Starting Out!


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I don't work for IG Index. I work for myself.

My concern was that my success might cause IG to close me down. The consensus of opinion allayed those fears.

I think binaries are a good place to start because your losses are strictly limited. Playing at £1 per point, the most you will lose is less than £100 per bet. Tight stop-losses will also limit your losses, but you'll be out of the market before you learn how it works. You could watch from the side-lines, of course, but it isn't the same as being in the action. Look upon binaries as the paddling pool, perhaps.

The most important thing, I think, before charts and technical analysis and systems, is to understand how the markets acts as it does - how interest rate fluctuations, foreign exchange rates, mergers and acquisitions, etc., affect the buyers and sellers who make the market move.

My opinion is still that binaries are a good place to start. Betonmarkets also offer binaries. Their advantage is that you can take a position over anything from a couple of days to six months.
I don't think they have any ties to IG Index.

Binaries might be very unsophisticated, but we didn't learn English by reading Dickens - we started with nursery rhymes.

Best wishes

Ron F.
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The friend bits hyperthetical! But your probably right in a way, Oaty, the only 'friend' you have is yourself!
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