RE: Mindset #3 - Why Can't you Flip a Trade into an Investment?

Hey Paul,

Thanks for your comment. As a fellow trader, I've given you a follow.

What do you think about binary options trading?

I think that anyone that calls themself a real trader, needs to avoid binary options like the plague. They are a synthetic market (meaning the broker wins only when you lose), with odds worse than some casino games, built for affiliates to market to people too lazy to learn how to properly trade.

You can do some research now on ECN v market maker v binary options. Find out how each model makes money and it will be very clear which one you want to be trading with.

There is some trustfull softwares to buy or partners to trust where peoples can trade ?

No. You might make money short term, but the odds mean it is impossible long term. And if you do happen to rape the broker early, they will ask you to leave just like any sports/racing bookmaker does to profitable punters as you're simply betting against them.

Stick to real forex trading through an ECN broker. This can also be automated and is also worth researching if this is the path you want to take over discretionary.