Big Market Events | React quickly and win big

Big Market Events

Big Market Events

Big Market Events

Big market events have a profound effect on financial markets around the world: they provide traders with new information, allow for new trading approaches to become completely viable and they can dramatically affect assets’ prices. Furthermore, events of this magnitude can often provide skilled traders with a great opportunity to make some significant profit, especially if one can correctly predict their consequences. This also means that this profit can be made quite quickly, since in the aftermath of a big market event an asset’s price can change significantly in a very short period of time. We are here to discuss which binary options strategy would be most appropriate during such an event and how to implement it in the best possible manner.

Big Market Events | What do you need?

One of the most essential preconditions for making money from big market events is having the right tools. Economic calendar offered by our Binary Winners Club is the most important among them because it shows you exactly when an event will unfold. Next, you want to know which Causes of market movements will affect you the most, meaning that your binary options strategy should focus on following the most relevant news without wasting your energy on irrelevant information. News can be planned or sudden, but you obviously can’t base your binary options strategy on the latter. Planning ahead is vital and, once again, this is something economic calendar can help you with a great deal. This way, you will know how to react once a big market event occurs and you will be able to quickly seize the opportunity.

Big Market Events | How to approach them?

Experience will always be the basis of your binary options strategy for big market events. With time you will learn which news to follow and which you can skip, so you will consequently develop your own pattern of necessary moves before every event. However, be aware that all news eventually become obsolete, so reacting quickly becomes vital. This is why setting a long-term expiration date when trading on big market events is not a sound binary options strategy – the news often come one after another, sometimes within the same hour. For example, if a country’s export drops significantly, so will the value of its currency. But if the country’s government reacts quickly and issues a statement saying they have a plan to address this, then the value will bounce right back, sometimes it may even rise more than it had dropped.

Big Market Events | Conclusion

So if you want to trade on big market events, experience and careful planning must be the basis of your binary options strategy. You will need time to distinguish relevant news sources from those which have no impact on the asset you’re interested in. Collecting information is a vital part of this kind of trading because you must be able to predict how an event will affect the market and react very quickly in order to take advantage of your knowledge. If you can do that, sky is the limit.


FURTHER READING:

1. Binary Options Trading Strategies (Alex Nekritin – 2012)
2. Step By Step Trading (A. Elder, 2015)
3. A course in financial calculus (A Etheridge – 2002)
4. The Ultimate Trading Guide (J. Hill, G. Pruitt, L. Hill, 2010)
5. Market Wizards (J. D. Schwager, 1989)

 

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Author: Ben Prescott
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