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Binomo is an innovative trading platform that permits people to earn money online. Anyone conversant in trading knows the ever-so-common situation when trades just stop going right. it's nothing to stress about. the foremost important thing is that you simply handle together with your emotions properly and take hold of things . we've prepared this text specifically to assist you be ready to trade long-term and protect your account from uncontrolled losses. Start trading on Binomo following our recommendations and always get on the plus side!


Skilful use of trading strategies is sweet , but proper management of your money is better!

There are not any traders who haven't faced losses, but there are those that are forever disappointed in trading after losing all their money. If you do not want to be one among them, we propose you follow our simple tips.



You must agree that a singular success or loss won't make a difference within the end of the day . the foremost important thing is that you simply gain experience! do not forget that trading isn't a lottery, it's work.


Binomo


We offer you this short guide to assist you stay within the black:


1. System

Your trading on the platform should be systematic. This refers to both the trading strategy that you're using, and therefore the total time allotted for performing on the platform.


Creating your system is that the right thanks to success!



2. Account balance

The higher it's , the better it'll be for you within the future. If your balance is $50 and a failed trade costs you $10, your loss are going to be 20%. That's pretty significant, don't you think? you'd then only have 4 attempts to urge back to the first amount, which might require you to be even more careful and focused.


But what if it had been $500? An unsuccessful trade of $10 wouldn't cause any major damage, because that's only 2% of the entire balance.


So, tons depends on the initial account balance. We recommend that you simply carefully choose the quantity of your trades, especially for beginners!


3. Capital management

Just like within the last point, we'll offer you specific numbers. If you continue to do not have tons of experience, the safest option for you'd be trades that do not exceed 2% of the entire balance. Moreover, we recommend keeping the entire amount of all open trades to no quite 15% of the balance.



If you have already got a touch of trading experience, you'll calculate a secure percentage for yourself supported your preferences and goals.


4. Limiting losses

Introduce a daily limit on the amount of failed trades, for instance , 10. Or, on the share for the entire balance, 15%.

Never exceed that limit, albeit you are feeling like you're close to hit the jackpot!


5. Training

Trading may be a dynamic thanks to earn money. it's constantly evolving, new trading strategies begin , and new assets are introduced.


To avoid losing your money and stay top for as long as possible, spend longer studying!



6. Controlling your emotions

Pay attention to your behaviour during the trading day. Your spirit , whether it's positive or negative, shouldn't prevent you from following your trading strategies!

It’s vital to stay calm and be guided by experience, not by impulse!


7. marketing research 

You must analyse the market to form the proper decisions within the future using your experience of creating successful trades. And, to avoid repeating an equivalent mistakes which previously led to losses.



Remember these 7 points and check out to follow them for a minimum of a month. you'll see trading becoming easier and therefore the number of successful trades you create will increase!


We wish you profitable trading and increases in your capital! Start trading on Binomo right now!


Disclaimer: this is often a promotional story by Binomo and therefore the liability for an equivalent solely rests with them.

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