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By: Adam Stone
December 23rd 2013 7:07am GMT, London UK

So we are in the last days of the trading year and with just a few sessions remaining before the start of 2014, it’s not the time to get nostalgic. The fact is, there’s no time like the present to be making serious bank on the moves in the markets and as always, our favorite way of doing it is strictly Binary Options. So traders of all types will be jingling all the way to the 24th of the month when things will simply grind to a complete halt. But until then, the Christmas spirit and general euphoria prevalent in the US markets of late will likely continue to make thing jolly and positive.

This past Friday saw the release of some minor news and economic indicators that helped push stock markets higher. The S&P, for example, closed at 1818 after reaching a high of 1823. This high will now act as the resistance level for binary options traders. Those looking to continue attacking the S&P on each break might find themselves in another opportunistic situation later today. With little in the way of news to help push markets. But the technical backdrop for the stock index is certainly bullish and the current resistance (at 1823) doesn’t seem to have enough behind it to be able to keep down the momentum in the market. Our only concern is that the downside is tested today. The worry for us is just a test and even any test could cause the market to test the downside well below the support of 1810. Any break below this level will allow binary options to take down options with what looks to be low risk. However, we strongly urge binary options traders to hope that the upside is once again tested and hopefully broken as this will be a much more favorable situation. The reason is that with the trend being clearly higher, risk levels are decreased when taking trades in the same direction. With lower risk might sometimes come lower reward, but that’s not the case with binary options.

With binary options, being right is all that matters. So the lower you can push risk, the better you are in making proper profit making decisions over the long term. Trading the EUR/USD and other fast moving assets may be more exciting, no argument there. But trading isn’t only about having fun. You need discipline and to make money in this racket, you need a lot of it. So before entering a trade because of the terms used by some guru or other analysis, simply take a look at this chart below:

S&P with binary options 23-12-2013

Where do you think the market is going?
What do you think is more likely ?
Look at the behavior of this asset and make a decision. Make sure to understand that you can always turn a profit. What you might not be able to do is make it consistent practice. But you need to start with a solid base and these types of trades are the oens you need to seek on an active and daily level.

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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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