Why Do So Many Binary Option Traders Quit Trading?
Posted: Mon Mar 14, 2016 8:41 pm
“The answer is out there, Neo, and it’s looking for you, and it will find you if you want it to.” Trinity, The Matrix.
According to LTV research we made, around 50% of traders quit before making 40 trades, contributing around 10% to the entire re-deposit rate. These figures depend on the origin of traders.
Before we start digging into the million dollar question of why, I think we need to ask if high turnover is good or bad in the first place. From the brokers’ eyes – the answer would probably be HELL YES IT’S BAD.
My first statement in this analysis ... (read more)