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By: Adam Stone
April 29th 2014 6:45am GMT, London UK
1

We are wondering whether our readers just may think that we’ve got our knickers in a twist due to our haranguing about the end of the world and all yesterday. Truth be told, the weekend’s geo political events surely did cause much of a stir and we believed that the toppling over of some markets, as occurred on Friday, could well continue. However, Monday was an indication that the market’s are simply stronger than stronger than rhetoric and more resilient than any individual analyst. Binary options traders probably had little faith in any such rebound and yet, 24 hours removed from the general ills that prevailed those early Monday hours, we are looking truly to the upside now.

From a binary options perspective, things look rather interesting for the day ahead. Looking at US stock indices which managed to eek out a nice gain yesterday, it looks like more is in store. The S&P rose 0.32% for the day and finished at 1869. This is still a very long way from returning to the upside trending form we saw earlier in March and for all of 2013. The potential to the upside, considering a rather positive earnings season. With tech stocks the forerunners of this current volatility cycle, we are at the mercy of stocks like Apple, Facebook, and Google which had mixed results this time around as Google, of these three mega-stocks, missed analyst targets.

For the day ahead forex trading will be the main buzz. After all, GOptions has just launched its very own forex trading platform. With the ability to open and close trades on the fly, the EUR/USD will now be even more enticing to the novice and advanced traders alike. The functions of the forex platform at GOptions are just as any other forex brokerage and allow you to :
1. Set the trade amount (based on the currency of the account)
2. Set your Stop Loss which is your investment amount
3. Choose a take profit which sets the automatic exit point for profits
4. Ability to take the trade Up or Down (Ask or Bid)

This functionality will allow traders today to take the uptrending EUR/USD in the direction of the market without the necessitation of hoping for a break. If the market passes the 1.3875 level today, binary options traders will likely look for Up options. Forex traders who expect the momentum to remain high to the upside can easily take the market up on the EUR/USD in hopes that the market will remain higher for the day which looks very probable at the moment.

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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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