Binary Options Course

W h a t a re B in a r y O p tio n s ?From our experience, it is normal to make20% of your account’s value, per month. Thismeans that if you have a 500USD accountyou will make 100 USD per month.If you think it’s not much then think again,because that means you would make 240%a year! To put it into perspective, your bankdeposits doesn't even reach 7% a year,maximum. And depending on your countryyou might get no more than 1%.So it's easy to say that the earning potentialis very good!But as I said before, one can also losemoney. And it will be inevitable to lose,because nobody always wins. The most youcan lose is the total balance of your account,that is, the amount you deposited in thebroker.What types of Binary Options exist inthe various brokers?1. Cash-or-nothing:It's one of the most common formats.It consists of betting on the increase ordecrease of the asset’s value. Here it doesnot matter what the final value will be, butit does matter if it is above or below thevalue at the time of expiration, comparedto the price it was at when you placed thetransaction. If you hit the right directionthat the price took, at the time of expiration,you will earn on average 70% to 85% of thevalue bet.2. Assets-or-nothing:Unlike the previous format, here thepayout is determined by the price of theasset itself.It is a good choice, but here you musthave a deeper knowledge of the financialmarkets, or at least be well inside theasset prices and their latest fluctuations.Previously, it was a widely used typeof Binary Options, but because it wasmore complicated it was progressivelyeliminated from the platforms.Nowadays, many brokers do not evenoffer this type anymore.3. One-touch/No touch:These two types of options have also beengradually removed from the market andthere are already few brokers offeringthem, so I won't dwell on them. 4. 60 Seconds:One-minute or 60-second Binary Betswere the ones that appeared later.Initially, there was not so much offer inexpiration times, and the shortest betthat existed was 15 minutes.However, with growing interest andmany new traders entering the market,new brokers also appear. And these newbrokers, to stand out from the crowd, andto show innovation, created new expirytimes.This content is proprietary of thebinaryoptionsblog.com 9

W h a t a re B in a r y O p tio n s ?Thus, arose the Binary Options for 60seconds or 1 minute, also known as TurboOptions.Within the Turbo Options, the expirationtimes of 30 seconds, 2, 3 and 5 minutes arealso considered.However, the most frequent and the onethat is used the most is still 60 seconds or 1minute.Unlike some types of trades that have beenslowly removed from the brokers platforms,the 60 second- or 1-minute type has beenvery successful and is, by far, the mostwidely used Binary Options setting globallytoday.Some brokers even became known for andtheir growth was mainly due to the offerthey had for this type of operation.The reason for this success is due to theirshort waiting time, we put a bet and 1minute later we already know the result.For those who do not want to wait 15minutes, 30 minutes or 1 hour, this ismuch more fascinating.On the other hand, you have adisadvantage that you can't runfrom. Due to the fact that it is so fast,sometimes we end up losing theoperation because all it takes is one smallmarket movement to lose (or win).Making a correct analysis of the marketand a accurate prediction becomes muchmore difficult to do in such a short periodof time and we are more dependent onthe luck factor.This introduction is brief and summarized,as there are many more details that needto be known. If you want to read more indepth content, click to learn exaclty whatare Binary Options.This content is proprietary of thebinaryoptionsblog.com 10

CH APT ER 01R u le s a n d D is c ip lin eIn this initial chapter we'll talk about Rules, Discipline andEmotional Control. The solid foundation for any trader, in anymarket, starts here.This chapter has 20 issues, where each one talks about a differentrule.This content is proprietary of thebinaryoptionsblog.com 11

Rules, Discipline and Emotional ControlRule Nr.1N o u r is h m e n tThe intense activity of a trader requires alot of attention, concentration, capacity ofanalysis and quick thinking.Science explains that, of all the energy weproduce, 25% is consumed by the brain.For this reason, we should never operatehungry, or without enough food in ourorganism.It is fundamental that when we areoperating, we have our body with enoughfood.Firstly, we need to make sure that wehave the efficiency to operate withconcentration and with all our capacitiesat the maximum level.On the other hand, it is important to avoidthat at the moment when we may behaving an operation, the fact that we arehungry may lead us to make some mistakebecause we are, for example, thinkingabout food.If you intend to start operating in themorning, it is important to have a goodbreakfast before operating.If you prefer trading between mealsor later at night, it is important to eatsomething first. Even if it is somethinglight: a fruit, a cereal bar, a yogurt.Never forget, a Trader never operates onan empty stomach.“A Trader never operateson an empty stomach.This content is proprietary of thebinaryoptionsblog.com 12

Rules, Discipline and Emotional ControlRule Nr. 2Clear HeadOn the days when we are not fit, weshould not negotiate. Either because theday went wrong at work or at school,or because we had an argument withsomeone, or simply because we areworried.Simply by breaking this rule.On a particular weekend, he had anargument and separated from hisgirlfriend and the following Monday hewent back to the operations to try toforget her.It's important to have a high morale andconfidence to get good results.Not only hasn't he forgotten his girlfriend,but he's alsoended up losing all the profit he hadobtained.Usually when the day starts going wrong,the whole day goes wrong, just as when itstarts going well, everything goes well.In trading it's the same, the positivementality will attract positive things andif the emotional and psychological part isdown, on this day probably it will attractnegative things.To give a more practical background, I willgive the example of a student who took atraining about 2 years ago.This concrete case shows why it isimportant to have a clear head, withoutany bigger problems or concerns.He took the course and startednegotiating, having excellent results in thefirst weeks.In 15 days, he increased the amount of hisaccount by 40%.But in 2 days, he lost everything!The reason for the loss is simple tounderstand. He was emotionally unstable,and that's half the way to loss.This example serves to demonstrate twothings:First, we must respect all the rules.Sometimes we think there are moreimportant rules and others are lessimportant. But in fact, all 20 of these rulesthat I am addressing are equally importantand cannot and should never be broken.Second, if there is something that affectsour emotions and our psychological, it willprobably affect our operations.The separation of this student and hisgirlfriend ultimately demonstrates that. Ifyou're not emotionally balanced, you don'toperate. Come back tomorrow or whenyou're better.How did that happen?This content is proprietary of thebinaryoptionsblog.com 13

Rules, Discipline and Emotional ControlR Nr. 3Eliminate the NoiseThe time and place chosen to negotiateis important. You should not negotiate innoisy or confusing places.You should trade in a quiet place. Thatbeing said, I should not trade when I ambusy doing other things.Avoid negotiating when you are withfriends, family, animals, watching TV, onsocial networks or playing a game.We should also avoid operating atwork, because we have to share ourattention with colleagues, clients, emails,telephones, etc.I'll give you one more example. This timeI’ll refer to a student from last year. Thisexample shows, once again, how breakinga rule can be terrible.She took the course and startednegotiating with extraordinary results. Infact, even I didn't initially believe in herresults.She started with a 300-euro account andin just 12 days she reached 1970 euros. Injust 12 days she had multiplied her bankby 6.The problem was that obtaining suchfantastic results led her to break somerules in an attempt to increase her profitsincreasingly.The greed to earn more and more led herto start operating during work. One day,when she placed an operation, she gotthe operation value wrong and instead ofwriting 10 euros, she wrote 1000 euros.In other words, she put in a 1-minuteoperation, more than half of her account!Unfortunately, she lost that operation.Then, already frustrated and angry withher mistake, she tried to recover quickly,putting bets of 100 euros, when she wasused to bet 10 euros.Of course, being already emotionallyunstable, she ended up losing more andonly stopped when she reached the 300Euros, she had started initialy.This mistake not only cost her 1670 eurosin a few minutes, but destroyed herconfidence.This example proves once again thatsometimes rules that don't seemimportant to us, can have terrible results,not only at that moment, but in the futureof our trading.This content is proprietary of thebinaryoptionsblog.com 14

Rules, Discipline and Emotional ControlRule Nr.4TirednessTrading activity is very tiring. Not inphysical terms, but in emotional andmental terms.Besides requiring great level ofconcentration, analysis and quickthinking, trading involves all the emotionsof those who deals with money.Either because of the gamblingcomponent (of losing and winning), orbecause we deal with the loss and gainof money, the trading activity becomesvery burdened from an emotional pointof view, and that is not always easy to dealwith.And besides, while operations are open,our adrenaline is at its peak.All this, all together, causes a wear andtear that if not managed correctly, wecan reach a level where we don't have thecapacity and the discernment to makethe right decisions in our daily tradingsessions.That's why we should operate only 2 hoursat most, per day.Exceptionally, we can trade more than 2hours on certain days, that is, whether it'sa holiday, or a day off from work, etc.But even on these days - which are theexceptions - we should always operate amaximum of 2 hours in a row and thentake a 1-hour break. In this interval weshould leave the computer, if possible, getsome fresh air and before returning to theactivity we should eat something.Do not forget: a maximum of two hoursa day, to avoid too much fatigue whichthen ends up preventing good results andtranquility in the long run.This content is proprietary of thebinaryoptionsblog.com 15

Rules, Discipline and Emotional ControlRule Nr.5Trader’s ProfileOur personality, characteristics, tastes andambitions influence our choices and ourresults.In the binary options there are differentstrategies, indicators, types of operations,expirations, etc.Since we are not robots or machines, ourprofile ends up influencing the choicesof strategies, types of actions or differentexpirations and it is important to make thechoices that best suit our profile.There is no automatic way to find outwhat our profile is. No online test to knowwhat is our profile.To understand what our profile is, we haveto test various strategies, types of optionsand expirations.When you find what you believe that isthe best road for you, you go ahead andtry to specialize.Many people want to follow a strategybecause their friend uses that samestrategy and makes money. Butsometimes it adapts to the friend's profile,and so he gets results, but it doesn't adaptto our profile and so we can't get results.A person in that situation may begin todoubt their capabilities, but in reality, itmay be the strategy that doesn't fit them,although it fits the friend.So, I'll use a soccer player to show theimportance of the trader’s profile.Imagine Neymar Jr. He's one of the bestForward players in the world.Now let's imagine that I am now his coachand tell him to play as a defender.Do you think he'd still be one of the best inthe world?Certainly not, because his profile is to playin the position where he plays, althoughhe trains with the defenders and knowsthe rules to defend, he has the profile andthe characteristics to play as Forward.Then it's all a matter of training andimproving, and in his case this trainingand improving as a Forward has made himone of the best in the world.But it all started with placing him in theposition that was most suitable for him,according to his profile.This content is proprietary of thebinaryoptionsblog.com 16

Rules, Discipline and Emotional ControlRule Nr.6Respect The StrategyThe first situation that needs to bementioned with regard to strategies isthat there are no foolproof strategies.Videos and websites that talk aboutstrategies that have a 100%, 95% or even90% hit rate are lying. There is simply nosuch thing!And I will explain why.Any strategy can do 100% in a day, but notin the long run.In the long run a good strategy makes70% or 75%, the best ones will eventuallymake 80%.Of course, whoever publishes the videowith the strategies, shoots several daysand only publishes the days where theydid 100% or close to it, claiming that it isan infallible strategy.The second situation is that, since thereare thousands of different strategies youhave to test them to understand the onesyou like best, the ones that fit your profilebest.“And then you have to take twoprecautions:1. Where did you get the strategy?This is the first attention. It's importantto get a strategy from those who know itwell, ideally from those who developed it.If I don't receive the strategy correctly, Iwon't be able to use it well and of course itwon't work.It's critical that you try to find the personwho developed that strategy so that youwill be able to apply it correctly.1.Second precaution: Respect thestrategy, all day, every day.That's the only way it works and how youget results. I have to apply the strategythe way I learned, respecting all the rulesand all the details of this strategy in orderfor it to work well, so that I can get all thepotential out of it and the right results thatit might offer me.Otherwise, you won't be able to havepositive results with the strategy.Strategies that claim 100 or 90%success rate do not exist, that is a lie!This content is proprietary of thebinaryoptionsblog.com 17

Rules, Discipline and Emotional ControlRule Nr.7Evolve as a TraderThis rule talks about the importance ofcontinuing to study, learning and evolvingin order to become a better trader and getbetter and better results.Many times, people take a course or havea good strategy and think it will workforever.They think they don't need to continuelearning, to evolve.Nothing could be more wrong!The market is always evolving, every year itbehaves differently.A good strategy today, in 6 months or ayear, may not work anymore.That's why it's important that we evolvein the same way that the market has andcontinue to learn to be better and better.Ability to adapt is also necessary for thisconstant evolution.Improving and perfecting your knowledgeis fundamental to have the ability to,throughout time, keep achieving betterand better results.Always try not lose your "evolution train",such as the very evolution that the marketshows.This content is proprietary of thebinaryoptionsblog.com 18

Rules, Discipline and Emotional ControlRule Nr. 8Analyzing the OperationsWhen we're starting, it's normal to makemistakes. There is no learning processwithout mistakes.That's why it's crucial that we analyze ouroperations, especially those we've lost.We must go back and review our entry,review everything we did while placingthat lost operation.This is because we may have lost onlybecause the market was against our entryand the strategy did not work, but wemay have lost because we did somethingwrong.And then it's necessary to check,to identify and correct our mistakeimmediately.If we don't do two things quickly, twothings will happen:“1.The next operation you will probablymake the same mistake again, andof course you will lose. And you willcontinue to lose money until youcorrect that mistake.2. Then, because if you keep doingsomething over and over again, youtend to mechanize a process. Andthis mechanization, since it's a wrongprocess, means you're learning to dosomething wrong.After you mechanize something, it's harderto change, harder to correct.It's like when you learn to drive a car.If you do it all the time speeding andbreaking the rules, then later you'll alwaysbe speeding and breaking the rules,because that's how you’ve learn, becausethat's how you’ve got used to doing it.Analyzing the lost operations isto avoid mechanizing wrong process.This content is proprietary of thebinaryoptionsblog.com 19

Rules, Discipline and Emotional ControlRule Nr.9Risk ManagementThis is one of the most important rules.Risk management is key to managing lossaccounts.Many people calculate their operationsfrom a gain based point of view.In fact, risk management must becalculated and thought of from the pointof view of losses, simply because the valueof a loss is greater than the value of a gain.For example: If we bet 10 we can winaround 7, but we can lose the 10. Sincethe loss is greater than the gain, that'swhere risk management should befocused.For proper risk management, youroperations should use between 1% and 2%of the account balance.Once you have a good experience andconsistent results then you can increasethat percentage a little more to, forexample, 3%.“However, values far above this 3% arealready a high risk.I will give you two examples to explainRisk Management, where I will use a 250account, using a strategy with Martingaleand getting 3 consecutive losses at most.We will trade with an initial transactionthat corresponds to 2% of the account.And that will give you a first trade of 5,another trade of 10 and another trade of20, all lost operations. This total loss of 35corresponds to 14% of our balance.If on the next day we have the same lossesagain, i.e. another 35 we would lose atotal of 70, which subtracting from ourinitial 250 we would have on our third daya total of 180 to trade.This means that on that third day wewould still have a good margin, in ouraccount that would allow us to continueto operate in a calm way and obviouslyrecover from those losses.Risk Management should be thoughtfrom a loss based point of view,not based in the gains.This content is proprietary of thebinaryoptionsblog.com 20

Rules, Discipline and Emotional ControlLet's now look at the second example,where instead of the 2%, we wouldoperate with an initial percentage of4%. And in this sense, we were going tohave an operation starting with 10, then20 and then 50, again all lost operations.The total of this loss would be 80. Andwe're already talking about a loss on ouraccount of 32%.Let's imagine, as in the previous example,that the next day we would have

And there are also only two options of the outcome that is: right or wrong. Hence, Binary Options are also known as Binary Bets or Binary Transactions. This simplicity, the simple two-way choice, is one of the main reasons why Binary Options have been so successful since their beginning. Binary Options exist since 2008 and in 2012 it became .