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BINARY OPTIONS TRADING ON THE S&P

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By: Adam Stone
August 21st 2014 5:54am GMT, London UK
 

Binary options trading strategies today will surely focus on the resurgent US stock markets. Now that the S&P stock index is back in striking range of the critical 2000 resistance level, it could be within reach. We have been waiting for just such a positioning of the index for 2 months and today or tomorrow could be the time for this to happen. Why is it so critical for us as binary options traders? Simple: it’s an easy win.

SP index with binary options trading strategies

When trading with binary options trading strategies, your need to create as many wins as possible is the key. So even just 1 more winning trade could mean the difference between a profitable day to a losing one. As such, we always seek an asset ready to break or at least provide a winning approach to any binary options trading strategy, whether break based or reversal based.

For the S&P index, today looks rather optimistic to us. If the S&P stock index has been able to head higher for the better part of the last 2 weeks while the threat of US involvement in Iraq intensifies and the talks in the Israeli/Gaza situation aren’t bettering, then anything is possible. If amidst the bad news, stocks are tearing it up, just imagine what a bit of good news can do. However, we are in the middle of August, one of the quieter and less break heavy months, so the expectations on our side might be a bit high, we admit. We do recommend though that binary options traders keep the S&P firmly on their watch lists especially in the minutes after the US open today.

With no major news releases expected in the US today outside of a few real estate related indices, it’s hard to believe that a major move will be seen in any markets in the US. However, with a move of only .7%, the possibility for the break is there and binary options trading strategies should focus on breaks.

But what if it doesn’t reach or break the level today. In this case, binary options trading strategies should shift to reversal based strategies especially if a touch on the resistance of 1991 is seen (local resistance) and in this case, maintaining focus and drilling in many smaller reversal based trades could be a much better option. The only downside with this strategy is the sheer number of trades you may need to push through, which could top fifty or even one hundred, depending on how long the tests of the resistance last for. Binary options trading strategies though can make a massive profit while this behavior sticks around and we highly recommend keeping it as the primary means of trading the S&P for the day ahead. Of course, if the index seems a bit too far off or if you’re not inclined to take up binary options trading strategies focused on reversals, then moving over to forex is always possible. But keep a close eye on the index, even if you don’t normally partake in the trading of indices using any binary options trading strategies at all.

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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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