Today I am pleased to share with you the most successful strategy to trade binary options successfully. This sort of strategy has been gained through my worst experience in trading. If you follow my strategy, you will see binary options different way. Check out my new project on Options Domination.
Through experience, trading successfully is all about psychological factor. The system and technical system analysis can be found anywhere on the web and you can even apply indicators and create your own system. Searching through Internet, you will find many binary options system but you need to find the system that fit your trading style. This is the first key. Whether you like long term trades or scalping trade is very important for your interest or you will feel anxious during trading systems you don't like. Swing trading or following trends are some examples of trading systems.
Trading successfully is about setting a clear goal. For example, you can set the amount of gain per day for your trading. However, when you feel that you have gained but not up to the your set goal, you should be happy with it and stop trading because I said "you feel" means that the psychological feelings is involved already. Many traders lose money because they want to consistently fill their daily goal. Stop trading and continue for the next day. Another thing is that if you have achieved set goal, stop trading. If you still want to trade, meaning that your greed is pushing you so this is a sign of disaster. One key of trading is that you have to trade only you feel fresh and set interval between each trades. When you feel annoyed and angry in trading, these feelings will cloud your judgements and will lead to account blowing.
Following the system rule accurately is also important. Don't ever want to place trade because you feel that the market is going to go in a particular direction. This is not mechanical but your feelings. Trading successfully is your ability to minimize psychological factor as much as possible. For goal setting, I want you to set just like 5% or 10% per day. Setting too big gain will get you emotional and greedy so you will still want to trade more and more. Chasing trades and double amount to fill up for losses is surely a disaster and you will blow your account. Another strategy for successful trading is to find a good signal service because this helps minimize your emotional trading and it is easy because you get the signals that are made by professional traders. But be aware of scam signal services too. I am looking at one signal service that is launching soon. It is called Options Domination and it is independent from any brokers. Options Domination prelaunch will last about 2 weeks and I will see whether it is good or not.
Wednesday, January 14, 2015
Thursday, October 9, 2014
Running Online Business
Have you ever run an online business? How many problems are there for online business? How do people become a millionaire by running an online business?
These are all the questions I have always asked when I have no clue how to successfully run an online business. I have been working online for nearly a year but I have never made a dime. Making a dime online is like a dream. I have recently opened a new website for Cambodia business directory. This time I will make my business run a lifelong. However, I am on the stage of startup and really impatient about whether it will make me any money because I have to spend for the domain and hosting every month.
The only secret to online business is it requires a large amount of time devoted to it and if you do it a wrong way, it will end up in vain. However, the only mindset for this business is to do whatever it takes or persistence. I have opened Khmer Locate a week ago. Now I am working on promoting and ranking it.
What else about online business? It requires less capital but you need to have enough capital. It seems to be so easy and convenient to stay at home and work but the amount of work outperforms the normal job and it causes a lot of stress if you don't know how to cope with. It attracts you and makes you hope for millions of dollars of income from home but the job and skills required are considerable.
Some people are successful from online business from their own passion. They don't hope for any income from it but just do it for their own favor. However, their online business turned out to make them millionaires. Now I started to run my own online business for Cambodia business directory for my own pleasure.
In conclusion, online business requires a strong persistence and working from your own heart and don't expect anything. Now I am running a blog, called Ponnara's English Teaching Club (PETC), from my own passion in teaching students because my real skill is teaching English. I don't expect anything from it but just a website to share the materials for my students' improvement. It is just in the startup now.
Sunday, July 6, 2014
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