4 Ways Binary Options Trading is Like Poker

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4 Ways Binary Options Trading is Like Poker

There are a lot of binary options traders who are attracted to trading because they enjoy playing at online casinos.  There is a big overlap in part because there are a lot of commonalities between trading online and gambling online.  Both entail an element of risk, and give you a chance to either win or lose a large amount of money quickly.  There is a chance you may lose your entire bankroll, but then again, you might just win big and take the house one night.

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Tips for Saving Money for Trading

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Tips for Saving Money for Trading

How much money do you have in your trading account right now?  $100?  $200?  $500?  The majority of binary options traders are trading on a shoestring budget.  That is one of the reasons that binary options have become so popular over recent years.  The entry barriers are low, and you can get started with only a few hundred dollars.  Trading on a shoestring budget imposes a number of challenges though.  You profit very slowly, which is a struggle all in itself.  And then there is the struggle to hold onto your patience.  When you wish you were profiting more quickly, and when you really need the money, it can be difficult to restrain yourself from making bad trading decisions.

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