Binary Option Alliance

Your Edge To Success

Forex Trading

Is Forex Trading Profitable?

Forex + coins

Here’s the truth: If you want to become a successful Forex trader, you must

1) Always stay humble.

Realize that at any given moment, you have the capacity to do serious and permanent damage to your Forex account. In the blink of an eye, you can and will have your account wiped out if you are an undisciplined trader.

2) Limit your risk.

Proper money management is the key to the long term survival of your account. Only risk a tiny percent of your account on any given trade( I usually risk 1-2% on any one trade). I recommend stop losses at all times.

3) Never be greedy.

Always take small gains and small losses. With discipline and training, you can easily learn to be profitable with a 50/50, or even lower, win/ loss ratio.

4) Invest in your Forex Education.

Learn to be a good technical trader. Study pivot points, support, resistance, and trend lines. Through my own forex training, I’ve learned that all of the get rich quick systems and strategies will work one day, and not the next. Some are designed for trending markets while others work when the currencies are trading in a range. I’ve seen many accounts blown up from using a system that was touted as the ‘latest and greatest’.There are quite a few forex training courses on the market. I’ve studied and tried many of them. As a matter of fact, I just finished studying an excellent Forex Course , which cost me $2000. There was a lot of great information in that course, but I still felt $2,000 was a little pricey.Basic-Binary-Trading

This site is dedicated to BINARY OPTIONS, see Binary Options Explained. I Just wanted to create a resource for traders looking to participate in Forex trading.
Hope this information helps.

4 Comments

  1. Interesting post… Binary options are either win or lose it all type of option with a fixed payout and a fixed loss. This means that if the underlying asset crosses beyond its strike price, you win a fixed profit while trading Forex would have given you increasingly higher profits as long as the underlying asset keeps going in that direction. There are a lot of other pros and cons about Binary options and I can think of many reasons as to why binary options is less risky than forex.

  2. I studied forex for a good few years, i could trade demo quite easily, but flunked more often than not when it came to real money. Consequently i gave it up a few years ago. With a new head on my shoulders it will be interesting to see how i fair. I’m saving your site. Looks like valuable stuff. Nice work.

  3. Nice article. I Like it, I have been tossing up investing in forex or binary and I have to say after visiting this site I am going to go with binary options. Dont know what broker or if I should go with a signals service or whats the go Deano?

    • Yo Brett:)
      Good Move- Lots of money in Binary – If you are willing to learn how to trade properly otherwise you are just another gambler.. Signals are a good place to start. Plenty to choose from.
      As for a choosing a broker. Depends whereabouts you are and what style of trading you are going to do. Serious Traders usually go for a more advanced platform like the tech- financial platform offered by Boss Capital while you will find many people are happy with the usere friendlyness of spot option platforms like 10Trade and Titan trade.

      Education is key Brett, so the more you learn about trading the better off you will be so browse this site and ask a few more questions if need be:) Happy to be of assistance

      All the best
      Dean

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