Binary options allow you to take full advantage of the performance of the financial markets and to profit from it, whatever the trend, bullish, bearish or side, as long as you implement the right strategies. For this reason, forex – binary options are a perfect match. Forex is the market where currencies are traded, and it is by far the largest market in the world and thanks to binary options, we can approach this market in a strategic manner and not random. A first advantage is that binary options brokers, in comparison to the traditional forex brokers based on CFDs, are much simpler to use.
A second great advantage, always important, is the ability to trade in very short time, even just 60 seconds: into the forex world this type of trading is called scalping and, unfortunately, not all forex brokers allow it. Instead, using 24option as a broker, you can get the benefits of a fast and immediate trading. Without describing strategies based on technical analysis of which you will find explanations on this site, you have to understand how it is easy and intuitive to open profitable positions, simply by looking at the calendar of financial events.
The American unemployment rate rises above expectations? It is not wrong to try to open a bullish position on EUR/USD and profiting in the short term (60 seconds 120 seconds 300 seconds). And this is just an example of a fact that is publicly distributed in major economic calendars with predictions that can make us reflect on how the market will evolve in the future. Undoubtedly, to take advantage of this information, binary options are definitely the most suitable type of investment.
If we make trading we could see a slight surge in the short term, but we don’t know as long as it will last, and if we won’t content ourselves of the earned pipe, we risk losing the advantage of the forecasts provided by the economic calendars. Instead with binary options no matter that the currency pair will rise or fall, he important thing is that in a short time the currency pair take the direction we budgeted. In conclusion we can say that the forex market is one of the richest of revenue opportunities and that binary options are a useful complement to the forex broker based on CFDs to make the most of all the opportunities.