Top 7 Biggest Money Mistakes a trader makes

1. With $250 minimum deposit you can make millions…. well in a perfect world you can, nevertheless it will take you several years and only if you make profitable trades.

The reality is,that with $250 you can make a stable monthly income of an average of 2000 - 3000 usd.











 

2. I’ll invest all my savings in trading and make it big, you can invest $20,000 - $50,000 - $100,000 in trading and if you are a professional you can be provided for life. For beginners we advise here,in signalsbinary com, to trade on low amounts of $25.Even if you do invest 20,000. Only after getting enough experience you should increase the trade amounts.







3. Taking the profits that you just earned and going to party, well only if it was your plan all along. In trading world you need to have a capital in order to receive monthly stable income. When you profit put the money aside so you will have a backup or save it for an opportunity to double your money when a crisis or a strong announcement provided. 








4. One of the biggest mistakes made is trading the same amount on each asset, only an asset that you have learned and familiarised with it in your trading time should be traded with more money, otherwise, stick to the $25 trades.







5. Taking the monthly salary and investing it on trading is a redline and can emply on a gambling addiction. If you are here to add several thousands to your monthly income, then up to 1/3 of your salary you can invest in trading that way you will be relaxed and have allot of fun trading. 








6. You need to understand that when trading goes to the worst - that means that the stock value crashes,you do not need to panic, the biggest plus of binary options that you can trade against the market and that way make a profit.








7. Withdrawing all the amount from your trading amount it is the biggest mistake you can make, you should only withdrawal weekly up to 10% from your account and you continue trading until you succeed, like in any business and like in anything in life, practice makes you perfect.

 

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