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Is Loss Aversion Affecting How You Trade?

There is a fascinating phenomenon in the field of human psychology known as “loss aversion.” Loss aversion is in part exactly what it sounds like. It is the tendency which we all have to avoid loss—but it is a little

Posted in Betting Blog, Tips

What can happen when you overrate your trading abilities?

How the Dunning-Kruger Effect Can Disrupt Your Trading Recently I wrote an article discussing cognitive biases. These are shortcuts we take in our thinking, usually on an unconscious level. Because cognitive biases ignore or distort the basic rules of logic,

Posted in Tips

Confidence vs Competence

How do you feel when you press “High” or “Low” on your trading platform? Do you feel secure in your assessment of what the market is doing? Or do your hands shake, uncertainty stalling you every step of the way?

Posted in Tips

6 Ideas To Clear your Mind Before Trading

We talk a lot about getting into the right mindset for trading and making sure you are in a balanced emotional state where you will not go on tilt and make poor decisions. There is no way to ever completely

Posted in Tips

Prop Trading – Trading For A Firm

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

Posted in Betting Blog, Tips

Should You Abandon Your Broken System or Try to Fix 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

Posted in Tips

8 Things Successful Traders Do Differently

Are you struggling to overcome the next hurdle in your trading journey? In binary options trading, at least for traders who are seriously aiming for long-term profitability, there always seems to be another roadblock in the way. Binary options trading

Posted in Tips

5 Ways Traders Hold Themselves Back from Success

5 Ways Traders Hold Themselves Back from Success Been trading binary options for a while without achieving the results you were hoping for? Most traders who do become successful do so after struggling for a while to get there, so

Posted in Betting Blog, Tips

Do Traders Add Value to the Economy?

Do Traders Add Value to the Economy? Whether you are a beginner or you have been trading binary options for some time, eventually, sooner or later, you are going to be accused of performing in a role which contributes no

Posted in Tips

4 Ways Binary Options Trading is Like Poker

4 Ways Binary Options Trading is Like Poker There are a lot of binary options traders who are attracted to trading because they enjoy playing at online casinos.  There is a big overlap in part because there are a lot

Posted in Binary Options, Tips