Poll: I am trading Binary Options for

Page 1 of 2 12 LastLast
Results 1 to 10 of 17
  1. #1
    Moderator Kolyo's Avatar

    Hot I am trading Binary Options for !!!

    Share what is your main purpose for starting binary options trading. What are you near term or long term goals and how did you plan to achieve them.
    Last edited by Kolyo; 11-24-2013 at 03:14 PM.

  2. #2
    Junior Member allanrock's Avatar
    I am sure most of us are trading Binary Options for generating second source of income. It is very difficult to trade for a living if you start with relatively small capital. For small capital I mean capital under $10k, which is absolutely necessary to have if you don’t want to risk to much per trade, overtrade or some other bad habits which are very typical for the newbie and not so newbie wanabe traders

  3. #3
    Legendry Member Michael Hodges's Avatar
    starting small is fine, use money management to grow your account and eventually it will be big enough to support you.

  4. #4
    Master Member Bogdan G's Avatar
    Quote Originally Posted by allanrock View Post
    I am sure most of us are trading Binary Options for generating second source of income. It is very difficult to trade for a living if you start with relatively small capital. For small capital I mean capital under $10k, which is absolutely necessary to have if you don’t want to risk to much per trade, overtrade or some other bad habits which are very typical for the newbie and not so newbie wanabe traders
    I disagree with the $10K starting balance. I am absolutely sure that a trader can make it in this business starting with a much lower sum.

  5. #5
    Specialist Member marc's Avatar
    Quote Originally Posted by allanrock View Post
    I am sure most of us are trading Binary Options for generating second source of income. It is very difficult to trade for a living if you start with relatively small capital. For small capital I mean capital under $10k, which is absolutely necessary to have if you don’t want to risk to much per trade, overtrade or some other bad habits which are very typical for the newbie and not so newbie wanabe traders
    I think the starting capital is completely irrelevant as long you are able to make a fairly amount of trades in the beginning ... the only thing which counts in the long run is a stable percentage above 60% ... time and mathematics will take care of everything else very quickly

    Maybe you feel safer when deposititing 10k and doing small trades, but when your overall performance is 55% or even lower you will simply lose money

  6. #6
    Master Member SeasaltMcFish's Avatar
    Yeah, I don't see a reason why you should need some k to start with. You'll probably lose some k then by making beginners mistakes and lack of experience.

    Of course it could go faster if you're lucky in the beginning, but it also could go down faster.

    Starting with a minimum deposit urges you to be careful in trading. It may take more time, but you grow in experience and will be making money after that (if you're a good trader).

  7. #7
    Senior Member Deanfx's Avatar
    I am trading binary options mostly for fun, but my goal is to make it my second serious source of income.

  8. #8
    Veteran Member hchandra's Avatar
    Surely as second source of income,
    I had experienced having no money at all and must lend from others in order to pay bills, such a shameful, humiliated time but taught me a lesson to have common sense in trading.
    never ever use trading as the only source of income unless you already have reserve funds for at least 6-12 months to overcome "No income time" in trading.
    Numbers is not absolute, but that is just for me. 6-12 months is time for someone to survive and find other source of income.

  9. #9
    Junior Member Daniel W's Avatar
    Second source of income. Hopefully.

  10. #10
    Active Member jephry88's Avatar
    For me trading binary options is second source of income too. I like very much to invest my money different ways, for example in stocks and other instruments like automated forex advisors and precious metals, but binary options are my most loved instrument because they give me great flexibility to trade.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3