Over the last few years I had constantly being hearing about Binary
Option Trading and the "claims" about making money by trading.
After a week of looking into the matter, the do's and don'ts, and
selecting a brokers site I finally decided to dip my toe in the water
and actually use some real money to trade.
Got off to a good start earlier in the day for a deposit into the
account of £10 and making £1 trades I actually managed to increase my
account to £35, but then as many of the "experts " warned , I lost the
plot and ignored all the advice and rules I had read about........and my
account balance was down to £4.53 in very short time ( I am making 30
second trades). At that point I decided to take a break and started to
potter about the house .
In the afternoon , and several cups of coffee later I returned to the
laptop and started to trade again . I stuck rigidly to what I thought I
had learned from all the articles and you tube videos.
Making trades of £1 , £2, and ocassionally £5 and concentrating madly on
the market information I traded for 45 minutes , took a coffee break
and then continued for another 45 minutes.
The total funds in my account after the trading period was just over
£200 ....at which point I rather stupidly ignored what I had learned and
made a couple of silly trades on a whim which took me down to £147.96
But all in all not a bad day sat at home making the best of my £10.
I am not trading at the weekend as it becomes a "virtual" market while
the actual currency markets and stock markets are closed. Any trading
done is against other "traders and the market is an algorhythm on the
software.
I do intend to trade regularly over the next weeks and see what happens. Watch this space.
The total funds in my account after the trading period was just over
£200 ....at which point I rather stupidly ignored what I had learned and
made a couple of silly trades on a whim which took me down to £147.96
