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Forum Newbies Ask Questions Right Here [Q&A] Thread Reply To: Newbies Ask Questions Right Here [Q&A] Thread

Alex

LEVEL 10 : SENIOR

REVIEWS 9 | REPLIES 84

#1923

Alex

September 3, 2015 at 10:36 am

Hey, Efrain good to have you here.

The first thing you should do is to learn all the basic trading terms. Take a look at our Binary Options Glossary Of Terms.

Then you need to download Metatrader 4 in order to get charts to look at. Play around with it for a while so that you get the hang of it.

When you have done this find yourself a strategy that you like. Open a Demo account with a broker or use our Trading Simulator to practice with. After being consistently profitable for a few months with paper money, you can move over to real live trading.

It is important to read up on proper money management and psychology as it plays a big part in any trader’s success. Do not rush things. I am sure you will succeed if you put all the required time and effort in. If you feel lost along the way, don’t be afraid to ask any further questions.

Happy learning,
Alex