If you have been active here lately, you’ve surely noticed the numerous posts on the forums about a variety of different indicators that can be used to trade binary options.

Although I am not the biggest fan of indicators anymore, they can certainly come in handy from time to time. However in my opinion you should never solely use an indicator as a basis for your trades. They should be used as a tool for additional confirmation from your own idea.

I say this because a majority of the indicators you will run across will at some point go horribly wrong. I’ve yet to come across one that worked during live trading extremely well and extremely often. Most of them seemingly crash and burn just as the one before it did.

The reason I mention this is because many new binary options traders begin their journey searching through forums and websites in hopes to find the “holy grail” which will make them millions. I’ll admit, I spent hundreds of hours looking for it myself. Although sadly I never did find it…

However to be completely honest from what I’ve learned from my own experience, trading in any market simply takes hard work. It also takes lots of research, lots of live trading experience and sometimes just a little bit of luck.

So with that said, keep your chin up through the great days and bad days as you continue learning how to trade. Remember to stay positive, but don’t ever get cocky. The market can quickly wipe the smile off your face.

Stay awake, alert and mentally prepare yourself before trading my friends, it’s a battlefield out there. Go earn your stars and stripes.