Binary options trading is your way how to get money online. In order to trade financial markets you will need education first in this you can do buy checking online different websites online guides and also video tutorials maybe.
In order to be psychologically prepared for losses a good trader will always find a way to remain calm and to keep focus if you manage to do that you will surely have more correct predictions than wrong. It is all up to you. A reasonable dose of confidence will be your best friend but do not forget that if you get too cocky your binary options trading things will definitely not be in the green for you at the end.
On the topic of psychology one should not forget that a good trader is also a healthy person. This is why according to leaving binary option analysts, it is advised to keep your stomach full and always take enough sleep so that your brain would work properly.