This guy did a ridiculous thing. A thing that he wouldn’t advise others to do, but a thing that worked out for him on the other hand. Ollie was in his first year at University, having just finished his first round of projects, when his enthusiastically expected student loan came in. Over the next few weeks everything would change for him and it was all thanks to him something new, and that was discovering how to trade binary options. His friend John sent him a link to check out. John was interested in trying out this new form of online trading and John wanted his opinion on a some website, just to help him and to double check it and to let John know if Ollie thought it was legit. So, Ollie did that for John, but in all that reviewing Ollie ended up catching the bug as well and deposited a bigger piece of his student loan into a trading account. Luckily this is a positive testimonial and it is not a horror story. So, Ollie didn’t lose his money, he didn’t get hooked and blow everything he has. However, he has learned to trade binary options beneficially and managed to pay off his first two years at university, and living expenses as well, in about two months of pretty powerful trading. Also, Ollie had side job, in order to earn some money for the college, but soon as he has found out about trading, he quitted his job, and started to work more and more with binary trading. Software can help you for sure with your trading.
Binary options are mostly a basic trading instrument. Different from the other types of trading you do not profit just from investing in a security that rise in value, where your profits are being determined also, by how much the benefit you’re trading has risen. So, binary options are totally different. The thing is that you can profit from properly predicting that an asset will fall or rise. It does not matter what is going on in the markets, you can profit in bad and good times alike. That is because you don’t take control of the assets you are trading on you are just forecasting the course they are most probably to move in. One bigger plus for trading binaries more than other instruments is that when you are trading binary options you know from before you place to a trade what you can profit if the trade goes in your way and what you are ready to lose.
Anyway, it turns out he was quite good at trading these options because with all the complexities having been removed on the trader’s end, and with a bit of a research, it was proved easy for him to spend most of his day by following economic data releases, analyzing the news, researching which assets are connected to which other assets and then bringing it all together in one or two hours every day that he chose to trade. So, that is his advice for all newbie traders, you should not go into it blind. You should have a piece of news in mind every day and that is probably to influence the asset you are trading and monitor that asset’s price action for signs that your guesses were right. It is guaranteed that the more you do the better you are going to get.