As you get into binary options trading and start building up a strong set of skills and techniques, you are actually opening a number of doors to possible career pathways. You can trade for yourself (the default option), but that is not the only option you have. Another alternative is to consider trading for a firm. This is known as proprietary trading, or “prop” trading for short. A lot of people talk about proprietary trading, but not a lot of people know much about it.
Should You Abandon Your Broken System or Try to Fix It?
One of the toughest situations you can face as a binary options trader is one where your trading system or method is not working properly. Maybe you have been using the method successfully for some time now, and only recently it has started to malfunction. It no longer delivers the excellent results you have come to expect. Or perhaps you have no working method, and are simply working very hard to try and generate great results during testing so that you can go live. But no matter what you do, the method simply will not perform as you need it to. In either situation, the prime question is this: Do you keep working on the system, or do you abandon it and move on?