins and outs of funds. It won't be always successful but then one learns from one's mistake and experiences.

Making investments at the earliest has an additional advantage and that is devoting time because if you lose your site, you have the time to make up for the loss. It is advisable not to use your short-term money for investment purpose because you would not like to block your money during the time of need. Investing at the right time and in the right plan is your ladder towards becoming rich.

CONCLUSION

The young investors should invest in equity because it benefits them to fulfil their long-term goals. Also they should not ignore the risks associated with it. It is better to start a SIP on a mutual fund scheme if you do not want to invest directly in equities.

For more Tips & Queries on Investment... Keep following http://www.bankerbhai.com/

Article Source: http://EzineArticles.com/9582777

Why You Should Be Careful With Too Small Stop-Loss

In the past, I met several traders, that experienced live results completely different from their backtest results. The cause was a seeming triviality - too small stop-loss. Let me explain to you today, why this can be a problem, what to be aware of and how to avoid this danger. The following topic is just about those breakout strategies that are using STOP order to open a position and, at the same time, they are using too small stop-loss (this article is not about strategies using market order). What is too small stop-loss? Well, it depends on the market and the timeframe. But in general, it is a stop-loss smaller than the size of an average bar of our main timeframe. Let me give you an example - if we are using a 30-minute chart with an average bar value 250 USD, and our strategy is working with an 80 USD stop-loss, we are heading into a serious trouble. The live trading results might (and in most cases almost probably will) be totally different from those that we have from the backtest. Let's take a look at the reason why.

This problem occurs when the stop-loss is so small, that some of the trades have entry order and stop-loss on the same bar. Let's say we have an entry STOP order on the price 100 and also a stop-loss on the price 99. Now, imagine that the bar opens on 98.7, it goes to 100.1 and we open the long position - and the stop-loss is set up to 99. And all of this happens within the same bar - i.e. within this one bar, the entry order is activated, the position is opened and the stop-loss is set up.

Now it is important to understand why this can be potentially a dangerous problem. It is quite simple. There are several backtesting platforms which are not able to recognize, with the wrong setup or when the data resolution is not fine enough if the stop-loss was or wasn't hit on an entry bar. In other words, there are certain situations when, in reality, the stop-loss was hit right after the position was opened, because right after the activation of the entry order, the market starts heading south. However, our backtesting platform evaluates the trade as a profitable one (from now on I will write about TradeStation as it is a platform that I primarily use). How is it possible?

Let's continue with the demonstration of the situation described above. In this situation we can see the rising bar, i.e. the one that has a close price above open price and, at the same time, the close is close to its high.There is an assumption that the bar was raising the whole time and TradeStation assumes that the "inner" move of the bar, i.e. the way the bar was generated, was constantly rising, a straight line.

TradeStation is simply following the logic that when the bar closed close to its high, the process of generating this bar was rising. In such situation, TradeStation assumes that the bar opened on 98.7 and the price was continuously rising to 100.4. And during this time, it also activated our buy order on the price 100.

Nevertheless, this is very inaccurate and dangerous assumption. What if the bar was first rising, activated our purchase order, but then it reversed and went back down, below our stop-loss, and then started rising again to close to its high?

This is a totally realistic scenario that is happening every single day and that would result in a clear loss (right after we open the position) - and yet, TradeStation (and potentially also other software), defines the situation as if there wasn't any correction inside the bar at all. So no stop-loss was hit and trade ended up as a profitable one. This is the root cause to major problems as in the backtest you clearly see a lot of profitable trades that, in reality, would end up as losses - and right after we start trading this strategy live, everything starts falling apart...

Protection #1

Luckily the situation isn't so serious as it looks like and the backtesting platforms, in general, take this risk into consideration.

The first protection against this threat is simple and, to a certain level, highly efficient. TradeStation calls it LIBB (Look-Inside-Bar-Backtesting), others call it different names, like Bar Magnifier. The point is that when you turn on this feature, the program looks inside the bar to the level of the finest available data resolution (in most cases it is 1 minute), if there wasn't any inside correction after the entry order was activated, or if there was a correction on the same bar when we entered and the stop-loss was hit.

Despite that it sounds like a great solution (which is today a standard part of most platforms), it doesn't have to be sufficient when it comes to small stop-losses. Why? Imagine a situation when your stop-loss is 80 USD, but the average bar of your finest LIBB resolution (i.e. mostly 1 minute) is 150 USD big. In this case you are experiencing the same problem as described above, when the platform is not able to determine whether the stop-loss inside the bar was hit or not and it makes, again, just an inaccurate approximations that are driven by the above-described logic - if the bar closed closer to its low or closer to its high. In other words, you are again at the beginning and with too small stop-loss, not even LIBB will help you, and the problem still persists.

Protection #2

So, we are getting to the point when we need to go a little bit deeper to solve this problem.One of the solutions would be to use even finer data resolution - down to the tick level. But this isn't as easy as it sounds. Firstly the tick data history is not so easily accessible, or just for a very short period. And if these data are available, they are really expensive. But even if you still purchase tick data, you need to solve several technical issues - as the tick data are usually so big, that most of the platforms won't handle so many data, crashes or runs backtests incredibly slow (I can confirm this).

Protection #3

So we need to use much simpler solution - and that is the necessity to use reasonably big stop-loss. And what is reasonably big stop-loss? Simply use stop-loss that is at least 1.5-2x bigger than the biggest 1-minute bar on your chart. It is simple and you can avoid several problems. For example, if the biggest 1-minute bar for all your data history was 300 USD, use stop-loss at least 450 USD. Period.It is simpler and safer to get used to higher stop-losses than lying to ourselves and subsequently be surprised why such a nice backtest equity is quite the opposite of results of live trading.

Happy trading!

Tomas Nesnidal is a European trader and developer, with 10+ years of full-time trading experience. You can download an example of his strategy for FREE on his blog http://www.SystemsOnTheRoad.com.

Article Source: http://EzineArticles.com/expert/Tomas_Nesnidal/2231820

4 Lessons I Have Learned From Launching My Own Hedge Fund

In the first article of 2017, I would like to share with you a summary of what I have learned (and confirmed the knowledge I had) when building my own international hedge fund.

1. You need to reconcile with technical challenges

One of the most frustrating things I have encountered when creating my own hedge fund is the fact that there is something constantly malfunctioning. The technical equipment brings new challenges and even though I work with a team of excellent computer professionals, there isn't a single day without an error that needs to be fixed. The technology used for our hedge fund is really complex and challenging and, to my surprise, the process of fine tuning is as time demanding (or maybe even more) as the programming of all applications and algorithms. This is something, I wasn't ready for and I was hoping that now, when Elon Musk can repeatedly land space ships, it won't be so difficult to make a couple of programs work together and assure that they all do what they are intended to. Well, I have a learned a lesson:)

Now I mention this point because sometimes I get an "anxious" email from one of my students that somewhere, somehow, an unexpected issue has just occurred and something that should have happened, didn't happen.

There is just one thing I can say about it - you need to accept that as part of ATS trading. Just as there are some features on my brand new (and expensive) car that sometimes don't work, there are also some technical challenges and weak moments in automated trading. In the past, I have lost some money due to these issues. Sometimes, I have "earned" by missing a trade that would have ended in a loss. But overall, due to these technical issues, I lost money. Still, I am here and trading. We live in the world where even an iconic iPhone isn't flawless - so don't expect that ATS trading will be without any technical issues. We have chosen a business where these things occur from time to time.

For me, the biggest lesson I have learned is: dedicate 2-3x more time for each step, to test and tune the programs, codes, technology, as these are all real, significant, challenges.

2. It is possible to build an interesting ATS for every futures market

This point is more positive - thanks to fully automated workflow, we manage to create a potentially interesting, strong and robust strategy for any future market. In some markets (like FESX) we are struggling with too low avg. trade value, and in others (like US T-bonds) with the fact that even a single tick of slippage (that has a value of 32 USD), can really affect the live trading results - and therefore in some markets you need to be really patient. There is one market that, due to the transaction costs, we keep failing in - and that is Nikkei (NK). But even here, we don't give up:) Overall, we are doing pretty well in metals (GC, SI, HG) and also in energies (CL, NG,... ). Even grains are suitable, but you should be careful here. Due to the recent general fundamental changes you need to build a system that trades both long and short. It is really a must. Furthermore, you should look for systems with symmetric results (i.e. long side has similar results to the short side).

3. You really need swing strategies in your portfolio

It is a fact. You can build an interesting and high-quality strategy for almost any futures market, but you cannot do it without swing strategies. For some markets, it is impossible to build an interesting intraday strategy. To reach higher diversification, swing strategies should be part of a portfolio. There is one more thing that needs to be considered for any hedge fund - there will be really big positions traded, which means that average slippage will be more significant (positions will be filled gradually at different prices) and therefore you should have really high (resp. adequate) avg. trade value. Solely for this reason, it is a necessity to include swing ATS. But this applies also to smaller accounts (not only to hedge funds), when you want to be really diversified.

Good news is that it is not so difficult to build swing strategies and when you already have the workflow, the process isn't too much different from building intraday ATS. The workflow is the same, you only need to change a couple of details and experiment more with different approaches.

4. Hedge funds cannot be built and launched by a single person

You really need a team. Our fund consists of a 5-person team and I think that it is a bare minimum. The fund is such a demanding and complex entity, that really requires a team of specialists with specializations in different areas and you should leave the details up to them. Otherwise, it will drive you crazy. In our case, I have two highly talented programmers (one C#, JAVA, C++, great database skills, etc., and the other mostly JAVA, great database skills; both having really deep insight in trading, both live ATS traders, and both having, of course, top EasyLanguage and TradeStation knowledge), one person focusing on client acquisition and law, one person for customer service, execution and overall CTA management, and myself - the author of all ideas and algorithms, also being a "General Manager". The workload is constantly enormous and the first steps are really not simple, specifically to get it all running (especially when experiencing endless technical challenges). You really need to be enthusiastic about it, be passionate about it, and have the will to complete this challenge as you really need a lot of energy to complete such a demanding project. The good news is that it is possible - everything is possible when you follow your goals. Yes, in our case it has taken longer than I have expected, much longer, but on the other side, we won't miss anything. The opportunities have always been here and they always will be - every day. It is important to have really robust and solid foundations (which is also something I teach in online courses).

These were today's suggestions and observations. I have learned, of course, a lot more than that - some of which I share with you in this series.

Have a great start of 2017 and happy trading!

Tomas Nesnidal is a European trader and developer, with 10+ years of full-time trading experience. You can download an example of his strategy for FREE on his blog http://www.SystemsOnTheRoad.com.

Article Source: http://EzineArticles.com/expert/Tomas_Nesnidal/2231820

13 Futures Markets For Automated Breakout Strategies

One of the frequent questions I keep receiving is what is the complex list of markets that are suitable for automated trading strategies. Let me give you a short overview of 13 markets that I know that you can develop interesting automated trading strategies for.

US Index markets: TF, EMD, YM, ES

American index markets are my specialization and I can confirm that for all, above mentioned markets it is not so difficult to find functional and high-quality automated trading system. I think that the most simple market where you can get good results quickly is EMD. Most of the strategies working in EMD market are (with minor changes) profitable also on TF market.

On YM market, you can get strategies with small stop-loss and it definitely is a market suitable for small trading accounts. ES market can be rather challenging. Due to a high level of saturation of automated trading systems in this market, it takes quite a while to find an interesting and robust system. Still, it is not impossible, and, as a reward for your hard work, you can expect smaller stop-losses, which is making this market more suitable for small accounts.

EU Index markets: FDAX

I have quite a lot of experience with this European market. Its high volatility can bring some really nice profits, but if you are not careful enough, you can experience rather big drawdowns. In fact, it is not so difficult to create a system for FDAX market, when using time template with US trading hours (15.30-22.00). Using this time template, I have managed to create several breakout systems that can be profitably traded in this market. One of the systems I have created for FDAX market several years ago, is quite simple breakout model (my breakout models are, in general, not complicated) and it turned out that it is profitable also in US index markets and several other markets as well. Systems don't have to be complicated to be robust, it is just necessary to be patient - as it takes some time to find simple systems that are robust.

US Bonds: US

I have never traded any of my automated trading strategies live in this market ( I specialize myself in US index markets), but creating an interesting, simple and robust automated breakout strategy can be done even in this market. I know several traders who are successfully trading US market and there is no reason to avoid it. The only challenge is to create a system with big enough avg. trade value. 1 tick in this market represents more than 30 USD, so transaction costs and slippage can have a big impact in the live equity curve. So keep that in mind.

Energies: CL, RB, NG

I have quite a lot of experience with energies as well, especially with trading CL and NG markets. To trade these markets you need a bigger trading account, they tend to be quite volatile time to time, but creating an automated breakout strategy is not so difficult. The "secret trick" here is to experiment little bit with time templates - as they can have really big impact on the final results. So again - you need to be patient little bit and don't be afraid of experimenting.

In general, I have also quite interesting results in the RB market, but the downside of this market is really low liquidity, which is the reason why I haven't started live trading with any of my systems.Some of my students are also experimenting with energy markets and according to some systems that I have seen, I can tell that I am not the only one who can create really robust automated breakout strategies for CL and NG markets.

Grains: Wheat, Corn

These markets can be little bit challenging for creating breakout systems and I personally have had just a partial luck when developing systems for these markets. I have managed to find a couple of models, but it requires already advanced know-how. And I have seen several successful systems for these market from my students as well.

Personally, when it comes to grain markets, I am little worried about one issue - they tend to get little bit "crazy" time to time and there can be a limit move. So, when working with these markets, the approach needs to be more sophisticated and I highly recommend to have an advanced system for risk management, that will, for example, quickly decrease the number of contracts (or turns the system of completely), as soon as the volatility increases rapidly. Luckily, the limit moves are often preceded by volatility increase, so you can predict it and react in advance. Besides this specificity, grain markets have quite an interesting potential for automated breakout strategies.

Softs: Cotton, Sugar

I must admit that I don't have much experience with these markets. But I know that several of my students, that are using advanced know-how, were able to build interesting and robust breakout strategies even in these markets.

I was experimenting with sugar market in the beginning of my automated trading career and I think that this market gets really interesting when you decide for position trading. Position traders have, in this market, much more possibilities how to get an interesting breakout automated strategy.

In general, it is always easier to search for long trading strategies rather than short trading ones. I myself build strategies trading long and short in separate ways.

Happy trading!

Tomas Nesnidal is a European trader and developer, with 10+ years of full-time trading experience. You can download an example of his strategy for FREE on his blog www.SystemsOnTheRoad.com.

Article Source: http://EzineArticles.com/expert/Tomas_Nesnidal/2231820

Indicators And How To Use Them In Binary Options

Indicators and how to use them in binary options is exercised by many traders. As you begin to build your blueprint for fast profits, it's best to always have a strategy and to never fall astray from it. What might work for one trader, doesn't work for another. Like anything else, you have to practice, put in the hours, and learn if you want to become a successful trader. For any new or seasoned trader, there are two indicators that are popular among many.

1. CCI- Commodity Channel Index

This indicator is good for support when making a decision on a trade. It comes with +100 and -100 levels. The market tends to be within these levels about 80% of the time and 20%-25% out of these levels. So for an example, if you see the market going up and over the +100 level this is a good indication for a long trade with a strong uptrend. If the market was reversed and was going down pass the -100 level, then that's a good sign for a downward trend and a short trade.

2. MACD- Moving Average Convergence/Divergence

This indicator reveals changes in the strength, direction, momentum, and duration of a trend in a stock's price. As a momentum indicator, it shows the relationship between two moving averages. At a default setting, this is set to a 12 day exponential moving average minus a 26 day exponential moving average and the line signal is set at a 9 day EMA. Then you have the histogram which performs the variation between the MACD line and the signal line. Typically, when using this indicator, you look for the lines to cross each to make a trade. Be cautious because this is not usually correct. An experience trader will usually look for a set up in the market to make the trade and will have confirmation from another indicator before the trade is in place.

Using these two indicators conjointly, often helps traders make good decisions on entries when placing a trade. Like anything else, practice makes perfect. Give yourself time and have patience while you are trading. A concern with many traders is controlling your emotions. Sometimes after a loss, you lean on wanting to gain it back quickly, and recover your loss. This usually results in losing more than you expected and now your emotions are extremely high.

Indicators, and how to use them in binary options is another tool many traders lean on when it comes to making decisions on the open market. Continue to learn everyday. See yourself as a successful trader, and remember to never give up.

If you are looking for some reputable brokers to start practicing your trading, click on the link below.

Article Source: http://EzineArticles.com/expert/Joe_O_Orosco/1220370

3 Stocks Im Buying Now! January 2017

Interesting guidance - remember there is always risk when taking advice -

Auto Binary Signals - A Revolutionary Trading Method

Binary options have always been hailed as an easy path for beginners into the world of trading and profits. While a simple Put/Call binary option equation is indeed simple enough, and while it's wholly transparent as well, its strategy implications are almost infinitely convoluted. Because of the payout rates (which are in the 70-89% range), one has to win far more than half of his/her trades just to break even. What this means is that in order to be successful with binary options, one needs to find a consistent way to come out ahead. This can be accomplished through proper technical analysis, to which the fundamentals have to be added as well. Such a task obviously exceeds the abilities and means of most rookie traders.

For such traders, a proper signal service is the answer. Letting others do the bulk of the "dirty work" is the only viable path. The problem is that like the greater binary options world, the industry that has sprung up around trading signals has given birth to quite a few scams as well. What one really needs is a legitimate service, like Auto Binary Signals.

Auto Binary Signals is a truly revolutionary trading method

Compared to all other signal providers out there, Auto Binary Signals is a head and a shoulder above the rest.

Binary trading signals come in a number of different forms these days, or rather, from a number of different sources. There are good and bad signal providers. All auto trading scams are based on trading signal generation, and indeed, most auto traders do in fact carry a manual trading option too. This option is essentially a signals service, based on signals generated by the software. These are obviously bad signals. Then there are the expert alerts: these supposedly originate from flesh-and-blood traders, who are successful at what they do and who are willing to share "pointers".

Then, we have Auto Binary Signals, which is in a class of its own.

What makes Auto Binary Signals special?

Auto Binary Signals is NOT an auto trader. It does not act upon its own signals, rather, it leaves the final decision to the trader. Also, the way it comes up with its signals is wholly transparent and easy to understand, even for beginners. What's more, Auto Binary Signals calculates the probability of success of every one of the signals it generates and it ranks its signals based on this. To make everything even handier, it also color-codes its recommendations. This way, traders can clearly see what they're trading, when and for how much, and they know their chances of success before they actually open the position. It is recommended that one stick to trades with a better than 85% rating.

Auto Binary Signals makes sure its users do in fact see the trading signals it generates. Every time the system spits out a signal, a window pops up and a sound alert goes off. The service works just as well on mobile phones, tablets and other mobile devices.

What is Auto Binary Signals' most valuable feature?

Every time one places a trade, the thrill of potential profits, coupled with the expertise that goes into the move, make it all worthwhile. Ideally, every time a trade is placed and then ends up in the money (or even out of it), the trader also learns something. This learning experience is what carries the real value in the long-run. This explains why Auto Binary Signals is focused on this very aspect of the trading experience.

In addition to providing trading signals, appraising them and ranking them based on the likelihood of success, the service also offers detailed explanations about every one of these signals. There's a "More Info" option on every trading recommendation. By clicking it, traders will open a MT4 screen, which contains the detailed analysis associated with the said signal. One couldn't possibly wish for a better educational tool.

Why is Auto Binary Signals so efficient?

The majority of users will attest that Auto Binary Signals is indeed very good at what it does. Those who apply its recommendations properly, always boast excellent success rates. What makes it all tick though? The system uses no fewer than 5 proven and tested technical indicators to pinpoint trading opportunities. Actual signals are only generated though when all 5 of these indicators point in the same direction - so to speak. That's the equivalent of having a signal resulting from one's personal analysis confirmed and re-confirmed 4 consecutive times.

Conclusion

The builders of Auto Binary Signals understand that some traders are interested in trading certain assets over blindly applying all the trading signals that pop up. Therefore, they have made the filtering of their signals based a certain criteria
available as well. ABS generates plenty of signals too. It won't have traders sitting around idly, awaiting a trading opportunity. It will have them busy, it will have them profitable, and it will educate them on the go. Those are the reasons why ABS is truly revolutionary!

If you are a beginner in binary option trading this will be great learning experience for you.

Article Source: http://EzineArticles.com/expert/Signe_J_Petersen/2262153

Are You Gambling When Trading Binary Options?

Are you gambling when trading binary options? If you are, it's wise to stop and learn the industry. Why would you have a gambling mindset trading? Wouldn't it make sense to have a plan? If you are thinking about trading, then take it serious, and learn. Do your research. Trading binary options is accelerating when you know you can make fast profits in a short time. Having an appetite for risk should be handled with care.

It sounds easy to trade binary options. You have a striking price, and an expiry time. If you predict correctly in which way the market will go, you profit a predetermined rate. This is usually anywhere between 70%-90% for winning trades. If you lose your trade, you already know what was loss. To most traders, this is considered low risk. Knowing what you will gain, if you win the trade, and knowing what you lose, going into the trade.

Have a plan and be prepared to educate yourself. Treat it as a business and take it serious. This is your money you are talking about. Why wouldn't you want to treat this like anything else that is worth pursuing? Any new inspiring trader has to remember that slow and steady wins the race and this is what that is. Everyday, make time to learn something new. Practice your trading technique and utilize the demo account. That's why brokers have them.

Don't get discouraged if you are not trading successfully in the beginning. Remember that trading is a craft, and you have to put in numerous hours and practice different approaches. Through practice, hard work, and being repetitious, you will overcome the obstacles every trader faces to having a winning blueprint for success.

So are you gambling when you are trading binary options? If you don't prepare, you will set yourself up for failure and lose all of your investment. If you are one of those people who don't take the time to invest in themselves and learn how to trade, you will eventually lose every time. Like mentioned before, this is your money you are trading with. If you don't have a plan to succeed you will lose and be discouraged. Many seasoned traders can vouch this. Don't come in thinking you are going to make money from the beginning. Emphasis on trading takes discipline, dedication, and the will to be among top traders and have a successful track record. Be prepared and don't gamble your money. Trading binary options is another opportunity for people to make money, and sometimes gets a bad rep because they simply don't invest time to learn how to trade.

Article Source: http://EzineArticles.com/9562814