Binary options offer an exclusive opportunity to enter trading market. The obvious advantages of binary option trading are the transparency, simplicity and overall profit potentials. It doesn’t take long for a beginner to get the idea and enjoy high returns of up to 85% within a single hour.
Just like in forex trading, one of the major factors that impact binary options is the news releases. A selected asset can show a sudden drop or a sharp jump, influenced by the volatility of the international marketplace.
The movements are produced by the latest economic headlines; therefore your success in binary option trading depends on how aware you are of the latest news release and how well you know to use the information in hands.
In order to find daily opportunities, a trader needs to choose the assets influenced by the market updates and take a plunge into a whopping 85% return. In order to understand the market better it is advisable to read technical and fundamental analysis and follow the updates from your binary option brokers.
Some binary option brokers offers daily analysis of the market, which increases your chances of creating the profits with almost no research from your part.
Which economic news is considered important in influencing the market?
Interest Rate Decisions by Central Banks/Financial Policy Makers
Gross Domestic Product (GDP) rates
Inflation (Consumer Price and Producer Price)
Trade Balance (Surplus or Deficit)
Business Confidence/Outlook Surveys
Consumer Confidence Surveys
Manufacturing Confidence/Outlook Surveys
Binary option trading is definitely an ultimate choice for news trading. Since each trading position expires within an hour, there is no long-term commitment to positions.
This kind of short term trading is a flawless environment for the use of the latest headlines. The chance of trading within 60 minutes is a window of opportunity for those who believe in news trading.