Binary option brokers that trading for mentor
Just be alert and try to find out whether the video is genuine or not there will always be a hint hidden somewhere you just need to pay close attention. Whenever you open an account in a scam system you will be assigned to a broker which is either fake or not worthy of any investment.
For this, I suggest you go through a brief online investigation about the broker and then proceed to the next step.
In simple words, I would suggest that you either trade with a licensed broker or just avoid. This is probably the first thing that you should find out while dealing with any kind of binary options trading system. It is sometimes found that the scammers provide a fake trading history and information about their members. You might be misinformed that the system was active for years but if you make an investigation you might find that the system has been just registered a few months ago.
To find such information you will have to make a search in who. Just make sure you check each and every detail and find out whether the information about the members is real or not.
You can try checking out on popular social networking websites like Facebook or Twitter and find out the authenticity of the members. Usually, the scammers steal pictures of people from all over the internet and post it on their websites with fake names and fake success stories.
The above-mentioned points are all to be kept in mind before you start trading with any random system online. But what makes a system genuine? Here are some indications which prove that the system you are dealing with is trustworthy. I am sure you have got a clear idea about how to identify scam systems.
There are no doubt many other minute things that might have been missed out but if you closely investigate the whole system it is not a big deal to spot a identify a scam system. In fact, scam systems have become so common these days that I can find out whether a system is real or not on the very first look. Binary Options Brokers Scams List: The trading referee is someone you designate, that you trust—it could be a friend, fellow trader, spouse or even a specific trading forum —and to which you are accountable for certain things.
Agree with the person what their role is, and how the relationship will work. Will you meet in person once a week to discuss your trading? Will you communicate via email when there is an issue? Or best of all, send an email everyday with your results explaining your trades and anything you did well and what you need to work on.
You are still making the trading decisions, but hopefully knowing that someone will be looking over what you are doing will force you to stick to your strategies and plan. Give this person some power over you. Give them access to your trading results so they can question you on anything which you have agreed is open for discussion.
Also, give them permission to freely question you. While it may be uncomfortable, having to explain your trading will force you to stay focused in real-time, and will help you become a better over time. Ideally your referee should be aware of your basic method for trading, so they can potentially spot when you have deviated from your plan without even realizing it yourself.
Having to explain your trading method is also a great exercise for making sure you thoroughly understand it yourself. While not necessary, allow your referee to impose some form of pre-agreed punishment if you continually make the same mistake. You may need to pay them a small fee, or buy them dinner if you make the same mistake a certain number of times.