The greatest traders work hard to get ahead and even harder to stay ahead. Through increased knowledge, they constantly adapt with the market and remain profitable in every environment.
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New York, NY (PRWEB) June 05, 2014
What do The Beatles, Microsoft co-founder Bill Gates, and mergers and acquisitions pioneer Joseph Harold Flom have in common?
In his New York Times-bestselling non-fiction book “Outliers: The Story of Success,” Malcolm Gladwell puts together a compelling yarn which details one common underlying theme which pervades the narrative of successful people in seemingly disparate fields. The book centers on the 10,000-Hour Rule. Simply put, the key to success lies in investing at least 10,000 hours of practice.
In the latest blog post of The Binary Options Experts entitled "What Separates The 10% Of Traders Who Make Money From The Rest?" the leading binary and digital options trading experts jump off from Gladwell's thesis laid out in “Outliers” and explores the anatomy of successful people who are into trading binary options.
According to the blog post, one of the most common traits shared by successful binary options traders is their passion for education. Apart from taking advantage of binary options demo accounts, these traders continuously seek to refine their edge against the others.
Successful traders are also notoriously independent thinkers. Meticulous in crafting their plans, they stick to that plan and avoid common trading pitfalls by using the best tools available.
"Successful traders blinker themselves from the opinions of others; they focus on their own trade plans," says Duane Cunningham, VP for Global Operations at The Binary Options Experts.
These traders also emerge from the heap due to their uncanny ability to adapt to changing market conditions and even technological advances.
Like scientists, these traders thrive due to their objective mindset. They create a buffer between themselves and fear or greed, which allows them to emerge as the winners in the long term.
Apart from investing in self-investment and having heightened self-awareness, top traders view binary options trading as a technical exercise which allows them to focus on getting the most out of the market.
"The greatest traders work hard to get ahead and even harder to stay ahead. Through increased knowledge, they constantly adapt with the market and remain profitable in every environment," Cunningham concludes.
To read the full post and learn how to trade binary options, visit The Binary Options Experts' website now.