Thread: Newbie starting out

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  1. 07-24-2016, #1
    Anthonypa
    Guest

    Default Newbie starting out

    Hi guys, yes I know "another newbie" but with all the great info on your site what do you expect lol.
    I've been demo trading part time for a couple of weeks with great success following Okane and Bryan's great tutorials and advice.
    I've signed up with Marketsworld charts on MT4 and I live in New Zealand.
    My question now is ... When I'm ready to trade live and want to trade EUR/USD, because I'm in NZ will my deposit be exchanged into Euros to trade? Obviously the exchange rate would be WOW because I think my deposit will drop to half straight away.
    If there's a thread on here please post it here.
    Keep up the good work team!
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  2. 07-25-2016, #2
    aqaqayi
    Join Date Jun 2014
    Location Ghana
    Posts 0

    Default

    In Bins when you sign up to a broker you deposit in USD, EUR or GBP. So lets say for example the minimum deposit to start a live account is 10.....you decide if you want to deposit 10 USD, EUR or GBP. But you are going to deposit your currency equivalent to the minimum. Does that make sense to you?
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  3. 07-26-2016, #3
    Arakospi
    Guest

    Default

    to further answer your question, when you trade currency with Binary you aren't actually exchanging your currency for the currency being trades. For example, if you deposit in USD $100 your balance will be $100 USD and all trades will be made in USD, when you make a trade on the eur/usd your trade amount/wager will be in the currency of your deposit... so $10 usd on a call option for eur/usd, and your winnings will also be in USD. Your trading on the direction of the trade, not the actual exchange of currency. Make sense?
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  4. 07-26-2016, #4
    arlbbcrc29
    Join Date Oct 2014
    Posts 0

    Default

    I am new to Binary Options trading and I saw this video on youtube which said that on average Binary Options trading will result in a loss. I am not very good at Math, but it does make some sense to me. Can anyone please help me take a look and see if the video is correct? I do not want to get into it if I am sure to lose money
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  5. 07-28-2016, #5
    admin
    Administrator
    Join Date Nov 2014
    Posts 990

    Default

    Hi All
    I am a newbie to trading and at the moment i have been trading Forex EuR/GBP but i would like to get into Binary options trading shares , could you recommend a good Broker please and indicator software that has realistic results
    Thanks Nick16
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