Brokers are filtered based on your location Russia. For one, yes, it is mathematically possible to do this for a living if you are good at it.
In the binaryoptions. You can turn very small sums into large sums by trading lower volume, but this would entail very risky money management practices, basically where your trade size is equal to or nearly equal to the sum from your previous winning trade. This would allow you to continue trading in lower volume and only take the best set-ups.
But the main issue with this form of money management is that once you lose — which is inevitable because everybody loses trades — you would wipe out your account completely. I am a big proponent of fixed-investment money management, where a single amount of money is invested into each trade.
He has provided education to individual traders and investors for over 20 years. Article Reviewed on December 29, Gordon Scott Updated December 29, Binary options are an all-or-nothing option type where you risk a certain amount of capital, and you lose it or make a fixed return based on whether the price of the underlying asset is above or below depending on which you pick a specific price at a specific time. If you are right, you receive the prescribed payout. If you are wrong, the capital you wagered is lost.
This amount remains fixed until your profit returns and trading skill dictate that you can increase your trade size. The truth of the matter is that trading is very difficult even if you do have a lot of start-up capital to begin with. The scary thing about the trading profession is that no salary is ever guaranteed to you.
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Your profit is dictated entirely and directly by your trading results. This can be pretty unnerving when your entire financial future is contingent on getting profitable trading results. It can be a very, very precarious profession for those reasons. Here is my opinion.
Even I have become receptive to the idea of having a regular income stream after college although trading full-time is my desired path. Top Brokers.