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  1. #1
    Rookie Member DEVAN's Avatar

    Hi there,I am a newbie to binary options !!!

    Hello, My name is Devan Naicker and i am from South Africa.
    I am unemployed now for the past 2 years.I would like to educate myself
    and learn how to trade binaries so that i can earn an income and support my
    family.Any advice,tips and signals will be much appreciated.Thanks

  2. #2
    Rookie Member
    hi me new here but i am a good signals providers

  3. #3
    Administrator Martin Kay's Avatar
    Hi Devan,

    Glad to see a fellow Saffer here.

    To be honest with you- if you're unemployed, i don't think Binary Options is for you. If you do decide to trade binary options, please do me a favor- learn the business well.
    Don't rely on signals providers to make you profitable.

    You can start on our brand new school section.

    Take Care and think about it one more time before for you deposit

    Martin


    Quote Originally Posted by DEVAN View Post
    Hello, My name is Devan Naicker and i am from South Africa.
    I am unemployed now for the past 2 years.I would like to educate myself
    and learn how to trade binaries so that i can earn an income and support my
    family.Any advice,tips and signals will be much appreciated.Thanks

  4. #4
    Administrator Martin Kay's Avatar
    WTF?? Really?

    Quote Originally Posted by melcultoxic View Post
    hi me new here but i am a good signals providers
    @Devan - this is why you've to be careful of fake signal operators.

  5. #5
    Rookie Member
    Martin

    Absolutely true!!
    Devan I'm also from South Africa. Happy to see the number of traders from South Africa growing. Learn from this site, BabyPips and Forex Factory sites.These are probably the 3 best sites I can recommend. You are absolutely right, educate yourself initially. First understand fundamental (economic drivers-see Forex factory Economic Calender)and technical analysis (indicators, charts, candlestick patterns, trendlines,support and resistance etc) of the financial markets. Select a trading method that you are comfortable with, understand and stick with it. For starters, select one currency pair (e.g EUR/USD) or asset to trade (e.g Gold) and know it well by demo trading it for a while. Read broker reviews here for binary options brokers. Treat this like a business, preserve capital and manage risk(Set by your trading method). Actually read a lot about trading psychology. If you are able to double your account within a set time frame, you would know that yout trading method is working. Keep a trading journal. Only then can you start trading live. Hope this helps mate.

  6. #6
    Solid Member Murphy13's Avatar
    The South Africa lobby in CommuniTraders gets bigger and bigger I know there are many talented traders in this country and for sure there will be many new to binaries too. This is a very good advice, MoneyMaker to start with only one instrument when you are newbie trader. This way you will learn better the dynamic of the specific market and mastering it!

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