Binary options trading, like any financial trading, involves risks. These risks are related to news, not being known in the market and not being predictable in the geo-political world and the world of finance.
The difference between a professional trader and a beginner is that professionals insure themselves not only against financial changes, using risk management, but also against everything else.
Let’s define the dangers of trading:
1. Internet – you do not always have a stable Internet, there are disconnections and restrictions. Professional traders connect themselves to 2-3 Internet providers in order to reduce the risk of losses for technical reasons.
2. Computer – You must have a spare computer for trading. It is desirable that it should be without unnecessary programs, for fast and stable operation.
3. Broker – professionals work with 2 or 3 brokers as each of them has different tools for trading, different platforms, the stability of the platforms is also different. Some professional traders duplicate trades on both brokers.
The trader must reach a level where the result of his trades is not affected by a single technical moment. Then risk management will work 100%.
Good luck.
