21st century sales training
They are also called all-or-nothing options, digital options more common in forex/interest rate markets, and fixed return options FROs on the American Stock Exchange. Binary options are a simple way to trade price fluctuations in multiple global markets, but a trader needs to understand the risks and rewards of these often-misunderstood instruments. Binary options are different from traditional options. If traded, one will find these options have different payouts, fees and risks, not to mention an entirely different liquidity structure and investment process. For related reading, see: A Guide To Trading Binary Options In The U.S. Our customers were very hopeful or excited because we would psych them up.
I was always taught that when you’re on the phone with someone and trying to sell, make sure you’re talking with a smile because they can hear it. We geared them up, we developed a real relationship with them. If a trade is successful, clients earn between 60 and 80 percent of the amount they put on the trade. If it isn’t, they lose it all. People gradually lose all their money. But the managers also keep track of the success of every account. If a customer is doing well, the managers will change the probabilities for that account; they will make it less likely for that person’s trades to be successful. He gave me $500, which is a lot of money in Pakistan.
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