For each signal that appears in the Binary Matrix Pro software, users have the OPTION of reporting whether they traded that signal.
If you choose to report a specific trade, you will automatically be taken to the Social Reporting And Results Panel.
If you did report taking the trade then, 60 seconds later, you’ll be able to confirm whether it was a winning or losing trade.
No matter if you report your trades or not, you’ll always be able to see the activity and results reported by OTHER members of the Binary Matrix Pro community in real-time.
7 Myths And Truths About Binary Options Trading
One of the great things about myths is that you can usually find a nice selection of contradictions… so let’s explore a few:
It’s more profitable to trade Crypto than binary options with Binance Guides
A lot of people seem to hold this view but, at the end of the day, it really depends on what you’re trying to achieve and how you’re trying to achieve it. You *could* open a Crypto trade and strike lucky – trends in Crypto can run for thousands of pips in some cases, so riding one of those can be very profitable. However, riding a trend for those big bucks can mean you need to stay in the trade for weeks, months or even years.
That’s clearly not what we’re looking to do with binary options – the tactic here is to get in and get out with a good gain in the shortest reasonable time – 60 seconds in our case – and, then use compounding of profits to maximize your returns. By doing that, binary options becomes a lot more profitable than Crypto.
It’s hard to trade binary options
I think we’ve already shown that nothing could be further from the truth – with only two options available, you just need to click a button and you’re done. Not just that, you have fixed risk and fixed reward so you always know where you are … there’s no second-guessing … no “Price is going against me – should I close out?” – no “Hey – I’m up 3 pips – should I bank that profit before it disappears?”. I guess that everyone has the right to their own opinion but I just think that trading binary options is just easier and far less stressful than Crypto.
You can’t make money trading binary options
Now this one’s just silly – if you can’t make money trading binary options then why would it be the fastest growing trading sector? Personally, I think this myth was started by the same people who never learned to trade Crypto or futures or stocks profitably … what they always forget is that trading’s a zero-sum game so there’s always a winner in every trade – the guys who start these rumors are probably just on the losing side all the time.
Brokers trade against you
You would not believe how often I hear this and it’s just so wrong. What actually happens is this… brokers work on probabilities – the obvious one being that some people will think price is going up and some will think it’s going down. All they have to do (well, all their servers have to do) is match up clients betting up against clients betting down … it really doesn’t matter to them who wins because they always collect the difference.
Take a simple example where one trader places a $10 CALL and another places a $10 PUT.
If the price went up then the trader who placed the CALL would win $7 but the trader who placed the PUT would lose $10 … that means the brokerage earned the $3 difference for matching up the traders – this is exactly how all traded markets work. Speculators speculate and the broker gets paid for being matchmaker.
You can make more money trading longer timeframes with Binance Guides
Sorry to burst your bubble – your chances of winning longer-term binary option trades like 15 minute, 60 minute and daily binary options is no better or worse than short-term options such as 60 second binary options if you trade an appropriate strategy. The difference is that you’re forced to trade less so, if your strategy works, longer-term options actually force you to be less profitable!
You need to trade a lot of currency pairs in order to make money with binary options
If you think for a moment then you’ll quickly realize that this is another fallacy – when you try to trade too many pairs then you simply can’t focus on what you’re doing so, rather than making you profitable, try to trade lots of pairs actually has the opposite effect.
It’s impossible to make money across all major trading sessions
I love this one! I’d have to be honest and say that it’s probably true if you trade Crypto as certain strategies work better in certain trading sessions. To an extent, I suppose that trading binary options with particular strategies would suffer from the same issues but, Binary Matrix Pro disproves the theory completely because we achieve almost identical results around the clock… and not just us – our users are reporting the same consistent performance via our social reporting feature.
5 Elements, Without Which, You Can’t Make Money Trading Binary Options
It’s funny how people can come into this business believing that they can just start hitting home runs without making sure that all the members of their “team” are in position first. I’ve genuinely lost count of the people I’ve met who saw something about binary options and decided to just wade in and get rich… only to end up poorer than before!
Oddly, this really isn’t rocket-science… it’s just that some people like to make things more complex than they need to be… and others just can’t be bothered.
Anyway, here’s my take on things:
1) Before you can do anything, the most important thing you need is… a great brokerage!
Now, under normal circumstances, you’d be left to do the leg-work yourself but, as a Binary Matrix Pro user, you can leverage the benefit of our knowledge and research in this area – and that’s something I’m going to cover in more depth a little later.
Where WOULD we be without volatility to push price around?
However, the question is probably more correct if I say “Where WOULD we be without the RIGHT AMOUNT of volatility to push price around?”
That’s right – we need the correct amount of volatility to move price enough to let us win trades, but not so much that it invites price bouncing. That’s why we have the volatility monitor and filter within the Binary Matrix Pro software.
3) Directional assessment
Of course, it’s all very well knowing that volatility’s within an acceptable – even ideal – range, but without an idea of whether price should move up or down, it’s pretty pointless! That’s the reason why Binary Matrix Pro includes a directional predictor. The directional predictor filters out random noise and then uses a heuristic approach to speculate which way impulses are going to push price during the next minute… it requires a ton of computation, but that’s why computers were invented.
4) A great system
Well, that’s hardly a surprise! …at least, it really shouldn’t be! At the end of the day, everyone’s looking for a reliable system that can help them make money from trading – isn’t that exactly why you’re reading this page?
Well, the good news is that Binary Matrix Pro is exactly that system so you’re in the right place at the right time.
Be honest… who doesn’t need some support from time to time? …even if it’s just some help to install or use some software. All I can say is that the support offered by Binary Matrix Pro is just excellent… there are live chat staff available for those silly little things and, for those more “in depth” things, we also have our personal account representatives who are easy to reach – even by telephone – and will bend over backwards to help you. Not only are they experienced traders who know the Binary Matrix Pro software inside out, they’re also able to help you get where you want to be …and do it sooner than you expected.
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Key Reasons Why People Are Losing Money In Binary Options … And The Solution
This is a fairly subjective topic but I want to throw out some things that I’ve noticed and hopefully I’ll touch a few nerves in the process…
The most common reason I’ve run across is simply that people don’t trade a reliable system – for some reason, a lot of people almost seem have a trading plan with binary options and that’s especially the case when people start trading the very short timeframes… it’s simply not possible to trade manual strategies on very short timeframes because there’s just no time to assess and react to information.