Trading Big Market Events in Binary Options
Despite of being a complex trading platform, binary options trading is one of the most productive and fast platform. Calculations of market movements can be made with mathematical precision, because market reacts reflexively to stimuli. Trading strategies based on big market events are related to fundamental analysis, which examines the demand and supply of the market. The uniqueness of the strategy that Secured Options would like to put forth is that every trader has his own understanding of actions algorithm when trading important events.
Event tracking tools The key tool is undoubtedly the economic calendar, which gives a clear idea of the information and the time of the expected event. Traders can also use several other information suppliers to track the events. To begin, the trader must know which economic indicators are able to change and influence the value of assets. The primary indicators are the news about interest rates and
inflation, GDP, labor market situation, it is also crucial to consider the reports, which shall be announced profitability or unprofitability of the largest leading companies.
Drive the wave It is essential to restrict the news that changes the situation appearing on the market, and as a result of which the prices get the momentum in one direction. First of all, Secured Options would advise you to pay attention to the source from the Eurozone, US and Japan. It is important to fully master the possibilities of economic calendar each week to mark the news for yourself that have strongest interaction with the market. It is not necessary to buy an option before the release of the news, which expiration date occurs after the appearance of the publication. It should be borne in mind that in the first second, the graph can illustrate the false price movements due to acutely emerged hype, but true response also will not take long.
Trading currencies while big market events occur Meaningful trade on the news in the binary options includes careful attention to the interpretation of any changes in the market. There are unexpected and planned news. The initial ones are very difficult to be predicted, but planned release in a fixed time interval is easier to work with. Often, at first glance, bad data leads to an increase in the value of currency pair must take into account the value of two currencies together. Every news has its own period of relevance. Trader must learn to differentiate which ones will have long effect of the price change, and which will be able to shake up the market just for few minutes.