Bayes is right on this: Binary Options is gambling in terms of trading. And i wouldn't give forex attention also.
First of all you have to think about how you stand at the stockmarket. What do you want to achieve? for example gaining a little extra savings. how much are you willing to invest. what would be your riskprofile. What is your final target you are aiming at?
these questions are more important then you think. because stock market has different posibilties. and soms are better suited than others, depending on what you are willing to achieve. theres so many to trade from , if you are new to this, you simply dont know what could be best for you. so start off with answering these questions for yourself.
This will guide you through the market and you'll end up finding the branch that feels right for you to trade on.
let me be clear, there is no such thing as easy money, the stock market is no exception. It only has one big difference with roulette.
while in roulette, everyspin is completetly independend. the stock market isnt. What happens in the US will affect Asia and Europe, and the otherway around. In roulette there is no such thing, past spins could indicate something , but there have little to none effect on the outcome of future spins. In the economic world its much easier to forcast what will happen.
So while roulette is much more depending on luck. the financial market depends more on the knowledge you have build up and the skills you have under your belt. the more expierenced you get, to more you'll be able to 'read' the market. It all starts with doing your homework which is time consuming. but if you do it right, the reward will come in the end.
in casino it doesn't matter how devoted you are, it comes down to variance/ luck. the only difference with being a rookie or an expierenced player in casino , is that you will last longer. If you are an expierenced trader, you will come out ahead.
Oh and juice, you are entitled to have your opinion. And if you are just talking about options , i have to agree we are better of doing some roulette. But the stock market has many other things to offer than just options. And in the end if you know what you are doing, the stock market will provide you an income, which roulette wont.
15 min Everyday practive, reading learning, will take you to much time to get there, it simple is very much to digest.
In my opinion and that's only referering to myself. If you really work extensively (about 10-20 hours minimum a week) you'll be a good trader in a bout 2 years time.
But that doesn't promise you a goldmine yet. A lot depends on your charactar. how you cope with losing trades. and even so this seems simple to do: the ability to stick to your plan. this seems so logical, but most traders deviate from an original plan from the moment things aren't supposed to turn out the way they should. Its the ability to handle these situations that will determine if you''ll become succesfull or not
