Binary options training from scratch: what to avoid?

Марина Штыкова
1 min readApr 17, 2019

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I think that for all beginners it will be useful to start learning how to trade in binary options by listing “slippery” moments that have no place in trading:

First, let’s talk about trust management: never give anyone your money or access to your personal account. Nothing good for your wallet;
Secondly, remember, never from anybody buy super-profitable indicators and strategies. They do not exist, as I wrote at the very beginning of this article. As a rule, having tried all these magic tools, beginners become opponents of the market and shout that binary options are a scam;
Third, no robots. Even from a broker (and even more so from brokers such as IQ Option). Not only is your deposit likely to evaporate within a couple of hours, you can also become the proud owner of a Trojan on your computer;
Fourth, never trade with analysts in a broker. Because they also do not exist, you trust the trade to ordinary sales managers;
Fifthly, choose only reliable binary options brokers to trade, otherwise you may find yourself in a situation where the platform makes losing trades without your knowledge or when the broker does not withdraw your money. Under the link memo on how to choose a broker and distinguish a bona fide company from ordinary scammers.

I wrote a whole article about other common mistakes of novice traders, if interested, you can read.

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