A helpful technique recently provided by those at Binary Today, is to watch press releases. Historically it’s just been news, but this latest information is providing some interesting insight and techniques, so I thought I would share some of the basics with you today.
Binary Options Press Releases
The monitoring of timed press releases is one of the easiest ways to spot a potential shift in market sentiment in advance. Though they frequently relate to companies, and therefore stock, they can also be in relation to any of the major asset classes. There are only a few steps required of binary option traders who wish to profit from the release of financial news and information.
The first of these steps will be to make use of an accurate economic calender which includes the dates and times of major press releases. Since not all companies or entities will release financial data on the same day, each trading day could bring with it new opportunities to profit. Knowing the timing of the release of such information is critical, as binary options trade execution will need to be completed in a timely manner. You can also monitor Binary Today, as the traders will frequently mention elements like these in the comments section.
One of the systems that takes advantage of this technology is Binary Today Trader. Here’s a great video to show you how that works.
Press Release Technique Continued
All financial news will impact the related underlying asset in some manner. Before this occurs, however, there is likely to be a lull in the market in regard to the specific underlying asset which will be reported on. During this time investors may be waiting on the report before determining what their next move will be. This can create stable conditions for a period of time, and in itself create a potentially profitable opportunity when using boundary, range, or no touch binary option trades.
Once the information has been released, expect to see some increase or decrease in the underlying asset price. The amount of movement will be determined by just how positive or negative the information was. Positive reports generally bring an increase in asset price, while negative reports typically cause just the opposite. Either way, the binary options trader can profit should the correct prediction be entered.
Expiry times can be extremely important when trading around timed press releases. Shorter expiry times should be opted for, as it it will be hard to determine how long any trend will be in place. Though a breakout of historical high or low price points can occur during the time just after a press release, support and resistance must be considered. There will always be some limits in regard to the highest and lowest price points that will be realized.
Binary option strategies can be applied when trading around timed press releases, however, basic trade types will also work well with no strategy required. For novice traders, some practice may be required in order to master making the most out of the profit opportunities presented by market news. Those new to binary options trading may wish to paper trade and test the potential outcomes of trades made just before or after the release of financial data.
If you ever need any help trading binary options, I recommend that you go to Binary Today. This site is packed full of information that can help you become a better trader.