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Profiting From Binary Options Trading - The Sixth Sense

Anyone wanting to profit quickly from any money-making venture, must develop a kind of sixth sense. Particularly when engaging in high risk financial betting such as binary options, you need to have a very good idea of what you are doing and what pitfalls to stay away from.

The first and most crucial rule of thumb is never risk more than you can afford to lose. This is true in anything you do in life, because when you get knocked down you need to be able to get back up and start trading again.

The second rule of thumb is how to find the binary options broker that is right for you, and how to stay away from the scam broker sites. Your sixth sense should be working overtime when it comes to this, and if you have some doubts, let me know I have been through it all and seen things you would not believe.

The third rule is to trade the news, and here again your senses need to kick in and tell you what kind of influence a news article will have on a certain stock (if at all).

As always, the final and most obvious rule is to do the research! Get all your charting and simulation tools together and start taking risks. Don't over-research, other wise you will end up an egg-head with no money.

Other than that, always ask if you are not sure. Be inquisitive and critical and don't be hesitant to ask for more bonuses when depositing and executing trades.