| 1. Trading the Full initial amount. The fatal trap for a trader is to invest the full initial amount on one trade,then close the eyes and hope for the best. The trading should work by a musical rule; crescendo. The musical note gets stronger and stronger with time,the same should be with the investment,the investment will gradually grow after a learning process. |
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2. Mr. Know it all "I know everything - I know how to trade", "I don’t want to listen to anyone". Ttheir key element of success is to be as much informative as possible - daily! The most proffesional traders are keeping themselves up date on a regular basis and always keep their feet on the ground. |
| 3. Trading daily In a real profitable trading world, a trader trades using fundamental analysis first incompartated with technical analysis (if you are not familiar with those 2 terms you can ask us on the signalsbinary.com chat, what fundamental and technical analysis means). Then trade only on influential events, for example:the NFP. |
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4. Never withdraw The Important 10% rule:weakly import your profitable account income, with this technique a trader takes profit in the end of each month,while continuing trading with the rest of the capital. Most of the traders forget to withdraw weekly profits. |
5. Trading using Charts and Graphs ONLY Binary options is the most simple and fast way to make a stable income.however, traders usually basee their decision on the graphical point of an asset and forget to check what's going on in the world. |
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| 6. Using only trading robots Trading robots is one of the innovations in the trading world.however,no robot can predict a malaysian plain crash in Ukrainian sky and analyze the influence it makes on russian banks. |
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| 7. Fast trading The most profitable trading outcome is trading longer trades.One of the biggest sins made by traders is trading quickly without any patience on short expiries. |
8. Having only one broker Trader will never succeed by having only one broker working with him daily, A trader has to split the initial investment and find the most compatible brokers for his needs. |
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9. Not enjoying If a trader is not enjoying the trading process,he will start making decisions based on dark emotions.The trader will not achieve profitable outcome. |
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| 10. Reinvest the full amount of the profit In order for an account to grow, a trader shuold invest the profits back to his account.This will provide him the freedom to make bigger trades and make more profits.Nevertheless,the trader should reinvest up to 40% only from his profits. The other 60% belongs to the trader.So,from a $10000 profit a trader should reinvest $4000, and $6000 will stay in the trader's pocket. |
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