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Below are a list of a few myths and facts you may have heard about binary options:

• It’s just based on luck.- MYTH Not really. Although last-minute changes in the price of the instrument are inevitable, there are strategies that you can learn to manage risk and increase your chances of gaining money. Our blog includes links and resources  for learning more about binary options and some of the strategies shown to help traders minimize risk.
•  I have to be an expert on finance and stocks in order to invest in binary options. - MYTH If you have the right personality, binary options trading can be a great way to increase your earnings. You need to be determined, patient, and willing to invest time and effort to learn about binary trading. But compared to the conventional market, you don’t have to be an expert.  In fact, binary options were in part designed as a simpler investment alternative to traditional investment.  Of course, if you are a financial expert you are ahead of the game. Our Markets Pulse blog and platform offers you lots of information to start from, and we will in time recommend more information for advanced binary options traders.
• Great. So anyone can do it.- FACT Anyone CAN do it. Binary options trading, however, is not for those of the gambling mentality, who want to arbitrarily select calls and puts all day long. These people will lose a lot of money. See #2 for more information on the amount of effort needed to become a binary options trader.
• It is boring to predict whether a stock rises or falls within an hour. - MYTH Nothing could be further from the truth! Prices of binaries can change at a moment’s notice, due to various market changes. There are different types of binary options, which you can read about on our blog: http://blog.marketspulse.com/?p=14 In addition, our platform will introduce exotic options in the near future, which offers more advanced alternatives to the traditional call and put system.
• I need a lot of money in order to start.- MYTH You can start trading with as little as $100.
• The commissions for buying binary options are high. – MYTH Markets Pulse does not charge commission fees. Most of the online brokers don’t charge commission fees. Find a broker that doesn’t charge these fees and gives a protection rate.
• It’s an easy way to make money.-  FACT See #2 for more information on the personality needed to succeed in binary options. Again, binary options trading are not for the faint of heart. But with some research and knowledge of the industry, you can earn money.
• Binary options are short-term options, expiring within the day or within an hour.-FACT Yes, binary options are short-term, and are used for intraday trading and even hour-long trades.
• I have to first lose a lot of money in order to “get the hang of it.” – MYTH Markets Pulse offers you to join and start trading with practice money. It is strongly advisable to do this before placing actual bets. You will minimize risk.
• Binary options are a relatively new form of trading and the simplest form out there. – FACT Indeed.  Binary options have only been out for the past two or three years. But they have taken off and are growing more and more popular by the day. They are simpler than the traditional methods of investing.