What you need to know before you start trading
Binary Options are all about making the right choice. That includes predicting correctly in which direction the market will move. There is a number of strategies for Binary Options trading which can significantly increase your profit. A strategy you choose depends on your experience and knowledge, but let's look at some basics that every trader should know:
Money Management Strategy
This is not the strategy which will help you predict assets' movements, yet it is the most important strategy you should follow when trading Binary Options. AYREX cares about your financial well being and although we are here to help you profit and make your life better, we acknowledge, that any trading carries financial risks. We recommend you develop your financial strategy and follow it at all times when trading. Do not put all the money your have at stake - trading is an emotionless procedure and your every choice should be well thought out. Remember that you are here to do business and make money.
Financial news is a great aid to use when building your trading strategy. If you follow and analyze news on the assets you trade, you are more likely to make consistent profits. Markets are very sensitive to any global event and you don't have to major in economics to notice the connection.