Binary options are quite similar to Forex though, which is quite a bit more predictable. If you compare options trading to casinos, binary options would be slot machines and Forex would be blackjack. Yes, there’s a bit more time and skill that goes into learning and mastering the math behind blackjack, but slots are completely random.
Now, since binary options are dictated by the same charts as Forex, the smarter thing to do would be to have the Forex charts pulled up on a separate screen or window to give you a bit more perspective into what is really going on. Because if you rely 100% on the charts inside the binary options trading platforms, you’re almost sure to fail over time.
Also, let’s say you know and understand everything about trading, then there’s the issue of shady binary brokers. Some have been around for a few years now, but most tend to come and go within a few months. And, if you’re in the US, typically most brokers aren’t very US-friendly. However, if you’re in most any other country and want to trade binary options you should be fine.
And then lastly, you can go out there and learn all about binary options trading if you want, but some people are either just lazy, looking for the easy way out, or are searching to look over a mentor’s shoulder’s and learn that way. That’s where live trading signals subscription services come in. Here is the one I recommend.
In my experience, it’s a little bit slow, but you will learn a lot, and you are pretty much guaranteed to get at least two solid trades in each session.
Here are a few other solutions…
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