Tag Archives: Financial

What defines a great trader?

For many people, success comes and goes in Forex trading. They have a good period for a time, followed by a dip where things aren’t going as well. But for a minority of trader, bad luck just doesn’t seem to exist. Their capital keeps growing steadily without ever dipping down. But what is it that makes these traders so successful, and what is it that differ them from the average trader? Surprisingly, the answer lies not just in their knowledge and skill, but also in their psychology and personality.

In many cases, people who become greatly successful in certain areas are also successful in life in general. This is because they have a certain set of personality traits that set them on the right path in everything they participate in. It’s easy to see what defines a “winner” if we look a bit closer. First of all, they tend to be positive about things. Instead of seeing mistakes, they see a lesson learned. Instead of seeing flaws in themselves, they see areas to improve.

Secondly, you will find that successful people tend to be empathic and show a willingness to listen. There is a reason we have two ears and only one mouth, and they should be used in proportion. Good listeners are usually fast learners, while people who talk to much tend to think that they are always right, and thus unwilling to learn new things.

Successful people always have faith in their own abilities, and if things go wrong, they assume that it wasn’t in their control to change what happen. They are also prepared to work for their success, and not just assuming it’s going to come by itself.

So why do these personality traits help a Forex trader. Well, it’s obvious isn’t it? Succesful people are determined to make it in the Forex trading market, and therefore they are prepared to put in all the effort necessary in order to reach their goals. Other people, who aren’t “winners” might just create an account, red a strategy guide or to, and then just expect success to come to them automatically, without actually having to work for it.

We can’t all just naturally possess all these personality traits, but at least we can work towards getting them. So when you get in to forex trading, make sure to set up a list of the goals you want to acheive in your career and make sure to work as hard as you can to reach them. You can read some good guides on this at a spanish forex hub called Mercado de Divisas!

Why binary options?

Since I got in to trading binary options a while back, a lot of my friends have asked how I can find it so interesting. As an avid gambler I have always played a lot of casino games, and so have my friends. The ones that aren’t into financial betting at all seem to have a hard time understanding how it could be more entertaining than playing at an online casino. So what are some of the reasons to get into binary options?

Personally, I have always seen online gambling as a way to entertain myself when I’m online. I never got in to it expecting to become very rich or to hit a massive jackpot and live happily ever after. To me it’s obvious that most people who play online casino games actually end up losing money. After all that’s the whole business plan behind gambling. Companies design games where you bet money to have a chance to win money, but the thing is that they’re always programmed so that the chances of you losing money is always a bit bigger than the chances of you winning money. With binary options it’s different. Seeing that you bet on a market that keeps changing, and changing pretty rapidly, we actually have a way of predicting the future changes on it. We’re not putting our money on something that is completely dependent on chance as you would in an online casino. If you spend some time studying the market and the fundamental principles behind it, you will find that there s actually quite a few clues that can guide us in the right direction when we invest. This way, we have a fairly high percentage chance to be right in our prediction, thus making it more likely for us to gain profit when trading binary options compared to gambling. Read more strategy guides at trading portals like binary options.pm, and also at a spanish website called opcionesbinarias.pm, which has a ton of useful information both on strategies and where to open a opciones binarias cuenta demo!

So in short, I would say that the main reason I’ve gotten in to binary options is the fact that I can actually start making some money off my hobbies, which is always very nice. On the other hand, it’s still not that different from playing roulette. Say you bet on red or black on roulette and then spin the wheel. You will either win, and double your money, or you will lose your bet. It’s the same thing with binary options. You invest on an asset to go up in price or down in price. If your prediction is correct, you get up to 80% of your total investment back, but if you’re wrong you will lose your full investment. This way, you still get that excitement that you get from some online casino games when you trade options.