Mythbuster
1 / 7
You need an economics degree to become a trader.
Lie!
You don't have to be an economist or a mathematician to become a trader. Observe what's going on around you, read blogs, financial news, study Google Finance. After a while, you can practice strategies and tools while trading on a demo account.
Lie!
You don't have to be an economist or a mathematician to become a trader. Observe what's going on around you, read blogs, financial news, study Google Finance. After a while, you can practice strategies and tools while trading on a demo account.
2 / 7
Trading is gambling.
Lie!
The probability of winning the Megamillions lottery is 1 in 250,000,000. Trading is different. Here, you control the situation and balance the risks.
Lie!
The probability of winning the Megamillions lottery is 1 in 250,000,000. Trading is different. Here, you control the situation and balance the risks.
3 / 7
You need a serious sum of money to start.
Lie!
Unfortunately, this is a common misconception. Of course, the more capital you invest, the more tangible the profit, but you can start with small amounts – even as little as $10.
Lie!
Unfortunately, this is a common misconception. Of course, the more capital you invest, the more tangible the profit, but you can start with small amounts – even as little as $10.
4 / 7
Trading is a risky business.
Lie!
Trading is risky but with good analysis, cold head and some Binomo strategies everyone can learn how to minimize these risks. For example, here are 4 tips from Binomo that help to reduce risks when trading: - choose risk-labeled tools; - choose a risk level that matches your objectives; - invest only the amount you are ready to lose; - balance risks.
Lie!
Trading is risky but with good analysis, cold head and some Binomo strategies everyone can learn how to minimize these risks. For example, here are 4 tips from Binomo that help to reduce risks when trading: - choose risk-labeled tools; - choose a risk level that matches your objectives; - invest only the amount you are ready to lose; - balance risks.
5 / 7
It's stressful.
Lie!
If you're stressed because of deep portfolio drawdowns, use more conservative strategies to differentiate your risks. Moreover, the market is more stable at night. So, at this time, you can set the direction of the market and a safe range.
Lie!
If you're stressed because of deep portfolio drawdowns, use more conservative strategies to differentiate your risks. Moreover, the market is more stable at night. So, at this time, you can set the direction of the market and a safe range.
6 / 7
There is a trick that helps you succeed.
Lie!
Unfortunately, this is not true. You only have the knowledge, control, and choice, and all these things you can set by yourself.
Lie!
Unfortunately, this is not true. You only have the knowledge, control, and choice, and all these things you can set by yourself.
7 / 7
It takes a lot of time.
Lie!
In short-term trading, a trader needs only two hours a day or even a week to analyze the news. The transaction is made in a fraction of a second. In addition, you can use the night-time trading strategy.
You busted all the myths and stereotypes. Now you are ready to open the broad spectrum of financial opportunities with Binomo.
Sign up for free Use the promo code MYTHREVEALER during registration and get a bonus from Binomo.Risk warning: Your capital might be at risk
Lie!
In short-term trading, a trader needs only two hours a day or even a week to analyze the news. The transaction is made in a fraction of a second. In addition, you can use the night-time trading strategy.
You busted all the myths and stereotypes. Now you are ready to open the broad spectrum of financial opportunities with Binomo.
Sign up for free Use the promo code MYTHREVEALER during registration and get a bonus from Binomo.Risk warning: Your capital might be at risk