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  • What causes failure in binary options?

    What are the major causes why there were people failing when it comes to trading binary options?

  • #2
    It's hard to answer this question completely, in general mis steps are caused by incorrect decisions, but what it is that helps come to these decisions is what needs to be dealt with)

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    • #3
      Yes It is really hard to say that every binary option strategy failure.

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      • #4
        Many people think of binary options as of a casino and bet off the top of their head. Because of that they eventually drain their deposits.

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        • #5
          In my experience, 90% of all failures is trader's fault because it is responsible for all the decisisons.

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          • #6
            It's because they want to make money quickly, so they miss out on everything. For one, draining happens because of inexperience.

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            • #7
              Originally posted by Fozer View Post
              It's because they want to make money quickly, so they miss out on everything. For one, draining happens because of inexperience.
              I agree with the inexperience, and lack of knowledge of what you are doing, so you better go and research more. By the way, have you heard of cryptocurrencies trading, like etoro ethereum vs coinbase?

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              • #8
                Binary options and Forex trading pays...I am glad to share with you my success story today...Though Binary options/Forex trading is Highly profitable but Here is my little advise, Trading binary Options or Forex can create a constant Cash flow in your financial life for sure but you should know that binary options trading is not a play ground you must understand how to read the trends and also have a good strategy thanks to a very honest TRADER i came across, who has helped me and a few of my friends making up to $4,910 on weekly basis managing a live trading account for me.

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                • #9
                  There are many reasons and all depends onthe situation and the trader. The common mistake is that people do not want to learn and get knowledge about binary options. Every strategy has its own advantages and disadvantages indeed.

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                  • #10
                    I see many reasons - selfishness, lack of experience, no desire to learn, also maybe the brokers that came along were unreliable.

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                    • #11
                      You know, I traded on cryptocurrency but it wasn't for long. I didn't like it at all. It's a very active and unpredictable graph.

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                      • #12
                        In order not to have losses on binary options right away, you shouldn't buy binary options for more than 1-2% of the deposit. For example, if you buy 2 options for the price of 50% of the deposit, you can loss everything right away.

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                        • #13
                          In each individual case there's it's own mistake, or even a combination of several. But as far as I'm concerned, the most common is when a trader is too confident about their knowledge or their means, excessive confidence.

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                          • #14
                            Originally posted by Droid View Post
                            Many people think of binary options as of a casino and bet off the top of their head. Because of that they eventually drain their deposits.
                            Unfortunately I was one of them who exactly think thought on this way.

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                            • #15
                              There are a lot of reasons behind the loss of the traders on the binary options market. I think binary traders lose money due to the lack of planning and thinking it an easier job to do. But, a person with good management skills can tackle the market.

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