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 1. Know the market trends

Binary options trading is a simple process of choosing a strike based on a yes or no question: will this market be above this price at this time. If you think yes, you buy. If you think no, you sell.

                                                                         

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   That’s the easy part. However, you need to go into your trading with market knowledge and clear predictions – otherwise, how can you answer that simple question? Every trader has their own opinions and predictions, based on their perceptions of what’s already happened, what’s coming up, and what they think this means for future market movements.

                                                                               

Of course, nobody can see into the future, and even trading experts who’ve been diving into the markets for years can’t say for sure what will happen. But what you can do is make strong predictions; market forecasts and financial events are always open to interpretation. It’s up to you as a trader to put your own spin on things.

                                                         

           One of the most interesting aspects of financial markets is their relevance to the wider world. The events that affect our everyday lives – politics, current affairs, international relations, business developments, technology releases, and much more – can also affect the markets.

                                                 

To be a well-informed trader, you first need to be a well-informed individual, with a good overview of world events and what they mean for the economy.

                                                       

This means staying up-to-date with the news, following world affairs, and learning how these can affect markets. Here are some ways to get started:

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