One of the best binary options trading strategies involves looking at major news events and forming a short term approach off of that info. It is a strategy that needs an understanding of trader psychology, and this takes some time to learn well, although for most, the basics are pretty common sense. Let’s outline a brief system for utilizing this strategy. Traders all over use this, but it is at its most effective when you use it with binary options and focus on major stocks. These are the assets most heavily impacted by news, so this is the best place for you to start.
First, pick a sector that you are familiar with. When it comes to binaries, there are many tech and energy stocks right now. Some brokers might offer major financial stocks, as well, but these are much more rare. Binaries are very limited when it comes to asset choice, and while this might seem to hinder you at first, this is a good thing for this strategy. It automatically limits your search and makes sure that you are looking at only the companies that will be the most impacted by big news. Also, remember that the stock market is huge, and this helps you so that you will not just be overwhelmed by trying to figure out where to start [Read more…]