3 Types Of People who Trade Binary Options

3 Types Of People who Trade Binary Options! The folks who trade binary options to make money fall into 3 broad categories. Try to identify the category that best describes you.

The first is The Gambler. This individual approaches binary options trading in the same way he approaches a roulette wheel. To him, whether he profits or not is based entirely on chance (e.g. red versus black). Hence, he doesn’t look at candlestick charts, pays no attention to pivot points, and couldn’t care less about Fibonacci retracements.

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In the second category we find The Investor. This individual looks at trading binaries as a method to “juice up” the return on his investment portfolio. If someone were to ask him about the things he invests in, he might respond, “IBM, Google, muni bonds, and some binary options trading.” Investors often fail to realize the high degree of risk they assume as they chase the high returns advertised by binary options brokers.

The third category is made up of traders who are realistic. These folks typically have experience, and are well aware of the risks associated with trading binaries. They also know that having a keen grasp of the assets that underlie the options, and a familiarity with certain aspects of technical analysis, gives them an edge. And with that edge, they know they can consistently make money trading binary options. This is the group with which you want to identify yourself.

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3 Types Of People who Trade Binary Options