7 traits of successful financial traders by Vince Stanzione

Every trader has their journey & will make their own mistakes, my new E-book 7 traits of successful financial traders written for http://Deriv.com I aim to help you avoid as many mistakes as possible. Download free copy (PDF) https://bit.ly/3B58JYF

Vince Stanzione 7 Traits of Successful financial traders

So let’s see what the 7 traits of successful financial traders are.

  • They cut their losses and let winning trades run. …
  • They plan their exit strategy. …
  • They diversify. …
  • They let trends be their friends. …
  • They are masters of their emotions. …
  • They KISS (Keep It Simple Stupid) …
  • They know what they can control.

Download your full Free copy now: (PDF) https://bit.ly/3B58JYF

Making Money with Binary.com New Ebook

I have just written a new ebook “Secrets to Smart Trading” which explains more about using binary options or fixed odds bets. You can download a free copy by following this link:  https://t.co/pSMRMUmIcZ

Profit from Falling Markets

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How to Turn Small Stakes into Large Returns, Using the Grain of Rice Principle

Profit from Fast-Moving Markets

7 Top Trading Tips, to Help You Win at Binary Trading

Set Up Your Own Trading Plan and Strategy, Using

the Simple

80/20 Rule​

And Much More, Written in a Simple, Easy-to-Follow Format

What is “Binary Options Trading”?

It’s a special type of online trading with a fixed payout, in which you predict the outcome from two possible results.

The word “Binary” in Binary Options Trading comes from the choice of two potential outcomes, in a perfectly clear-cut, dual-sided scenario.

For example:

Will the price of Gold trade higher than the current spot price in 15 days?

No matter how you slice this scenario, there are only two outcomes possible:
-Yes, it will trade HIGHER.
-Or no, it will trade LOWER.

Let’s just say that you take the position that it will trade HIGHER, and decide to purchase this option:

-If your prediction is correct at the end of the set period, you’ll receive the payout that was determined at the start of the trade. Note that this amount is automatically calculated and reported to you through Binary.com’s pricing technology, before you even press the buttonto purchase this trade.

-If your prediction is incorrect at the end of the set period, you’ll only lose your initial stake, and no more. Note that the stake is equal to the amount that you initially pay to purchase the trade – so there are absolutely no surprises.
Thus, as you can see, Binary Options Trading is a very easy form of online trading, with entirely predictable outcomes.

With Binary.com, you know exactly what you stand to gain or lose before purchasing each and every trade.

Download your free guide now: https://t.co/pSMRMUmIcZ

Avoiding the pitfalls of trading binary FX options

The idea behind binary FX options is simple: pick a market and a time horizon and if you’re in the money at expiry you get a fixed return. If you’re out of the money you lose the stake. That either/or aspect is why they’re called binary.
But investors still need to do their homework, especially when it comes to choosing brokers and strategies. Currency Investor spoke to veteran analyst Vince Stanzione to get the low down.

Choosing your broker
“If you’ve never traded binary before, start with a virtual account so then you can practice trading. Most of the companies offer free virtual accounts,” says Stanzione.
Once you’ve put in the hours and decided to give it a go, it’s time to choose a broker. Binary companies typically let you dip your toes into the water with small amounts.
“Try to go with an established company. Don’t go with something that’s opened six months ago. The firm I mainly use is Binary.com. I opened an account with them in 1999. They’ve been around a while,” states Stanzione.

Investors should also be wary of eye-catching bonuses. “I have people saying, ‘Oh, this guy is giving me $500 back’. You Avoiding the pitfalls of trading binary FX options
know, you don’t get something for nothing. Companies do offer some free bonuses but if they’re too big I would worry.”

It’s a tool
Now you can think about risk appetite, instruments and trade horizons. “People say ‘binary’ and they think it’s all high risk. It’s not. It’s a tool,” says Stanzione. He noted many firms offer the chance to sell back a trade before expiry, either to take a profit or to minimise a loss.

Investors are not limited to trading the majors. Many companies offer emerging FX binaries. Stanzione prefers longer-term horizons. “A lot of people don’t do that because it costs more and they think, ‘I want as much leverage as possible, I want as much bang for my buck’.” But an investor may have the right trade only to get caught out by a short-term blip. His sweet spot is around seven to 14 days.
The plethora of new binary products is testimony to their popularity. But Stanzione advised against trading binaries exclusively. He says they work well as secondary tools, allowing investors to augment existing trades. For instance, say an investor has a profitable long-term euro/dollar position from a spread bet. Shorter-term, the investor may want to trade around that via binaries.

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“Also, some binary companies sometimes offer ways to make money on sideways markets,” he said. It may be possible to do such trades directly in the options market but it can take effort.

Currency Investor Newsletter Vince Stanzione

Conclusion
Stanzione’s final advice: use sound money managementtechniques and don’t get carried away, “I’ve seen it before where someone will have done really well and then they’ve gone through what I’d call a crazy phase, where they think they can’t do anything wrong. They start taking serious bets and become reckless and before you know it they’ve wiped out their account.”

Learn more at www.winonmarkets.net

New to Binary Options? How To Make Money From Binary Trading

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Binary Bets are a great way to make money from financial markets and can be used to profit from up, down and even sideways markets. You can open an account with binary.com with as little as £50 and start trading within minutes on markets such FX, indices, Gold, Oil, Silver and individual shares.
Get a complimentary copy of Vince Stanzione’s complete guide to binary options trading.
Guide is available exclusively for both beginners and advanced traders and a FREE £20 bonus inside!
Just click here to get your guide now.

“Binary.com is the best binary – fixed odds firm and I have been using them for over 14 years, you can start with small stakes and trade markets to go up, down and even sideways.”
Vince Stanzione

 

Learn the binary trading secrets:

  • Control your risk 
  • Trade currencies, stocks, indices & commodities from ONE account 
  • Trade with as little as £1 or as much as £100,000 
  • Spot market trends using the right charting tools and techniques
  • Manage your capital
  • Determine whether to go long or short on a trade
  • Setup your own trading plan and strategy

Just click here to get your guide now.

What are Binary Options or Fixed Odds Bets? Binary.com

In this new Video Vince Stanzione explains more about Binary options and how you can profit from up, down and even sideways markets.

 

Fixed odds financial betting or Binary Options offer a tax free, flexible and innovative alternative to trading the financial markets. With fixed odds betting you can bet on the financial markets knowing exactly what you stand to gain or lose from the point you place your trade. This means you can never lose more than your original stake and you always know what you stand to gain. www.Betonmarkets.net  over bets ranging from £1 to £50,000 on a selection of popular financial markets including currencies, shares, indices and commodities.

 

A fixed odds bet is a bet which pays out a fixed amount if a predicted event occurs within a specified timescale. If the predicted event does not occur within the duration of the bet then all you lose is your original stake (again a fixed amount). The events that you can bet on are more varied with financial fixed odds betting than with any other form of trading. Not only can you bet on the market going up or down, you can bet on the market not going up or not going down, you can bet on the market staying within a range or not staying within a range and much, much more.

 

Financial fixed odds betting is the simplest way to trade the financial markets. The bets are flexible, transparent and easy to understand. If you’re not familiar with trading then fixed odds betting is a great place to start. If you’re an experienced trader then fixed odds betting will be a valuable addition to your investing armoury. To learn more about Binary Options and Financial Spread Betting please click here www.winonmakets.net