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  1. #1
    Solid Member Daniel Rea's Avatar

    Greetings from New Zealand !!!

    Hey all,

    Wow what a fantastic forums and website. I am privileged to now belong to a group like this.

    A bit about me - I have only been dabbling in binary options for the last 3 weeks and after some great success (I now know it was luck) I lost most of it and made the wife angry lol. So now I am determined to learn and educate myself a lot better.

    I am a Firefighter as my full time job and I am looking at trying to supplement my income as I have my first baby due in 3 months and the wife is not working.

    Hopefully it all works out


    Good to meet you all

    Dan

  2. #2
    Legendry Member Okane's Avatar
    Hey nice to have you here.
    Good, start fresh with us and learn things the right way!
    It takes some time before you are good enough that you can start earning from this.
    So don't go quit your job, besides we need Firefighters
    Live Webinar: Hidden Content
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  3. #3
    Master Member SeasaltMcFish's Avatar
    Hi Dan

    Welcome here. Your trading story is familiar to many traders here. It's all part of the 'game'.

    Maybe you can show your wife the school and your new approach, to gain her trust again

    Wishing you good trades!

  4. #4
    Solid Member Daniel Rea's Avatar
    Thanks guys - I am currently playing with the simple balanced system on a demo account with 24 option. I am using it with 5 min candles and 10-25 min expiry. Seems to working alright at the moment but I will need more practice. What is another strategy I should be playing with also?

  5. #5
    Moderator Kolyo's Avatar
    Hi Daniel!

    Welcome to the Community All the traders here will help you to learn, but don’t rush too fast in your trading. There will always be tomorrow and you don’t need to overtrade. Also you need good money management before entering in the real market once again!
    "The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder

  6. #6
    Legendry Member willyw's Avatar
    Welcome to BOTS, Daniel. You can look up our school section has many information which will help you to be a good trader.

  7. #7
    Veteran Member Dan21's Avatar
    Hi Daniel!

    Welcome to our community

    Three weeks is too short period of time to master trading and to make it a source of income. If you would like to learn trading binary options don’t rush to fast and don’t put too much unrealistic expectations on it. You will have a child soon and this is a big enough stress to come up with and to trade at the same time, so I think it will be better to relax and trade on demo first before you become consistent in your trades and learn how to do them properly.

    Good luck and see you around

  8. #8
    Specialist Member runneroption's Avatar
    Hello Daniel! It's great that you found BOTS. This community helps you learn a lot faster, but if you need the money and you can't afford to lose much, it will be harder for you. Not impossible, of course, but harder. Three weeks is almost nothing. Most people find the balance of not losing months after their first trades and they become profitable even after a longer period. You need to read a lot about different strategies, instruments and how to use that information. You need to look at a lot of charts till you start to make connections between the market movements and the news, the correlations between different instruments and so on. So, be patient and read - start with the School section, than move on to the other traders diaries, try stuff demo and have fun before risking money. Open a journal of your own so you can track your progress. You'll feel when you're ready to try real trading. Till you feel it, don't rush things. If you have a kid coming, you can't risk to open luck-dependent positions. I wish you good luck!

  9. #9
    Senior Member linda_fx's Avatar
    Hi! I am impressed - you seam like a responsible young father. Don't worry! If you don't rush it and you keep on learning, you'll achieve a lot.

  10. #10
    Solid Member Daniel Rea's Avatar
    Thanks for the warm welcome guys. I have nearly finished the school section which is awesome. I have invested some more money into Stockpair after I won 9 out of 10 trades on demo account 2 days ago. Not touching it yet tho. I just know that $500 is easier to spend now than trying to find it once a kid is here lol. I have been reading a lot on this website and it is just fantastic. After reading SeaSaltMcFish trade blog I am really inspired to start my own which I will do probably next week. Not even really for other people to read, though I am sure they will, but so I have a record that I myself can even read back over.

    Even though I only have been going for three weeks, I probably have spent over 150 hours already reading and researching.

    I have loosly looked at strategy of my own which I am hoping to use with the KiKo option with Stockpair. I am backtesting more with MT4 and also live testing on my communiTraders account. I still need to get time frames sorted though for the communitraders as in KiKo there is no expiry.

    I am also playing around with Bogdans strat also and as I mentioned I have also been using the simple strategy too.

    Thanks again for the warm welcome guys.

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