Working for tips. Binary Options Trader tips from experience

Must be well balanced binary options trader, Danialsaan

Many tips out there that you will find revolving around the concept of a better trading platform, use their binary options system, and other technical details that are obvious ploys to lure you to their website. My tip is rather not on how to play, but on the state of mind that you need to cultivate in order to succeed when you trade binary options. Amongst the most successful of the traders are those that really have valuable insight. I have spoken in person with some of these binary options traders and what they shared with me will not only allow you to better trade binary options at an effective rate that yield consistent returns, but it will also train you on how to maintain an emotional state that encourages a healthy mindset which is key for repeated gains and profit growth.  The pseudo sciences of the nineties have either disappeared into the great abyss of history or remain with a dedicated following by those that swear by it's abilities and power. I have chosen to explore these surviving pseudo-sciences in an effort to see what application they can be utilized within for the purpose a better way to trade binary options.

Binary options trading is about pattern recognition and being able to anticipate the future based on past-data. Once your state of mind is in the place it needs to be, these patterns will appear much more clear and solidified in a way that you will confidently and accurately predict market movements, and hence the choice needed to be made on each binary option.  Of course no system is perfect and you will still make losses because of outliers in the data matrix, but overall the goal is to be correct more often than wrong and yield a profit over time, not just in one trade.

Trade today, free tomorrow.

Maze of not so parallel lines - Binary Trading Art

One of the main reasons that folks endeavor to trade in binary options is for the simple fact that it perhaps offers them a glimpse of fortunes or early retirement. The danger with this form of thinking is that the type of skills needed to make a strong return on binary options trading is not learned overnight and alot of folks invest heavily in the early stages of the process when they should be focused on learning how to best trade binary option, rather than going directly into the money making scheme.

So for all those out there looking to get out of their daily rut, try trading in binary options with small amount until you get the hang of it and are able to comfortably trade with larger and larger amounts. Good luck!

I, Web-Artist - Art created digitally while trading binary options | Summer 2011

Drawings made while trading binary options:

Part of trading binary options is having the patience to let the closing time expire without freaking out and selling it at a loss because you are running on fuzzy and emotional math rather than logic. By distracting and drawing something in those few minutes, you can calm your nerves and maybe skim a bit more profit from your overall time. And having artwork is minor perk of the entire approach.

Egg Credible Optical Illusion

 I call this one "Eggredible" as it is a psychedelic simple color drawing with the impression of an egg in the middle. And you guessed it, I made this while trading binary options, specifically forex indices.

Let It Rain!

 This web-art I call "let it rain" as it has the ripples through a puddle that reminds me of how the ground is as it starts to rain. Created while trading binary options of gold and oil. The oil part I get, as this web-art mimics liquid, but what is up with the gold?

Take Us To Your LEADER

I had no idea how this web art would come out as I was drawing this and trading FTSE and GOOGLE stock as a binary option. I call this one "Take me to your leader" as it looks like 3 beings of super-natural origin presenting them selves to the viewer in an alien looking way. Either that or it looks like Alien eggs ready to spawn the new race of floating circles.

Almost Not Touching

 This is a piece of web-art I call "Almost Not Touch" as I was trading binary options of the touch/not-touch kind and had the concept in my mind as I made circles and then defined them as an area to apply the gradient and then chose the opposite of that area for a gradient with the opposite direction

When Clouds Collide

I wish I had a good story or example to give you about how I made this one, but I actually made this after quitting my binary options trading for the day and was just taking a breather and closing up for the day.

Binary Options Trading Tip #616: Stop, Drop, and Don't Roll

As a seasoned binary options trader, I often get asked by amateurs what they should do to make more money with their trading, which investments to go for, etc etc.  The truth is that the average person has the ability to read graphs with enough accuracy to be able to make smart enough trades to gain a profit, even in a short period of time. The problem is that those without the experience and skills will continue to trade even if they keep loosing.  Stopping when you are loosing is far more important than making money, as whatever you make can be lost in an hour or two of bad decisions.

The market is not something that can be controlled or willed to doing what you want or performing to your hearts content. The market will stagger and stumble in whatever direction real-world demand dictates and the binary options trader is stuck guess where it will go next.  Rather than trying to decipher a complex situation, stop your trading, log out, and don't trade anymore till tomorrow. Rather than trying to re-coupe your losses, you need to cut-loose and mitigate your losses as much as possible.


You can study up and learn the Black-Scholes valuation formula, or you can trade binary options till you can't no more, but if you see that you are loosing money the STOP, keep that cash at least till tomorrow.

Binary Options Trading - 'Tis all about the Benjamins

Benjamin Franklin Caricature

Binary options trading is a unique form of investment that lets you utilize various aspects of the market to make a profit in areas that where solely for loss purposes in the past. Typically, you would only be able to make money if the market made money, then short-sales were invented and you could make money when the market went down and you accurately predicted that. Nowadays, with the advent of binary options trading, you are able to make money in an easy fashion whether it goes up, down, or remains the same. The purpose is to put the financial instruments in binary, options, trading, binary options trading, black-scholes, finance, financial modelpeople who can predict the market, and then allow them to use that information and knowledge to convert it to profit. This way, even a stagnant, volatile, bear or bull market can make a trader an income, as long as s/he correctly predicts that market.

Aside from this, there is also the aspect that traders have less influence on the market, an aspect the hedge-funds and other market leaders have relied on in the past to manipulate the prices in the market. Now with the latest binary options trading platforms, there is very little concern that the market will react to false demand.

1970's style binary options trader - cool graphic

 I found this awesome cartoon drawing of a binary options trader going about it very old school with a walkie talkie on an article on binary options trading technology

Not sure how accurate the writer is but he does make some good points

Binary Trading is WAY easier now than it might have been in the 1970's

You can download this cartoon of a 1970's style binary options trader at the following links:

• 1970's style binary options trader on Flickr
• Binary Options Trader with full 70's style hair and mustache on Panoramio
• Binary trader with old-school walkie talkie on Red Bubble
• Guy trading binary options on 70's size walkie talkie on Twitpic
• Photobucket hosted pic of 70's style binary options trader

Binary Options Trading - Super Tips

Get you paws on as much as you can

Top Ten Super-Tips for using the Black-Scholes Valuation formula to gain large profits with online binary options trading:

These tips are called "super-tips" as the regular tips we give are designed for novice traders. These tips are designed for more advanced users who are willing to forego some excitement and risk in exchange for dull, boring, and more consistent profits.

1. Trade only in small amounts till you have a much stronger grasp on that specific commodity, stock or indice.
2. Utilize "closable" options to hedge the rise so that you can make very quick 20% to 40% gains rather than drawn out 85% gains that carry a risk of 100% loss.
3. Be technical analytical and review the graphs for patterns and predictability. Only trade in graphs of options you feel comoftable predicting. 
4. Better to not trade for a half hour than loose durring that half hour.
5. Don't hedge your risk by trading in opposing option. The profit of 85% comes at a risk of 100%, so hedging like that will result in an across-the-board 15% loss.
6. Remember: Its important to avoid losses as much as it is to achieve gains.
7. Don't let losses or gains effect you overall strategy. Emotion are your enemy in this game. 
8. With currency related binary trade, compare different currencies to narrow down which ones are actually falling and which ones are only relativity falling
9. Avoid trading binary options at the beginning of market open unless specific events in the news provide a window of predictability.
10. Learn from your mistakes. Binary Options Trading is an aquired skill. Don't be afraid to make mistakes, but do avoid repeating them.

 We hope you've enjoyed these tips. Please feel free to leave comments or questions. These tips are based on Trading Binary Options on OptionsClick.com - not sure about any other sites.