Morgan Wentworth

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Everyone’s got advice to give, but not everyone has a bank account with a few billion to back up their quick tongue. In this article, we have pulled together the words of wisdom of legendary billionaire investors and super wealthy business magnates to offer up some of their finest advice.

So, if you’re going to take recommendations on planning your business, or simply living life, make sure you’re getting it from quality sources. That being said, here are some solid tips from a few very wealthy people that can be applied to your life regardless of your financial situation.

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Bill Gates Best Financial Secret

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Bill Gates is one of the wealthiest people on the planet, and while he doesn’t often speak about finance, or investments there is still a whole lot that we can learn from him. Much of his advice applies to personal achievement, business ventures or money tips. For the sake of keeping things brief, we will cover only a few.

Gates preaches that you should learn from your losses and not from your successes. To quote the man himself, “success is a lousy teacher. It seduces smart people into thinking they can’t lose.” This is a great point, and everyone should keep this in mind regardless of the situation. It’s easy to get greedy after a few good trades, and it’s even easier to lose your grip and spiral out of control when you’ve been on the up for some time. While it may be hard, it will be of great benefit to separate yourself from the moment and take a second to reflect.

Warren Buffett’s Best Financial Secret

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Warren Buffett is a name synonymous with business, and for good reason. The Oracle of Omaha was the most successful investor of the 20th century. Buffet summaries his investment philosophy quite nicely with this one liner – “whether socks or stocks, I like buying quality merchandise when it is marked down.”

The Oracle of Omaha strongly believed that you weren’t buying stocks, but you were buying businesses. And sometimes, the market is willing to sell these businesses for less than their true worth – and this is the signal to buy. Seems simple enough, right? It was for Buffett – some of his largest hits are American Express, Disney and Coca-Cola, all of which he got at a great discount.

Warren Buffett adhered to this value-investing principle since the ‘50s, and I think it’s fair to say that he is doing alright for himself.

Marc Cuban’s Best Financial Secret

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This super entrepreneur is living the life – besides his many successful business ventures, his beloved Mavericks and his modest gig on Shark Tank, the busy man has also recently written a book on business, where he tries to spread his simple message of success. Much like what his father told him, and what your father might have told you, too – “hard work pays rewards, there are no shortcuts.”

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Cuban is a strong believer of staying debt free, especially when it comes to starting a business. “If you take a loan, you are no longer the boss,” Mark says. “And your customers are no longer the bosses. Your banker is the boss. And if you hit any adversity, like every startup does, the priority becomes taking care of your banker . . . You’re no longer in a position to do whatever it takes to survive.” Saying, “don’t be a slave to the bank” is easy, but in reality starting a business without a loan is impossible, right? Wrong. According to Cuban, the vast majority of today’s companies can be started without any capital. You just need to work hard, “there are no shortcuts.”

Oprah Winfrey’s Best Financial Secret

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Oprah Winfrey is a household name, most likely known for her syndicated talk show. Her success in the building of her own business empire is well known, and she’s not shy to talk about her financial successes and failures. Many of us have setbacks, failures, or financial dreams that we think are out of reach, but according to Oprah we can all get where we want to go if we apply ourselves to our fullest potential.

Oprah is a strong believer in the power of the mind, stating that, “you become what you believe. You are where you are today in your life based on everything you have believed.” Her words are sure to motivate, and push people to change. Very few things in life come easily, and this quote is a reminder that a person can change his future by merely changing his attitude. There are many paths to financial independence, and it might take you a while to find yours, but if you work hard enough, it’s inevitable.

Donald Trump’s Best Financial Secret

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Donald Trump is one of the most famous entrepreneurs in the world. The real estate mogul has been active in the business world for over 40 years. And when he is not too busy making TV appearances, writing books or considering running for president, he shares his career wisdom with the world. The reach of his advice is wide spread, and his tips can apply to your life regardless of who or where you are.

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While there are many tidbits of advice that Trump has offered during his business presence, we will just focus on what’s most important. And according to Trump, it’s passion. Trump says that “you have to love what you’re doing,” and if you’re invested in your job, you will stand out. When you love what you do, the quality of your work can only improve. While intelligence will play a huge role in your success, you should also take some time to learn from others. Trump says that it’s important to keep up with your competition, and observe. You can see what works and what doesn’t, simply by watching your competition. You don’t have to make mistakes to improve when you learn from others.

What to Take with You:

While the very successful, uber-wealthy, and highly influential people outlined above all have a different approach; there is still a few things they have in common. Each and every one of them points out that success doesn’t happen by chance. On the contrary, it takes hard work, dedication, and often times a large dose of good luck to succeed. That being said, you can surely give yourself an advantage by learning from the success of the five billionaires listed above. Take their advice, and apply their tips to your own business, or lifestyle and you’ll take your first step to making your own riches. And who knows, maybe one day someone will write about your best tips and advice.

RECOMMENDED STORIES:

If you have ever played online poker you are probably willing to take on some risk for a high reward. Any veteran player knows that the tables are now increasingly overrun by bots, and with the government cracking down on the sites, and the players, it’s becoming less and less worth it. Even if you make money, the DOJ can seize the site, and all of your funds before you get a chance to withdraw them! With that in mind, many former “illicit” online gamblers are now switching to a form of “gambling” that is completely legal in the eyes of the bureaucracy that is big government; the stock market. In the past, investors with a high tolerance for risk would create a portfolio of penny stocks, a long term strategy to try and make a few bucks. But now we are starting to see a trend of buying Binary Options, a much quicker way to see some cash.

One of the most popular Binary Options Trading firms, IQ Option, has said that the vast majority of all new accounts are people who are backing away from traditional day trading, or even those who have little to no experience in the stock market at all. Considering you only need a very small $10 deposit to get going (or even creating a free Demo account to see how it all works before you invest with any real money), it makes sense that this is the new market for regular people.

Trading on The IQ Option platform Is Simple:

How to Trade Binary Options:

1. Binary options – the world’s easiest financial instrument. They allow traders to profit from price movements across all the world’s markets

2. There are only 2 types of transactions you can make with binary options: CALL and PUT.

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The IQ Option platform allows traders to make investments starting from just $1. The rate of return can be adjusted, that way losing trades will return a defined percentage into the trader’s account.

3. Call – Option for rising prices. If you believe the price is about to go up, choose this option.

PUT – Option for falling prices. Buy this option when you expect the price to decrease.

If you see on the chart that the price isn’t rising or falling, that means that right now there’s a “neutral trend.” In this case, it’s best to hold off on buying this option. Consider choosing a different asset to invest in.

Trend examples:

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4. Never invest more than 2% of your capital in a single option. This is the golden rule for any investor. This way you can manage your investing without losing your head…or your money

5. If 60% of your transactions end up “in the money” then you will be consistently profitable, and you may gradually increase your investment amount.

6. In order to improve the quality of your results, use technical & fundamental market analysis.

7. Try different asset classes. If you’re not getting results with currency pairs, try stock indices. On IQ Option you can  find over 70 types of assets, including Amazon, Facebook, and Google.

Ready to Start Trading? Click Here

“RISK WARNING: PLEASE NOTE THAT BINARY OPTION TRADING ENTAILS SUBSTANTIAL RISK OF LOSS, AND MAY NOT BE SUITABLE TO EVERYONE. TRADING COULD LEAD TO LOSS OF YOUR INVESTED CAPITAL”.

With automated algorithmic high volume trading that can make big bankers filthy rich at the speed of light, the stock market has become a game that isn’t very friendly for the little guy without billions of dollars backing him up. How can you possibly expect to compete against a worldwide multi-billion dollar fibre optic infrastructure that can make millions of trades per second? Statistics show that over 95% of all profits are made by these systems, and the big bankers behind them. Not surprisingly, many day traders are jumping ship and trying something new; Binary Options Trading.

One of the most popular Binary Options Trading firms, IQ Option, has said that the vast majority of all new accounts are people who are backing away from traditional day trading, or even those who have little to no experience in the stock market at all. Considering you only need a very small $10 deposit to get going (or even creating a free Demo account to see how it all works before you invest with any real money), it makes sense that this is the new market for regular people.

Trading on The IQ Option platform Is Simple:

How to Trade Binary Options:

1. Binary options – the world’s easiest financial instrument. They allow traders to profit from price movements across all the world’s markets

2. There are only 2 types of transactions you can make with binary options: CALL and PUT.

c4d03b9f84e1294881201021c5863989

The IQ Option platform allows traders to make investments starting from just $1. The rate of return can be adjusted, that way losing trades will return a defined percentage into the trader’s account.

3. Call – Option for rising prices. If you believe the price is about to go up, choose this option.

PUT – Option for falling prices. Buy this option when you expect the price to decrease.

If you see on the chart that the price isn’t rising or falling, that means that right now there’s a “neutral trend.” In this case, it’s best to hold off on buying this option. Consider choosing a different asset to invest in.

Trend examples:

2ac00f6e1fdbea669fc08eaaee16e7bc

4. Never invest more than 2% of your capital in a single option. This is the golden rule for any investor. This way you can manage your investing without losing your head…or your money

5. If 60% of your transactions end up “in the money” then you will be consistently profitable, and you may gradually increase your investment amount.

6. In order to improve the quality of your results, use technical & fundamental market analysis.

7. Try different asset classes. If you’re not getting results with currency pairs, try stock indices. On IQ Option you can  find over 70 types of assets, including Amazon, Facebook, and Google.

Ready to Start Trading? Click Here

There’s no doubt that if you have been surfing the web you’ve seen advertisements or popups promising you some “Get Rich Quick” scheme that will make you millions overnight. One big culprit is companies pushing trading binary options. But just how legitimate are they? And what is a Binary Trading Option anyways? We wanted to find out, so we dove right in to investigate these claims firsthand with our own money, to see just how legitimate their claims are.

Binary options trading is becoming more and more popular, drawing participants from every sector of the investment community. Beginners and seasoned veterans alike are drawn to this new genre, indicating that the appeal is rather widespread. Binary options, in finance, are a type of option with a dichotomy of outcomes. In the first outcome, the trader gets a very high return on his or her investment, and in the second one, the trader walks away with nothing.

While this approach may sounds risky there is some compelling evidence that this method of trading can lead to some impressive financial gains. If you are methodical and patient with your trading, there is some great potential to be tapped in binary options trading. That being said, it’s important to understand that there is also potential to lose all of your investment. Since you can trade a dozen of times a day, things can quickly spiral out of control. For this reason, amongst a magnitude of others, you should first educate yourself – at least on the basics – of binary trading.

Investment Upsides: What Are The Potential Pros?

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There are a number of Pros in binary options trading, but first and foremost is the potential for a quick payoff. Where else can you get an 85% return on your capital in under a minute? Next, is the simplicity of binary options trading. There are very little factors to consider, and the decision tree is fairly straightforward (we’ll touch on this in a bit). There are no time frames to consider, no correlations to find, and in many cases you don’t even have to read a single chart.

Another big ‘pro’ of binary options trading is the lack of fees or commissions. The entire system is executed in a way where all of the costs are covered by the spread contained within the payoff/rebate structure.

Finally, risk management is not a problem when trading binary options. You will never get a margin call as you can only wager what’s in your account. Additionally, you set your own risk tolerance by setting the exact amount you want to place on a certain trade.

The above pros may make binary trading seem like gravy – so to speak, but keep in mind that brokers are in this arena for the money. Which brings us to the cons of binary trading.

Investment Downsides: What Are The Potential Cons?

binary-options-potential-cons

To contrast with one of the biggest pros of binary trading – high payoffs also mean that there is high risk. Since you’re betting on very short timeframes, there is not as much time to effectively analyze the market to make a more informed prediction. In the case of uber quick trades – a minute or less – the trade can feel like a gamble.

Another thing to consider when trading binary options is the fact that the odds are highly biased in favor of the brokers. While the competition between binary options brokers is improving the odds of traders. The trader still must win at least (an average of) 55% of the time to break even, let alone record a gain. The whole idea of Binary Options Trading creates a problem of ethics among brokers, so it is very important that you carefully consider which broker you decide to trade with.

These warnings aside, exploring binary options can be a low-cost way to trade and learn a new market. You don’t have to invest too much to dip your toe into the waters of trading, and binary options may provide you with a great opportunity of honing your trading skills. It especially strengthens the understanding of the fundamental idea behind trading, and it could help you successfully trade in the future.

Trading binary options can be compared to the stock market – there is a whole lot of money to be made – but you need to know what you’re doing. Making uneducated predictions on your trade is virtually gambling away your earnings. If you want to stand a fair chance, and potentially make some decent money, then it’s absolutely vital that you proceed with caution and do some prior research.

Final Verdict: Invest But Start With A Demo Account

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If you finally decide to jump in and start trading, then your next question is probably – Where can I start?

Before you make any trades at all, you will want to familiarize yourself with how online trading works by using a “Demo” account. Demo accounts allow you to make Binary Options using fake money. And, although you won’t actually be seeing a return of any real money when you make a successful trade, it will allow you to understand the system without losing any real money, either, should your trade not work. This whole concept is similar to online poker games where you play for free to hone your skills, so that hopefully with the experience you gain you will be able to make some really valuable trades, with real returns.

As one of those people who doesn’t believe in reading instruction manuals before we get started, we didn’t bother to use a Demo account, either. Unfortunately this resulted in some losses that would otherwise have been avoided if we had a few Demo trades under our belts first, to give us an overall idea of how things work. I can’t stress enough how important it is to play around with fake money first, before using the real stuff. It’s only money, but the goal is to make more.

Fraud Prevention: Which Traders Can You Trust?

It is important to remember to always be on your toes. There are literally hundreds of Binary Trading brokers out there, and it can be confusing to actually validate if a broker is legitimate or not before making a deposit. As I stated in the beginning, there are plenty of brokers, and it is an industry that is rampant with poor business ethics. To save yourself from your own very high risk trial and error experiments, we have chosen to select only two of the most highly regarded award winning brokers, whom we were able to test and verify successfully.

It is not unusual for most Binary Option brokers to demand a high initial deposit, along with a “resume” of sorts describing your prior trading experiences. Both of these options don’t seem very user friendly, and certainly aren’t right for beginners. So we went right ahead and eliminated any brokerage that requires either of those things. With both V8Options, and IQ Option, absolutely anyone can trade. There is no need for a high initial deposit, or to prove that you have prior experience. As we touched on before, creating a Demo account will help get you that experience anyways, without risking your cash.

Both trading interfaces on the sites are designed to make it very easy for beginners, and inexperienced traders to start. We came to appreciate the impressive library of training guides, tutorials, and video instructions. Combine these with your Demo account, and you will be good to go.

Another major drawback of many firms we found was that they make it next to impossible to withdraw your earnings. They hope that by keeping your money in the system, you will continue to invest more and more with them. With V8Options we liked that there is no minimum withdrawal amount, and with IQ Option the amount is a very small $10. We found the withdrawal process with both to be very easy, with no hassle. Why should they get to hold on to our money, anyways?

Our Advice: Who Should You Choose V8Options or IQ Options?

Which of these two brokers do we think you should choose? Both seem to be good choices, we personally preferred IQ Options interface but its important to figure out which one is right for you so our recommendation is that you signup for a free demo account at both traders and do a few free trades on both before deciding which one is a better fit for you.
 

IQ Option Company Video:

Ready to try out IQ Option? Click Here to sign-up for a free account.

 

V8 Options Company Video:

Ready to try out V8Options? Click Here to sign-up for a free account.

In the end, it’s important that you make sure you are confident in what you are doing before jumping into the deep end of the Binary Options Trading pool. The potential to earn a significant amount of money is certainly not overstated by their bold claims, and it’s a market that is ripe for tapping in to. However, the opposite holds true as well. Like any investment, there is risk involved, so it is important to be smart with your money and proceed with caution like you would with anything else.

We’d like to point out that for the above brokers we are linking you with an affiliate link, so if you do start trading with real funds we will receive a referral fee. With that said, absolutely every broker offers referral commissions and the shadier ones certainly offer much higher compensation. With our reputation on the line, we have been careful to only select brokers that we ourselves are comfortable in using. Brokers we were both able to deposit funds into and withdraw funds out of without any hassle. It’s always wise to do your own due diligence on any investment or financial advice you find both here, or anywhere else on the web. Once again we implore you to start your Binary Option Trading with a free Demo account so you too can see what it’s all about!

“RISK WARNING: PLEASE NOTE THAT BINARY OPTION TRADING ENTAILS SUBSTANTIAL RISK OF LOSS, AND MAY NOT BE SUITABLE TO EVERYONE. TRADING COULD LEAD TO LOSS OF YOUR INVESTED CAPITAL”.