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  • #16
    May be that's the reason "Much of the industry perpetuated fraud against its investors, earning money when the investors lost money. " The fraudsters lied to the investors about the potential for profit and about the identities and locations of its “brokers,” and frequently disappeared with the money when investors attempted to withdraw profits.

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    • #17
      Rule #1 - Never invest money you can't afford to lose.
      Rule #2 - A broker makes money when you loose, just like a sports book.
      Rule #3 - Never allow a broker to trade for you. Remember Rule #2.
      Rule #4 - Start trading with a demo account first to prove viability and learn how to trade.
      Rule #5 - If a system/software/bot/trader requires you to deposit/use real money don't do it. It breaks Rule #3.
      Rule #6 - Never accept a bonus that requires turnover and traps your money from being withdrawn.
      Rule #7 - Always trade a percent of your account, a small percent to manage risk and maximize profits.
      Rule #8 - Check this thread about complaints before choosing a broker:

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      • #18
        I think the behavior of the trader and his mentality is the cause of failure on the binary options market. Many trader take it as a shortcut to earn much which is not a possible thing guys. You have to struggle for gaining success folks. Do you agree with me?

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        • #19
          I can teach you how to trade binary options successfully and you make over 300% profit and you pay me a percentage of the profits made
          Whatsapp +1 (213) 2143407 to start.

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          • #20
            Mate, it is pretty obvious that success is not achieved overnight and what you achieve overnight is rarely sustainable, therefore, it is vital to face the heat and pass through it. The good and bad news is that success and failure, both are not FINAL.

            So, it always can change into the opposite, but all to do with your own decision making and willingness or lack of it. I always believe in simple and gradual ways of working. In that it’s highly helpful through PowerShares stock, it works tremendously nicely especially for me with PowerShares stock forecast, which keeps me absolutely covered.

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            • #21
              I think people lose the consistency due to the overconfidence by winning a couple of trades. In order to run in a constant fashion you have to work on a particular plan and with good management as well. It is hard but possible to get success on the binary options market.

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              • #22
                Indeed, the fundamental error is that individuals begin trading binaries with no legitimate learning. I would recommend beginning on this market just once you have taken a stab at exchanging Forex and saw that it is either too tedious for you or you can't deal with open positions.

                On the off chance that Forex is excessively mind-boggling - don't begin with pairs, you will fail as well.

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                • #23
                  I have been trading on the Forex market from a long time and I have come to conclusion that whenever we go greedy with our trades, we lose money. Patience always pays you sweet fruit and you are advised to stay as patient as you can. Thanks

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                  • #24
                    The people are failing mostly due to the strategic plans,Strategy plan is really important into ensuring traders to have a general plan of in what to invest, how to trade and how much money is the best sum to invest (for beginners and experts also). I hope you got your answer now.

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                    • #25
                      Sometimes even experienced traders make misjudgement of future market moves.It is quite normal on this market to make a loss deal from time to time. But if loss deals are constant, then something needs to be changed in the strategy. So I would stress two major factors:misjudgement and wrong strategy

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                      • #26
                        It's alright. Newbie trader implement wrong strategy and cannot manage risk or adjust strategy during different market. Misjudgement and wrong strategy can be cause of lost their money.

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                        • #27
                          I will go with teh greed as greed is a bitter curse in every field of life. People get greedy too quickly when they see the market. They try to invest even if they do know nothing about the market. This is the real problem with most of the traders and they fail as well.

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                          • #28
                            In my opinion, Binary options are riskier than forex, though forex trading also has its own difficulties. Both can lead to flow of cash, and it all depends on your research, consistence, trading skills and experience. In order to succeed, get as much information as possible before you go into live trading to avoid common mistakes

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                            • #29
                              What really happens is that traders get into Binary Options with overconfidence, thinking that their knowledge of forex trading will help them entirely with options as well. You need to understand options well, the spread issues and any other unique thing that differentiates it from forex. With a good broker and the right education, it is possible to succeed

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                              • #30
                                It is very hard to trade binary options market, this is why I still stick with Forex. There is no option to control risks when trading BOs which makes it harder to sustain and protect your capital. I find that also finding the right move at the right time is extremely hard, even with some practice

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