TIPS for NEW TRADERS; Control your Emotions (Don’t miss updates at http://feeds.feedburner.com/BOBrokerReviews) One of the mos…

TIPS for NEW TRADERS; Control your Emotions

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One of the most common mistakes novice traders make is letting their emotions lead the way. Don’t forget that binary option trading is a job that is entirely based on analysis, complex calculations and understanding of the global markets.

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Every experienced trader knows that factors as luck, good feeling etc. do not exist. You can only rely on your skills and analysis based on the news and data provided by the technical tools you use. If you are having a bad day and you’ve lost a lot of money, it is probably a good idea to stop trading for the day, because you won’t be thinking clearly and you may make some mistakes which you’ll regret on the next day. Trust your strategy, develop your analysis skills and never rely on things such as luck, intuition or ‘having a good day’.

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