How one stock trade gave me the confidence to succeed

Hi there, my name’s Amar, and this is a quick recap of how my trading journey started. 

I’ve always been interested in trading but never had the resources or time to pursue it. That was until I stumbled upon Binomo, so I decided to give it a shot. Starting with just a hundred bucks, I hit the books and began researching different trading strategies, the basic ones like trend following and range trading. I would look at the price movement of a stock and analyze the trend over a certain period of time. If the trend was up, I would buy, and if it was down, I would sell. But it took me a while before I gained the courage to open a serious trade. 

How I learned that two market analysis tools are better than one

One day, I was monitoring Tripadvisor’s stock and noticed that the chart was primed for a breakout, and I knew I had to take the risk. I quickly purchased a call option and waited for the market to move in my favor. To my surprise, the market did just that, and I ended up earning a sweet $100 in profit.

Encouraged by my success, I continued to hone my skills in basic strategies. Then I started trading currencies and commodities along with stocks, which has really helped me manage my risk. Of course, this wasn’t the time to venture into niche markets, so I stuck with giants like EUR/USD, GBP/USD, and USD/CAD and gold, silver, crude oil, and natural gas. 

Today, I am proud to say that thanks to trading, I was able to acquire additional earnings and buy some wonderful things that I had been dreaming about for a long time. It wasn’t easy, but with persistence and discipline I was able to turn my small trades into a successful trading career. I know trading can seem intimidating and overwhelming, but I truly believe that anyone can become a successful trader with the right approach. It’s not about having a lot of money to start with, but it’s about taking the time to learn the basic strategies and doing your research.

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