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By: Adam Stone
January 1st 2014 7:07am GMT, London UK
Today is the first trading session of 2014 and with 2013 well behind us now, it’s all about the future now. The last day of the trading year on Tuesday was actually a bellwether of future events though so don’t discount the past just yet. For binary options traders, the fact that the US stock indices provided yet more fodder for beautiful low risk trades should come as absolutely no surprise. Again, the major indices in the US headed higher, this time past yet another resistance level. This should have allowed traders to take more up options on the incredibly well performing indices.

The S&P stock index headed higher by 0.4% to 1848 while the Dow Jones headed by a similar figure of 0.44% and rose to 16576. For binary traders today, staying focused on these indices looks to be a very good idea. For starters, the new year started with some strong results in Asia as the Nikkei stock index, off a tremendous last quarter, continues to post great numbers. This morning, the Japanese index closed up the 1st session of the year with a move higher by 0.69% to 16291 and this solidified the support level at 16000. It looks as though that support won’t be tested for a number of sessions to come and will leave traders looking higher in Asia as well. So for today, index trading binary options traders will likely see that forward momentum spilling over into the US session later today.

For forex trading binary options, things have started very quietly in 2014. The EUR/USD has thus far barely moved and is still deeply entrenched in its current range. Problem is, that range is only about 100 pips deep and lies between 1.3705 and 1.3810. Despite a break last week that was transient, binary options traders should be on alert for both breaks and potential reversal strategies. In other words, so long as the break doesn’t happen in the market today then binary traders can try to take down options on every test of the upper boundary of this range or take up options on tests of the support level. Of course, if a break does come along don’t miss it. With reversal strategies it’s always advisable to retain a small trade and short trade approach. But with a break, you want to have the bank roll to go big with at least 30-60 minute expiries. If you give the market time, it will provide you what you need in terms the time needed to turn a profit on a good trade. If you notice the breaks seen over the course of the last few weeks for the EUR/USD, you will notice that 30 minutes or so leaves you with ample time to turn a profit on a binary options trade with nearly every break.

Looking at the new year, be objective and look for the break needed to make the money to change your life. Start today.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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