Re: Hey there.. BBB (Binary Betting Beginner)
Hey people, new user here...
* apologies in advance for the long post - I'm not too great at being concise *
It's the usual story for me: been a lurker for quite some time, decided to join in order to become more involved with everything
🙂
This site has been very, very useful to me considering I am still in the "novice" stage of financial trading/betting, but now I've started to takes things a bit more seriously and hone in on my preferred particular types of bets, I'll probably be needing a lot of answers from all the "wise ones" on this board
👍
Just a bit of general and personal info:
- --> My name is Alex. I'm almost 20, at Uni, which means that every spare minute of my time is spent either going out or (currently) online trading. It also means (unfortunately) that I don't really have big money to through about...yet 😉
- -->I ONLY trade Binary Bets. Nothing else. I like the ability to have control over risk:reward, plus certain bets kind of fit into my Uni schedule.
- --> I have read bought and read John Piper's 'Idiot-Proof Guide to Binary Betting', 'Binary Betting', 'Binary Trading: Profitable Strategies...', seen several demonstration videos, printed off and skim-read HUNDREDS of Technical Analysis tutorials, and am a member of IG Index as of a month ago, of which I have have increased my original capital (£100) by 87% using their TradeSense Program.
- -->I seem to feel very passionately about the Elliott Wave theory... I am not sure why. Perhaps it's because JP mentions it a few times, or maybe it was the first piece of TA/chart pattern I heard of, but I am 100% set on it. Obviously I'm learning my basics (Support & Resistance, Moving Avg., Volume, MACD etc..) but for some reason I feel like if I really focus and put enough time and detailed effort into learning and practicing the Elliott Wave theory (and sub-theories around it) that it will become the fundamental basis for my Binary Betting.
So naturally my followup question is: who here uses the Elliott Wave theory (or parts of it) to predict changes in market trends etc..? And if so, more specifically, how do you use it effectively when it comes to Binary Betting...?
(I know I should be asking these questions in various other parts of the forum - and I definitely will. But for now just take this as a very detailed introduction 😛)
The reason I've moved from status of "lurker" to "member" is pretty straightforward. My IG Index TradeSense program has now expired, so my absolute minimum bet is £1 or even £2 a point. Everything was fine when I was betting at 10p per point. Okay I wasn't making big profits but it meant I could try out a lot of different approaches without getting burned too badly. Even trading at 50p felt relatively safe (although by then I did start to bet more exclusively and conservatively). Now I'm actually going to be trading/betting with money that
means something (i.e. not just flirting around with pennies etc..) I wanted to be a member the best Trader Support Forum, in order to get the most out of my trading...
To be honest, whilst all the general advice on this site is fantastic, the questions I'll mostly be asking will be Binary-focused, so who should be the best person to approach for advice in that field; and which sub-section of the forum would I likely get the most (relevant) replies?
Juuussttt one last thing quickly. I have 4 key texts on the art of reading Chart Patterns and Technical Analysis 101 type-books, but clearly not
ALL of these different patterns, signals and indicators are relevant to me being a Binary guy. If any other Binary-fan's out there have a view as to which are the most
appropriate &
applicable facets of TA when it comes to BB's? Links or drop me a PM would be so useful
🙂
Right. I think I'll leave it at that, as I seem to have written triple the amount of anyone else
😱 If the Mods actually think this 'Introductory' post is too long, could you please let me know before deleting it (I want to save some of the key questions to ask on other parts of the board)? Either way, I hope I've gotten my reason for being here across loud 'n clear. And for those who missed it, to summarize:
BINARY BETTING - TIPS, STRATEGIES AND TACTICAL TECHNICAL ANALYSIS
...as well as lots of stuff on the Elliott Wave I am apparently in love with so much.
:whistling
Thanks for taking the time to read this; I'm already looking forward to becoming a more involved member of this great site
😀
Cheers,
- Alex