CHAOS THEORY — Online Casino Roulette Strategy

Why Binary Options Traders Fail

Ever wondered why your binary options success is not as great as you would want it? Or why your success lacks completely? Well, there could be many reasons for that, but next I am going to highlight the ones I consider the most common. Knowing them will make it easier for you to avoid so take 10 minutes and read the about the next 6 key success breakers, in no particular order.

Treating Binary Options as Gambling

Ha! Trading is not gambling but I’ve heard so many times that binary options are gambling that I can’t even keep track of it. The thing is that no matter how many arguments you make for binary options, saying they are not gambling, some people will still say they are. And if they believe trading equals gambling, they treat it as such. Let’s take a look at the following scenario: price is in a strong uptrend and two guys, a Trader and a Gambler want to make money out of it. The Trader uses his price action skills, recognizes the uptrend and starts placing Calls. The Gambler is placing a Put because why not… he doesn’t know anything about price action or technical analysis. The Trader wins and wins and wins while the Gambler continues to accumulate losses because he thinks: “Hey if I flip a coin, after 10 Tails I will get 1 or 2 Heads so after so many losing trades, I will get a winner”. Well, LOL, Mr. Gambler, you will not get a winner until the trend stops. Then maybe, just maybe you will get a win on a Put. But on the other hand, maybe you will start placing Calls thinking “I have to change my luck. Puts don’t work, let’s try Calls”. But surprise: that doesn’t work either because now the trend has reversed. Guess what: the rules that apply to gambling don’t apply to binary options trading.

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