Binary options 24h system free 60 second15 comments
X binary options strategies 2015
As far as the fundamental principle behind the trading of gold is concerned, it is due to the continuous change in the perception of gold as the ultimate store of value. After all, there is a finite amount of gold in this world and people believe in its value.
This is the reason that people invest in gold during economic downturn. During the European debt crisis that lasted from — , there was a lot of money spent for buying gold and consequently, it led to a huge rise in the price of gold. The perception of gold as the ultimate store of value has been there for centuries and it is not going to change soon. There are a number of assets being traded in the binary options market and gold is a popular asset as far as commodities are concerned.
The binary options markets provide retail traders a much less stressful and a lot cheaper way of trading this community. In the futures market, a retail investor not only needs a lot of trading capital but also high leverage and that makes trading a costly affair.
In other words, most of the retail traders cannot afford to trade in the futures market. Almost all the binary option brokers offer trading in gold on their platform. One does not need to worry about the contract size, margin or leverage. In other words, a trader has to buy at least this much contract for gold in the futures market. The price of the futures contract is determined by the cost of gold at that moment. The trading amount that can be upped as the trader gains experience.
In other words, binary options market allow traders to make huge profits that are similar to future traders but at a lesser risk and lesser cost. First of all, trader is required to open a broker account with one of the binary option brokers that also offer gold as an underlying asset for trading.
Once the trader has filled up the online account opening form, he or she will also be required to provide a proof of address and a proof of identity. The identity proof can be in the form of international passport or national ID card whereas the address proof can be in the form of a bank account statement or a utility bill. After account activation, the trader can begin gold trading on fundamental basis as well as technical basis.
Here is an example of technical trading made on underlying gold asset using various technical charts. The above chart shows the value of gold in a trading pattern. The chart, which shows a downside bias in a symmetrical triangle, can be used by the trader to wait for some time until the underlying asset moves beyond one of the trend lines. In this case, it is the lower trend line. Since this is a daily chart, the trade can be expected by the trader to last for some time.
Therefore, a PUT trade with an expiry of around 48 hours should be profitable for the trader. In the binary options market, traders are more likely to find trading opportunities using the technical trading setups shown above as compared to the fundamental trade setup. Gold Trading in Binary Options There are a number of assets being traded in the binary options market and gold is a popular asset as far as commodities are concerned.
Gold Trading Process in the Binary Options Market First of all, trader is required to open a broker account with one of the binary option brokers that also offer gold as an underlying asset for trading. Gold Trading Chart The above chart shows the value of gold in a trading pattern. Add Your Comment Click here to cancel reply.