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Information site about the best binary options brokers › Forums › Getting started in binary options trading › Beginner mistakes
Tagged: beginner mistakes
What are the most common mistakes beginners make when trading binary options? What should you pay special attention to in the beginning to avoid blowing up your account in just a few trades? Are there any basic rules or risk management techniques that are worth applying right from the start? Share your experiences — what mistakes did you make early on, and what did you learn from them?
Beginners often blow their accounts because they rush in without understanding risk management. Common mistakes include not having a plan, going all-in, or trying to “win back” losses. To avoid going broke, set a limit from the start: no more than 1-2% of your account per trade. And overall, don’t jump into the market blindly—take time to understand what’s what. Basically, don’t rush and don’t bet everything at once, or you’ll end up in the red fast.
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I really like the advanced modern BO broker Quotex. On the platform you can view the trading history and analyze your actions. Everything is created for convenience and successful trading. I am very glad that a trader I know introduced me to Quotex. There is a huge number of tools here, and withdrawal of funds is almost instantaneous. On the downside, there is a long verification process. I recommend this broker to traders interested in binary options.
My cooperation with Quotex broker has been going on for more than two years. The company was super, and has remained so both in terms of service and withdrawal of money. Managers have never interfered with trading, if there are any updates, they inform you in advance. Withdrawal of money is fast. I recommend Quotex.
