What are the wrong ideas in Binary Options? Nowadays, many traders have evil thoughts about Binary options, so here in this article, I want to mention the terrible reviews about Binary Options.
It would be best if you learned Forex before trading in Binary Options.
This is a wrong idea that you can start Binary Options trading without Forex learning. Instead, you can begin to learn your Binary Options trading strategies, so the Forex market is not a prerequisite for Binary Options trading.
It would be best to have a lot of money to start Binary Options trading.
This is another wrong idea about both Forex and Binary Options market. The Forex broker’s minimum deposit was more than 10,000$ for trading, but today, you can start trading for just 1$!
You don’t need a strategy to trade in Binary Options!
This Idea is amusing. If you believe this Idea, I highly recommend you leave Binary Options trading and go to the Casino for gambling!
All Binary Options brokers are scammed!
This is your fault if you choose the wrong broker for your trading. Many Forex and Binary Options brokers are scammed. It would be best if you were careful to select the best brokers.
The chart trend is not predictable!
If you think the market is not predictable, why do we have a lot of universities that learn the Forex market and economic indicators?
If you can’t predict the market, increase your knowledge. What are the wrong ideas in Binary Options?
I should find the best strategy in Binary Options.
You should know there is no best strategy in Binary Options or Forex market. All profitable strategies are good, and you can’t count on fix strategy for a long time. Some plans are good in the trading area, and some are good in market trends. Hence, the others are good for important news.
You can use your Forex strategies in Binary options.
If you look in the usual way, this Idea is not wrong. But If you look at Binary Options trading wisely, you can understand that the Expire time is a significant factor in Binary trading. In Binary Options trading, the return and losses are fixed in each position; after that, you can’t use your Forex strategies on Binary Options without innovation.
I thank you for the information
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