Any trader worth his or her salt will have their favourite binary options trading strategy. Sometimes these will be developed over time, but there are several well-known strategies that you can learn even before embarking on your first trade. This and more useful information and tips beside can be found on websites like binaryoptionlive.com. Other sources of advice and guidance may be found on online forums. These are great places to hear about the best binary options brokers, the latest news from the markets, novel strategies and more! New traders should be able to pick up plenty of ideas just from following the online discussions. Forums are also the ideal environment in which to build relationships with fellow traders. The binary options system of trading may not be for everyone. It suits people who don’t want to invest money over the long-term, but is not ideal for those who can’t afford to take a sudden loss. It’s important to remember that although the potential profits are high – up to 80% or more in some cases, the losses you may incur are usually even greater. Your entire investment may be lost, or at best, you will get back 15% of what you originally put in.