5 Movies All Binary Traders Should Watch

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5 Movies All Binary Traders Should Watch

The world of binary options might be a great, lucrative and high earning market for both the beginners and pro traders that already know their way in binary options. Knowing how much they can win or lose is excellent and no other financial tool will give you such an option. I personally take it as a great advantage and you don’t have to take into an account as many variables as in other types of trading.

You might be saying to yourself, why do I need to watch a movie? Isn’t it a waste of time? How can these directors understand the stock market? Most of these movies are based on real events and they can provide inspiration, motivation or a lesson to some. If you take trading seriously – we are not talking about binary options only, but about trading in general – you’ll certainly take something from these movies. Are you ambitious? Do you want to be successful? If you do, I highly suggest to have a look at them. I am sure it won’t be a waste of time. So, let’s have a look at the 5 highest rated financial movies that are worth seeing. Trust me – I’ve seen them.

Boiler Room

J T Marlin’s employees work in a large room full of people who scream over one another on the phone to sell as many shares as soon as possible to earn millions. In order to get here, you don’t need any special education, it might be more of a burden. There is only one thing that works: work, work and work again, no set working hours, no holidays and in a year you’re a millionaire. More about it here.

Enron: The Smartest Guys in the Room

This documentary describes one of the biggest financial scandals in American history. Enron was an American energy company, at its time employing over 20,000 people. The film captures the rise and fall of this company on the personal stories of people from the company’s management, who through their actions brought the company to declare bankruptcy in 2002. The viewer is, in the form of statements of former employees and politicians, presented a testimony of the risks taken by the company’s management on the energy market. It’s a story of a company, where after its bankruptcy, all employees and investors lost billions of dollars. More about it here.

Inside Job

The first film that reveals the truth that lies behind the economic crisis in 2008. The global financial collapse that resulted in a loss of twenty trillions of dollars, millions of people were deprived of jobs and homes. Through an extensive research and interviews with major financial experts, politicians and journalists, Inside job traces the rise of the robbery industry and showing relationships that corrupted politicians and legislators. More about it here.

Wall Street

Wall Street, a symbol of the great world of finance, is currently one of the symbols of American success. Main hero of the movie is also longing for it. With an important information from his father about Blue Star airlines he manages to break into the office of a stock exchange speculator, and after an agreement he starts working for him. Gekko is using this ambitious young man for not very legal tasks, such as obtaining information. Buda, who at the time was succumbed to a simple, but not a very honest profit, however, is going to end up quite shocked.

Margin Call

This film tells a story of the key figures of the investment firm, 36 hours before the outbreak of the financial crisis, which sparked in 2008. When an inexperienced financial analyst discovers information that could make his firm go bankrupt, he causes a chain of decisions – financial and moral – and catapults the lives of all those involved to a disaster. Margin Call offers unrelenting courage and authentic view of the financial industry and its actors that stand in front of the decisions that can shape the future.

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

5 Great Movies About Traders to Watch This Weekend

The weekend is just around the corner! A time to relax and take some time off after a week of hard work and intensive trading. For those interested in the global financial market, it is also an opportunity to learn something new in a fun and entertaining manner. Say, by watching a bunch of good movies about Wall Street and professional speculators. Here are our top 5 movies about trading!

Wolf of Wall Street

Probably the most well-known trading-related motion picture of the last decade. This is a movie about the ugly side of trading, and that’s exactly why people love it so much. Securities fraud, money laundering — it is all here. The movie is captivating, humorous and is packed with action. Definitely a must watch, but don’t try to replicate things you will see here. This is a textbook of what NOT to do when operating on the market.

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The most interesting part? It is based on a real person, Jordan Ross Belfort. You can read more about him online if you found this movie interesting.

Wall Street

An all-time classic about Wall Street, greed and professionalism by Oliver Stone. This movie provides the portrait of an immoral, yet highly likeable character by Michael Douglas and his subordinate Charlie Sheen. This movie is just as about personal relations in trading, as it is about trading per se. Definitely a must watch.

Margin Call

This renowned film demonstrates the dark side of trading. What should a trader do when everything goes bad? How to manage losses and come back after a losing streak? How to understand that the next financial crisis is just around the corner and what to do when something big is coming? These are the questions this movie is asking. If you want to understand the logic behind the decisions financial giants make, this movie is worth watching.

Floored

The only documentary on the list, Floored provides an insight into futures trading. It also touches on the problem of gambling in trading (some newcomers have a problem distinguishing the two). This movie is unparalleled in terms of education and, being a documentary, is as realistic as possible.

Billions

This series is a great take on the present-day realities of the highly competitive and ruthless world of professional investors. It has an interesting story to tell and a couple of lessons to learn. It comes as no surprise that Robert “Bobby” Axelrod has become a role mode for lots of aspiring traders worldwide.

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

GENERAL RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Five Don’ts of Trading — Keep These Things Away

Here is a collection of 5 ‘Don’ts’ you, as a trader, should try to avoid. These tips can help both novice and established traders protect their funds and improve results.

1) Don’t spend everything you earn

Most people make a living, spend money on leisure and only then put aside the rest. Unfortunately, this way of accumulating funds is suboptimal when towards a particular financial goal. What you can try doing instead is save first, invest second and then spend. Remember not to get too greedy though, leave yourself enough money to enjoy your life. Creating a savings account and accumulating funds there on a regular basis can be a good option.

2) Don’t underestimate the emergency savings

A lot of people keep a relatively small amount of money aside for “emergency money.” This may help you with a last-minute plane ticket, but it won’t help much if you get sick or something comes up unexpectedly and ruins your plans.

It would be great if you could accumulate 6 months’ worth of your wages in your emergency savings and only use these funds for real emergencies. When your income or expenses change, make sure to increase your savings amount accordingly.

3) Don’t miss an opportunity to earn more

Remember to not stop after securing a well-paying job. There are always ways to improve yourself and your financial wellbeing — whether it is by the means of professional development, passive income accumulation or something else. An investment in yourself is one of the best investments you can ever make. Therefore, you should strive to acquire new skills and knowledge whenever you get a chance, especially when those are available for free.

People who challenge the status quo are also the ones who are more likely to be interested in the financial markets. They understand the risks involved, but by investing regularly, over time, they recognise the opportunity for long-term growth.

4) Don’t make emotional financial decisions

Instead of randomly buying and selling assets based on the so-called gut feeling, develop a comprehensive trading system and create a trading plan with long-term goals.

As you probably already know, it’s not always easy to keep your emotions in check. And that is exactly why it is so important to have a decent strategy that prevents irrational trading. Put simply, a trading strategy is a set of rules for when it’s safe (in your opinion) to open a particular deal.

5) Don’t put all your eggs in one basket

Different asset classes behave differently and grow/depreciate at a different rate. It is true that by diversifying your portfolio you can miss a good chunk of profit when times are good. However, when times are bad, a diversified portfolio carries lower risk. Wealth that comes from several sources is usually more stable and reliable than one that relies on one resource.

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

GENERAL RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Binary Options Brokers 2020:
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    Top Binary Options Broker 2020!
    Best For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-Up Bonus Now:

  • BINOMO
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    Only For Experienced Traders.

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