Tips for newbies

DavidJ

Hello everyone!

I will share to you guys some good tips before entering the market-

To develop a successful fixed return options strategy, there are certain key factors you must always consider:

Keep up-to-date with global news

Never focus on one place for too long, remember we are all being impacted by what is going on around us.

For example, if there's a news update signifying that the euro zone finance ministers will continue to support their financial rescue plans for Greece in the next four months, you should already be in a position where you can anticipate the impact of this news on assets. In this example, due to an increased certainty of a more stabilized Europe, stocks increased in value and reached record highs.

Remember, wealthy traders become wealthy by correctly predicting the outcome of news on the markets, this is their forte.

Keeping up to date with the latest news is essential to making informed investment decisions. There is no such thing as an A to Z binary options strategy book that shows you exactly what assets you should go for. The point is that assets are volatile and their trend change depending on various factors, which is why you have to continually be prepared to change your decisions based on the information you are receiving.

Know Your Binary Options Analysis
Now it is worth mentioning that many beginners struggle to pick out the news that can impact the markets. This is key if you want to develop a winning binary options strategy. So, what data is a market mover? Well, you should know that the US employment numbers and the interest rate decisions from the US, Great Britain and Japan, will always have an impact on the markets.

These binary options tactics can only work if the trader knows the exact release time of this invaluable information.

The idea is to look at the Forex trading charts 10 to 15 minutes before the release time, and then keep an eye on the hourly charts. You should then identify a buy stop and sell stop 15 points away from the high and lows of the exact past hour. If the high or low marks have been crossed, then you must set new high or low control limits. As soon as the price passes the high or low plus 15 points control limits, you need to quickly enter your binary options platform and place the relevant call or put trade.

Although an expiry can vary from minutes to hours, it is best that you do not go past an hour as the markets can normalize after such a shock. The above binary options strategy is more than some sort of a binary options cheat, it is a way to consistently make investment decisions that take into account present market data. This method is known to have a very high accuracy level (75% +).

WorkingActor

Thanks. I was literally coming to the forums now to ask this very question, because I was unsure of what news to follow, and the impact it would have.

The_Geek_MH

it really depends on what asset you are trading, and what the trends are. Some news is specific to a currency, or currency pair, or to a market or country and may not move other assets. At the same time what was once an important measure, or unimportant, may become the opposite when market conditions or sentiment changes.