Tuesday, October 11, 2011

Binary Trading with high-priced commodities

Binary Options Trading Sunrise - YAAAWNNN
As a professional binary options trader, I get questions from readers all the time asking me about trading binary options of gold and oil, which are two very bloated and overpriced commodities that can fall in value or gain value very quickly, and at any time.

The truth is that you should treat binary options of gold and oil commodities just like you would with stocks or currency (cash). With the bold exception that you if you notice a trending pattern, jump on that train, and by that I mean buy that option for instances where the graph is just very predictable. Binary options trading is all about predicting the market correctly, and gold and oil offer that prediction as they react to market news or other conditions.

One thing to avoid when trading binary options of gold and oil is that if one of those commodities is somehow involved in the news, then I would recommend only short positions, and avoid long positions