+1 (866)-882-6854
+ 44 203-807-1675
Chat
02:39:04 GMT
Black & White

BINARY OPTIONS TRADING ON THE EUR/USD ?

NIKKEI 225 VS TOSHIBA 93.686 02:30 23.02
MAZDA VS TOSHIBA 7.847 02:30 23.02
NIKKEI VS SUMITOMO MITSUI 4.325 02:30 23.02
NZD/USD 0.71846 02:30 23.02
NZD/JPY 81.379 02:30 23.02
AUD/USD 0.76764 02:30 23.02
AUD/JPY 86.949 02:30 23.02
TENCENT HOLDINGS 214.700 02:30 23.02
SSE180 VS CSI300 2.1859 02:30 23.02
AUD/CAD 1.01035 02:30 23.02
TAIEX 9797.6 02:30 23.02
SSE180 7598.730 02:30 23.02
CSI 300 3476.262 02:30 23.02
SHANGHAI COMPOSITE 3250.382 02:30 23.02
EUR/JPY 119.533 02:30 23.02
EUR/USD 1.05530 02:30 23.02
HANG SENG F-JAN17 24073.000 02:30 23.02
TOPIX 100 992.810 02:30 23.02
NIKKEI 225 19313.290 02:30 23.02
HANG SENG 24089.300 02:30 23.02
ASX F-MAR17 5758.500 02:30 23.02
USD/JPY 113.269 02:30 23.02
USD/SGD 1.41603 02:30 23.02
ASX 5791.100 02:30 23.02
STRAITS TIMES 3118.700 02:30 23.02
X
We apologize for the inconvenience, registration from your state is disallowed.
By: Adam Stone
July 11th 2014 4:44am GMT, London UK
 

Binary options trading kicks off today again in a somewhat murky and disjointed manner. With the US stock markets falling again yesterday and failing to register a break above the now critical 2000 level (for the S&P) many investors are showing their jittery predisposition to a lack of direction. As a result, the markets are seemingly off kilter. The S&P dropped 0.41% to 1964. Stranger yet, almost all of the major Asian indices headed higher earlier this morning with the striking exception of the NIKKEI which did follow the trend in the US and fell as well.

The Japanese index lost 0.53% on the day to 15135 and looks rather unstable of late. Despite a great push higher for much of 2014, the index has been unable to carry on higher in recent days, much like the week that has past for the S&P in the US. Poor data coming from the EU didn’t help matters but even there things weren’t one sided. Despite negative news from Portugal’s banking sector and economic indicators showing weakness across Germany, Italy, and France some of the stock indices headed higher. This lack of correlation between news and market results tends to spoil good trends rather quickly.

For binary options trading today, we expect forex to take most of the focus as a result of this lack of transparency. Ordinarily news has a more direct and immediate effect on the financial markets. But when this gets a bit bent out of shape, we opt for more directly tradable assets like the forex pairs. Binary options trading on forex becomes much easier for both the uninitiated as well as the most veteran of traders.

Then again, with the recent moves of the EUR/USD, it might be just as seemingly difficult here. But that’s not the case. Despite the EUR/USD pushing back lower, after breaking above the resistance at 1.3640 only to break back lower, the forex pair is very well supported above 1.3585. Binary options trading on the pair will be able to be taken advantage of in rather quick succession. One good trade we see with the forex pair is the potential break of 1.3585. Despite being a very strong support, it’s very possible it break and if this support level break today, it will usher in a new move lower well past the support and with great follow through. The fact that this level hasn’t been broken in quite a while will add to the impetus. This is very important for binary options trading for a number of reasons, but the most important of these is the profitability of trades.

If you take a great trade with the wrong expiry associated with it, you will lose. However, if you choose the asset and direction with the greatest follow through potential, you increase your chances of bringing home a win on a trade for the simple reason that you are in essence buying time. The more follow through, the more time the asset will spend below/above the critical support or resistance.

Share Button
Adam Stone
Follow me

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
Follow me

Latest posts by Adam Stone (see all)

Start Trading with the most professional mobile platform, always on the GO
Play StoreApp Store