I have been trading Binary Options for the past four months and have come to the realization that I need to try something else. The problem I have with Binary Options is that it is very difficult to get the right entries, especially when you only trading for a few minutes. Also there is no stop loss available or any way to get out of a bad trade until the expiration.
So I need some advice from you FX or regular stock day traders. Since all my training has been in Binary Options I feel like I am starting out into territory that is completely unknown to me by wanting to go into day trading. I am sure that much of what I learned in Binary Options can be useful in day trading though. Where should I start? Where should I go to get good training? Hopefully someone can lead me in the right direction.
You can start by reading through the whole School of Pipsology and opening a demo account. Just post your questions here if you have any and we’ll try our best to help you out.
I recommend Gwazy! I am a beginner also that traded Binary options and I believe that Gwazy trading is the best mix of both forex and binary. It gives predetermined outcomes and high returns like that of Binary with the added edge on forex of no leverage, spreads or margins. So far only one broker that i found offerring it but i am sure all will follow suit.
Free demo version here: gwazy(dot)windsorbrokers(dot)com