The Australian economy is not as remote or far behind like the continent it stands for. In reality, by GDP alone, it is currently ranked as the 12th biggest economy in the world in spite of its isolation, which makes even the most straightforward trade agreements problematic and drawn-out.
Australia’s economy is focused mostly on the mining, which represents roughly one fifth or 20% of its GDP. If that doesn’t sound all that impressive, you ought to consider the largest share of the GDP is reserved for the service industry, and while services are crucial to a country’s success, they do not act as a financial driving force and many experts do not take them into account as economy drivers.
A great share of Australia’s export business usually heads towards the East Asian markets, perhaps the most viable trading partner, and one that shares many of Australia’s difficulties and needs.
Australia’s greatest economic achievement is an unbelievable and incredible rate of growth, which has eclipsed 20 years of solid development, defying financial expectations. The country has managed to steer clear of recessions, which is a notable accomplishment when you consider that the world has seen at least 2 severe crises in the past 15 years or so.
Australia exports many commodities such as diamonds, gold and copper, and can always be located at the very top any industries related to those commodities, as they all hold a major part in its national economy.
When at least one side of a pairing is so greatly reliant upon physical commodities, you should not be shocked to know that it behaves in a way that differs from other pairings.
Whereas other pairings may demand that you focus on financial announcements and trends on both sides of the pairing, this pairing is distinctive due to the fact that it compounds the trade just a little more by adding yet another layer of difficulty to the already existing banking and financial facet of currency trading – the mining industry and its many offshoots.
Like most US Dollar inclusive pairings, you really ought to consider quite a few factors that go into its economy, data like interest rates, GDP forecasts and employment rates. Moreover, any announcements by the FED to artificially maintain the Dollar’s level at a specific point on the scale, not to mention consumer reports, all of which are quite important to the growth of the US economy.
With The Australian reliance on physical items (such as commodities) to help keep up its financial might and the US side relying far more on reports and financial figures to maintain at least an appearance of balance and strength versus the Australian Dollar and other currencies, predicting this pairing becomes oddly easy.
It turns out that often, these very currencies will balance each other out, the difference at the very heart of their economies appears to act as a balancing scale for the needs of both countries, with supply and demand for various items flowing from one country to the other, making this partnership an ebb and flow of trade, rather than a see-saw, which can work to your favor as a trader.
There is elegance, some would even say beauty to the capitalist method and its simplicity – where there is demand there will be someone to supply it, conversely, if there is no demand, suppliers can quickly be out of luck and profits.
This is really the basis for the EUR/AUD pairing and its success – there is supply and demand on both ends, making trade between the island nation and the distant block of nation quite worthwhile for both parties.
Each side of the pairing brings completely different pros and cons to the trading table. It could be down to geography or other reasons, but as you may predict, they both have needs that differ greatly. Nevertheless, both are able to produce items which the other side is unable to produce at the quantities required: Australia, for example, produces mass quantities of various minerals from coal and copper all the way to platinum and gold, but despite attempts in the last couple of decades, it is still sorely lacking in advanced industries. On the other hand, Europe is extremely rich in multinational corporations that specialize in anything from cars and computers to pharmaceuticals and massive machinery, but it is found in an area that is somewhat lacking in natural resources that are plentiful in Australia.
Those are some of the real world conditions that are the basis for the close contact between these currencies. However, binary option trading operate under circumstances which are often quite different, so one should not rely solely on real world happenings, but take a look at components of binary option trades before deciding on a position.
It is not rare to see this pairing move hundreds of pips during a single day, in any direction, nor is rare for it to make thousand point moves over a single week. Any trader wanting to approach this pairing ought to do so with extreme caution and respect, making sure to set cautious limits on either end of the trade, limits they deem acceptable.
Some of the factors that go into turning the EUR/AUD pairing into such a volatile are the trade balance for both sides, which are quite different in their composition, their respective GDP’s and so much more. The key factor to remember is that while Australia and its currency can be counted on to have a single point of origin for shifts, Europe, its currency and the nations it represents are many, and have a near endless amount of possible reasons to shift at a moment’s notice.
Trading the EUR/AUD pairing can lead to extreme profits, but is not very recommended for traders at the early stages of their career due to the massive shifts and possible pitfalls it often experiences.
Having said all that – keep the capitalist system in mind – where there is demand, there will be supply, and there is always demand for quick profit.
Both sides of this currency pairing have more than a few strong sides but both also come with more than their fair share of financial issues which at times, can serve as a hindrance for their markets and as a result, trade in the entire region. However, all of this should not stop you from considering trading this particular pairing.
18 nations currently comprise the Eurozone and use the Euro as their primary currency, and over 25 nations overall contribute to its ever growing economy, making this region a financial giant that doesn’t take a backseat to anyone.
The Euro comes with great diversity of manufacturing and products which to export to other regions – an enormous selection of farming products and produce, Hi tech industries that include multinational conglomerates all the way through to pharmaceutical giants and worldwide car companies.
Despite being the smaller of the two financially, physically and in terms of population, the UK is not without many sides to make it an attractive trade partner; in fact, it is considered by many to be a leading financial state.
As the home to 4 of the world’s largest banks, the UK can easily be considered a financial center. As a matter of fact, only 4 nations across the globe can boast more banks at the very top of the list, and those countries’ size and population easily eclipses that of the UK. Many experts attribute the UK’s financial accomplishments to the colonies it held in the past. Traces of those settlements can be found across the world, from America, through Australia and to Africa, with many other countries in-between.
Like other pairings, the Euro-GBP pairing also has some inherent problems. The EU’s worrisome point is also its strong point – it is extremely interconnected, and its single block of countries can often be slow and cumbersome when decisions need to be made and directions taken, this could most recently be seen during the financial crisis in Spain and Greece not long ago.
On the other side of things, the UK is very reliant on the GBP thriving in global markets so it helps the country keep its strong financial position. Because it is a nation that isn’t very large in size and has somewhat limited natural resources there is a finite amount of what the UK can produce without support, so for all its former glory and accomplishments it still relies on imports heavily, and if the Pound happens to tumble the UK could face serious issues. Trading in Binary options for this pairing might not be as difficult as you may suspect, as the EUR-GBP pairing has a habit of staying fairly low-key prone to great volatility.
If you’re looking for quick cash and instant profit it may not be the best pairing, due to its mostly subdued nature of trading, but a novice or cautious trader can certainly use such behavior to reap great rewards on this currency pairing.
Pay attention to as many reports and news concerning jobs lost or created, interest rates and any other financial information emerging from the UK or EU and if all goes well, you may be able to achieve great trading success with this pairing.
Both China and the US or any other nation for that matter can’t really match the European block in terms of overall financial might. The US or China cannot even match them in trading ability, consider the fact that free trade between 28 nations with the addition of financial aid when needed makes the EU probably the most powerful financial entity on earth.
18 of the 28 EU member states currently form the “Eurozone” use the Euro as currency, making the financial development potential virtually unlimited. But might alone is not always enough to hold off everything. The start of the global financial crisis around 2007-2008 hit EU nations hard, with Greece and Spain taking the hardest hit, both countries in heavy debt to the EU to this day.
However, perhaps what makes the so mighty is also its biggest vulnerability - the cooperation and interconnectedness on so many levels serves as a benefit most days, but it can also be the root of financial risk for all member countries even if they themselves are not in financial hot waters.
The main goal of every economy is maintaining financial growth, and the EU is no different - working diligently on exporting large quantities of various products from cars to fresh fruits and vegetables are always sent to distant places across the globe, and one of the larger destinations for these exports is Japan.
As you may know from reading elsewhere on the site or across the internet, Japan’s financial policy rests on its own exporting prowess and on the Yen being kept within a certain margin that is comfortable for it (or what the BOJ decides is manageable). With that in mind, Japan still has to import great amounts of products and goods that simply aren’t available domestically, and the EU just happens to benefit greatly from that need.
Similarly to the GBP-JPY pairing in terms of volatility and the required style of trading, if you prefer manageable avenues of investment this pairing may not be for you, but if you’re in the market for some short terms trades wish to increase the potential of those options - this pairing is one of the ways to go. Just make sure you take into account the risk factor involved.
It may not peak at “Widow-Maker” levels, but the EUR-JPY pairing can easily show greatly varying trends within short time periods. Expert brokers claim that the Yen is the more unstable side and the Euro acts as the stabilizing agent, so in principle we have one part of the pair that is unstable and another that’s predictable, which can be a trader’s dream situation, If you can properly predict the market.
Trading the EUR-JPY pairing can be great for your investment portfolio if you closely monitor economic market movements, conditions and stories from the EU and Japan. Like any other pairing covering the Yen, always have an eye in the direction of the BOJ and their interference in the Yen’s price range, the Euro may behave in a more relaxed fashion, but because of its make-up, you need to pay attention to many more details from various countries.
There is great opportunity in trading the EUR-JPY pairing, make sure you take advantage.
Since being introduced on global markets in 1999, the Euro has shown it can be a worthwhile trading commodity and as more countries join the union, it’s overall financial strength increases, causing its currency to rise in value when compared to other world currencies such as US Dollar.
When it began being traded, the Euro was as low as $0.82, however, it has been steadily climbing vs. the dollar since mid-2002, topping out at $1.60 in 2008. Before you can begin trading the EUR/USD pair, you may want to have a better understanding of markets and how they tend to move. In addition, you should be prepared to have a degree of flexibility and open mindedness. With that said, you can find great benefits in trading such a widespread pair: the sheer amount of trades can provide you with many points of entry and exit to suit your needs, and its relative predictability can help you in avoid great and sudden losses.
Before you can turn a profit on the EUR/USD you should probably have a basic understanding of the financial processes affecting US and European Union: movements taking place in both will often have a rapid effect on their currencies. Fortunately, in the information age, knowing when events are set to take place makes trading smartly easier – many sources dedicate countless hours of coverage to important financial events, so being glued to your TV and computer may actually pay off this time!
There is more than one path to take on the way to profit from the EUR/USD pairing: one possible path is to study revolves around the endless cycle of news and information, the rather large time difference between continents means you have a rather bulky window of trading every day with the Dollar beginning its trading cycle right around the time the Euro ends its own.
When you are trying to predict the direction the euro takes, you should have all member states in the Eurozone in mind; an individual crisis in one country can affect the flow of cash in the entire Eurozone – this has been the case with Greece and Spain over the last couple of years.
Any rise or fall on either side of the pairing will very likely be the cause of a contrary reaction in the other: an upcoming increase in European unemployment rates may cause a sharp decrease in the value of the Euro when compared to the Dollar.
On the other side of the pairing – if the US announces it plans on decreasing its dependency on foreign oil, it is seen as a boost to its own economy and will almost certainly cause a spike in the value of the Dollar - new ways of investing money within the US acting as stimulus to the entire economy.
Localized events in the US and across Europe are not the only driving force here - global events of a financial and political nature can also effect this pairing, even if they do not appear to have a direct connection to either currency. Waves from Africa, South America or elsewhere can quickly intensify to an event with substantial impact on Europe and the US.
If you can correctly predict certain world events, or react to them quickly as they happen, you stand to turn a hefty profit on this pairing.
With a nickname like “The Widow maker” this is one currency pairing you do not want to take lightly.
You might be wondering what could possibly cause a currency pairing to be tagged with such a nickname, well, if we were to put it into a single word: Volatility. If you could afford us two words they would be: Unbelievable volatility.
Some currency pairings offer abundant liquidity but aren’t very active, this might be good if you like to plan your moves ahead of time and tend to think about long term profits. The GBP-JPY pairing tends to works the opposite way – a low volume of trading but instability which is often described as “risky”, this can lead to countless profits over short periods of time, but just like everything else – You have to take the risk with the reward.
We would like to point out that this pairing should not to be traded carelessly. If you just started trading binary options and currency pairings are what attracted you, it might be wise to start by trading a slightly less volatile pairing, just until you get to know the way things work. Then, when you have a few trades under your belt, you can move to the GBP-JPY pairing and master the skills needed to trade even the most volatile of pairings.
But there’s also something to be said for training “on the fly” – you can turn profits quickly if you happen to get on a streak. This pairing will likely teach you all you need to know about market moves and how they affect currencies, and it will do so in a hurry.
Like any pairing which contains the Yen, the bank of Japan is almost always the main driving force, with Japan focusing most of its economy on exporting it sometimes struggles to maintain control over the Yen, but always tries to keep it underperforming when matched against other currencies, particularly the US Dollar.
And while that may seem like a valid financial strategy, it can give binary option traders headaches. You can count on the Yen to be kept low, which can help you when making some trades.
However, that constant limitation is the very reason for the Yen sometimes not showing its true worth in markets even when it is expected to do so. Certain events and conditions are estimated to have an effect on the Yen but the degree of the effect can always be canceled out by the Bank of Japan.
In the past, UK-Japan trades were of greater value to both economies. That trend has been weakening due to the growth of the Euro which offers both countries a more desirable trading partner – Japan gets to export to a host of countries with greater financial power, and the UK has a much more convenient trading partner making transportation and handling costs much lower.
Both Japan and the UK still have an interest in maintaining trade relations so they operate accordingly, but the impact on the currency pair itself is not that great. The real gauge here is financial news and the impact those have on each respective currency.
It comes with a fearsome nickname, but there is no need to fear “the widow maker”, with a little experience you can trade it to great profits.
When a transatlantic steel cable was positioned between the US and the UK in 1858, it was used to transmit telegraph communications between the two nations; among the many messages relayed on a regular basis was the currency exchange rate for both Dollar and Pound.
Those days are long gone, exchange rates are now transmitted fiber optic cables and satellites, but for some odd reason, the nickname for this pairing has stuck, so when you’re talking about trades in the GBP-USD pairing, you would normally refer to that pairing as or “cable” or “the cable” .
Just like other currency trades, the Pound has the upper hand in this pairing, it usually trades in the vicinity of $1.5 per £1, this kind of a gap between two of the most commanding currencies often results in immense shifts which can be hazardous, but, if you can properly “read” or predict the market correctly, those shifts can result in great profit.
The Dollar/Pound pairing may not have the same great liquidity of the Euro/Dollar but it does offer other profitable opportunities, for example: the Pound tends to be unaffected by most global events, sometimes even ignoring European happenings due to the fact that the UK is not really a part of the Eurozone. It has managed to avoid and continues to avoid a great deal of the financial issues and debts that still have an impact on Europe.
The UK economy is seem as durable and strong for the most part and geographically is only second Germany’s financial might, but there are signs presenting that the UK is in the process slipping into some sort of a recession.
The word “recession” is often sufficient to reduce experienced traders to tears, and if that isn’t enough, the UK has quite a debt load, and while these factors sound intimidating, there are also other factors at play. If carefully considered, those factors can help you achieve great profit.
The Pound is thought of as being sensitive to most major announcements from the bank of England, so any upcoming rate changes, if read in time can be made into substantial profits.
Similarly, the Dollar tends to be sensitive when major economic news comes out of the US. With great attention needed for any reports about unemployment, GDP, and retail sales in particular – they tend to be primary indicators for market movements. If you can correctly predict upcoming movements you can avoid any snags.
When you feel you have sufficient understanding to trade this currency pairing, your primary source of information can be different media outlets across the internet or television, especially when different reports are due to be released, this tends to be the time when great deals can be found and profits made.
Following the news regarding such reports can be the key to your success. If unemployment goes down in the UK, it should cause the Pound to fortify its position against the Dollar, and any decreases in the US’s debt levels will likely be the start of a similar rise in the Dollar’s influence.
So stay close to your information sources, start making some quick moves when the market is ripe and you could be in line for some great profit.
Gold has long been considered to be the most valuable of all metals if not all materials. Even before 2600 B.C gold was being used by Egyptians as a currency, and was trafficked between kings & countries.
As years passed the means of gold trading have been advanced and it is now primarily used for in creating jewelry (roughly 50%), investments (40%) and a small fraction (10%) have various uses in industries.
The most commonly used technique for determining the price of gold was fashioned in the early 20th century and it was named London gold fixing. Under the system, representatives for 5 major gold trading companies held a phone meeting twice a day and determined the price per bullion until the next meeting.
That system was replaced after the end of World War 2 with the Bretton Woods system, but Bretton Woods way lasted the same amount of time and collapsed in 1971 when the USA, in what was called the “Nixon shock”, stopped converting the dollar to gold and moved to a flat currency system. Other nations quickly followed suite, with the last currency to be detached from gold being the Swiss Franc in 2000.
Like a great deal of commodities, the price of gold is driven by the most straightforward economic principle – supply and demand, and by speculation on both. However, gold also differs greatly from other commodities due to the fact that a great deal of it can be consumed in other ways – gold jewelry for example is often repurposed in other ways, so unlike other commodities - gold is never truly “spent”.
The fact that gold does not earn interest often ties it to interest rates, so if interest rates rise, gold would usually fall, and vice versa, for example: numerous financial signals in Australia indicate the possibility of inflation, the central bank may choose to raise the interest, which should, in theory, cause a decline in the price of gold, all just so they can subdue inflation.
Trading in gold requires a certain level of understanding in international economic conditions such as Energy prices, Interest rates, Inflation and GDP, all of which can have a direct effect on how the price of gold shifts, but other factors can come into play.
Such a factor is the yearly analysis of supply and demand on a global and country specific way; it seems rather unlikely for the supply of gold to fundamentally change in the immediate future. However, at its very nature, gold is a commodity, and commodities can be bought or sold by private companies or individuals, which can cause quick shifts in its price with investors deciding how to react to those shifts.
The basic trade type also applies to gold trading: the simple High/Low trade. With this type of trade you simply need to predict if the price at the end of the contract will be greater or lower than at the start of the contract, other types of trades include: Touch/No Touch and In/Out trades.
When you trade gold you can observe events happening around the world and harness them to your advantage, trading before, during or after those events actually take place.
Events such as these occur on a daily basis and you could potentially use each of them in your trading.
There are many factors that go into successfully trading gold. You should be prepared for risk and opportunity, but an experienced trader can profit greatly from this ancient form of currency.
- Gold vs Oil
Even within the binary options world, there is a lot to be said for trading commodities over other assets.
When you trade stocks, currencies and Indices it is often a very speculative kind of trade. Even though the assets may be tied down by real world events that affect their prices, the fact that they represent something that is not really finite makes their hold on real world not as powerful as that of actual commodities.
Binary options provide you with a chance to trade many kinds of commodities, from silver and palladium to platinum, copper and many more, but no two commodities carry more weight and importance than Gold and Oil.
Both Oil and Gold have been sought after for thousands of years, for somewhat varying reasons, but the demand has always been there, and with good reason: Gold has always been seen as the premier form of currency, and quite possibly was the very first currency. It continued to be a critical part of the world monetary system until the 1970’s when most of the world made the gradual shift to detach itself from its gold reserves. Some countries were more reluctant, but eventually, a complete break was achieved.
Oil has also been in use for many years. Early on, it was used exclusively as a combustible element, for heating and often as a weapon of sorts, though in the last century it has become much more valuable as a source for fuel. Hence, most forms of transportation rely on a fuel source which is derived from oil, creating yet another market for this commodity.
Experts claim that there is a direct relationship between the price levels of both commodities, and that is often the case, which makes the two a very natural pairing to trade. Those that support the link between Oil and Gold paint a pretty simple picture to grasp: because Oil is used as a fuel source, it accounts for a great deal of shipping costs for many companies, and it also serves us by fueling our cars and airplanes.
As a result, when the price of Oil rises, the costs involved with shipping goods, buying fuel or even traveling to a distant vacation all rise because of it, and rising prices can also be described in another fashion, with one simple word – Inflation.
While ordinary traders may cringe at the sound of that word, binary option traders know it is nothing more than another opportunity to trade and profit.
When inflation is on the rise, it tends to cause a distinct rise in precious metal prices, as people tend to “escape” the uncertainty of currencies in favor of more solid investments like silver, platinum and gold.
In essence, what you as a trader have here is a very real chance to double your profits. While the link is not always direct, nor is it 100% certain, there is a very distinct tendency for Oil and Gold to follow in each other’s footsteps. As a trader armed with that knowledge you can first make a trade on oil and follow that up with a similar trade on gold knowing that more often than not, one will follow the other in the same direction.
The Google name has become nearly equal to running a search on the internet, it has actually reached a point that it is so widespread in use that often, people won’t even say something like “I’ll look for it” but going for the newly minted term – “let me google that”.
The fact that such a term can become so widespread in such a short period is a clear sign of how deep Google has ingrained itself in our day to day lives. However, Google’s influence doesn’t end there, that is just the beginning for a force that is more obvious than you may think.
When Stanford students Sergey Brin and Larry Page founded Google their mission was to simply “organize the world’s information and make it accessible and useful for all”. As the company continues to grow, it seems that the mission is ongoing, expanding and at least so far has been quite a success.
The google search engine will forever be the first product released by the company, but Google has started developing many other products and services, such as: Youtube, Gmail, Google drive, Google + and others are all web-based. Google not only offers different platforms for such services, but has branched out into physical products such as mobile phones and tablets.
Google’s influence in the real world is mostly noticeable in its Android mobile operating system, that runs on roughly 80% of smartphones around the globe. Google now has over 50,000 employees all over the world, 70 offices in over 40 countries and it is still growing and expanding various locations. Google’s infrastructure is also “home” to over 1 million data in countless global locations, those centers presently handle search load exceeding 1 billion searches requests every single day, producing over 25 petabytes of information.
Google’s IPO took place in 2004 and signified market capitalization in excess of 23 billion dollars; a number that seems to keep growing every day and currently sits just north of 400 Billion dollars.
With its great size and multiple areas of expertise, you would not be faulted for being careful before trading in Google binary options, but you shouldn’t let its size fool you – there’s nothing different about trading Google binary options than there is trading the binary options of any other company.
Be mindful of the usual issues at play - pay close attention to purchases, issues about company stock or earnings reports on the financial side, and make sure you keep up with changes happening in the mobile world on the technological side of things. All of those and more can have serious impact on Google and its many holdings.
It may be a company based in technology, where basic technology option rules still apply to trading, but Google’s size merits at least some consideration, as this giant of a company has had clashes not only with rivals but also governments all of whom were after Google’s data, for whatever reason.
If you wish to trade Google binary options, you only need an account with iCoption, the information on how to do it successfully should be easy to come by.
- Crude Oil/Petroleum
It is to say that Oil is the most valuable commodity on earth and to be correct. While it may not be as expensive as Gold or as rare as other valuable metals, it is, by far, the most used in our lives, giving it an extremely high value. They do not call it “black gold” for nothing.
Perhaps more than any other product, one should have an understanding of several key factors to avoid any integral risks that come with trading such a complex commodity.
Oil prices are generally divided in two – WTI and Brent. The differences between the two relate to their composition and places in which they are produced. They are usually quite similar in pricing, but the differences can cause some issues, so you should be aware of which type you’re trading.
Oil as a product has uses in many forms: fuel to run our automobiles, jets and other machines, heating to warm our houses in winter and cook our food are but a few.
As dependency on Oil has increased over the years, so have its prices, and while alternative energy solutions are being sought after constantly, none have proven to be as viable as Oil has, which in turn has only increased the demand for it.
To “master” trading in Oil binary options, one needs an understanding of various macroeconomic conditions, examples from recent memory include the World financial crisis, which was at its peak height between 2008 and 2010, as well as civil and political unrest in Arab nations from Libya to Iraq around 2012 and the tensions between Russia and western countries in 2014.
The most direct effect a financial crisis can have on Oil prices is quite plain to see and easy to understand. In times where vast markets are in decline, many investors lose handsome amounts of money, this is not only limited to individuals but also to large corporations. If that money is lost, at least partially, income for many households declines rapidly. The direct result of lost income is usually large purchases such as new cars, and if less cars are purchased they use less fuel, which, as you might know is derived from Oil. But even more basically – fewer households can afford the price of heating in times of winter, which, again, is derived from Oil.
As with many other commodities, political and civil unrest tend to greatly effect Oil prices, this was the case around 2012 when massive unrest in Arab nations caused a spike in prices, probably due to countries such as Egypt, Libya & Iraq to name a few, hold a massive amount of Oil reserves.
Political tensions between Russia and western nations, along with dropping US dependency on foreign oil supply led to a sharp drop in prices in 2014 as oil reserves worldwide exceeded demand, and many companies and economies took hard tumbles.
If you can keep track of all the moving parts that go into trading oil you could be greatly successful at it and turn a profit on a daily basis.
The binary option world is part of the business world, so it makes perfect sense that it would follow many of the same rules that the business world does. One of the most important rules in business is quite simply this – Knowledge equals power.
The basic rule is the same, but at ICoption we adapted that saying just a little to better show what we mean and how we act, with ICoption knowledge is money.
It really is very simple the more you know, and the earlier you know it, the more educated your trades will become, and when your trades become educated you can only profit from them more. Instead of reacting to events you can learn to predict them, instead of executing a trade after a big announcement and catching only some of the market movements you can be there in time, and if you’re smart and quick enough, even ahead of time, making the most out of every recommendation that is given to you.
That is what signals mean to ICoption – it is a recommendation that can improve your knowledge of current financial events and your ability to be there in time when the next big thing happens.
ICoption’s brokers are some of the very best around, and they use the very best sources of information. When they spot a financial event that can move markets and impact trader’s accounts, they will send out a signal, that will really be a recommendation on what to trade and when to do it.
Think of these signals as your own private financial information network: we will go over dozens of websites, watch hours of video and tap into every source of information possible, all so that we can gather up every important bit of information and bring it to you in just a couple of sentences.
From that point on – it is your decision how you wish to proceed, will you follow a recommendation to buy gold binary options because of rising unemployment in the US? Or will you seek to sell Facebook binary options because we just informed you of the fact that their most recent report will indicate a decline in advertising? The number of signals can vary from day to day, but they aim to do exactly the same thing – a glimpse into the financial future. All you need to do now is position yourself correctly and the profits could be all yours for the taking.
Silver has been considered to be one of the more adaptable metals for a rather long time; it is used in varied fields from medicine to jewelry and from photography to investing, to name but a few.
Some of the earliest uses for Silver were as a form of currency which originated around 700 B.C and grew alongside gold as time went on. Silver was usually considered the lesser of the two, but it benefitted from greater use because it was somewhat easier to produce in those ages. This form of currency was still around during the 20th century, when many governments still used it to mint coins, most famously in the US, where the Dime & Quarter were made of Silver until the 1960’s.
During the last few decades the main uses for silver have changed and seem to have settled on various industrial uses with some 40% of yearly production going to those areas.
Towards of the end of 2013 the global silver reserves were assessed at just over 500,000 tons, down an approximate 10,000 tons from late 2011.
Just like Gold, Silver is also used for investments across the world, with trading usually hinging on the field - production, reserves or consumption and any futures market for those areas.
Silver is primarily produced in Australia and a handful of central-south American nations and is widely regarded as a great enhancement to those economies, even though most mines are privately owned the workforce itself and surrounding industries tend to have a desired effect on any silver producing area.
With Silver’s lower deal volume (when compared to gold) there us a greater chance for market stability, with less for sweeping shifts in pricing, which can be a great luxury to some traders.
With the recent deterioration of traditional photography and the move to digital photography, Silver no longer has any practical use in that field as it once did. However, other parts have grown in to compensate for the loss and in helping to keep a certain price level which usually hovers between $15 and $20 per ounce.
In almost complete opposition to company stocks, trading Silver mostly hinges around the supply and demand of entire industries and applications, while relying less on any singular company’s fortunes.
For example – if you want to start trading Silver options, you might need to acquaint yourself with all the different ways silver is traded - they aren’t limited to just the metal and have an impact on the overall price in the market.
You can trade mining companies, Silver certificates, Silver Bullion and the Swiss government still offers Silver accounts to this day.
You may still need to keep track of a small number of factors when trading in Silver options – foremost among them is any shift in the global reserve levels. Those are changes that tend to have a near instant impact on market prices, you may also want to educate yourself further on the main and secondary uses for Silver and keep an eye out for any shifts within those auxiliary markets.
Keeping close watch over these areas can lead to a long lasting and very shiny career in silver binary option trading.
- Stock Trading
When you trade binary options, the assets you trade can range between indices like the Tadawul, commodities like platinum and copper all the way to currencies like the British pound and the Russian ruble and even stocks from gigantic companies such as Facebook, Alibaba, BMW, Coca-Cola or Gazprom.
When you open a position, what you’re really doing is investing your funds in a contract (that’s how we usually refer to it in the binary options world) that has a precise expiry date and time (which often ranges from short trades that last minutes to hours all the way to trades lasting days and weeks). If your investment happens to come through, you already know exactly how much you stand to make ahead of time, even before the trade actually gets underway.
In the real financial world, stocks and the assets that come with them is often the field for people specializing in million dollar deals with well proven knowledge of financial markets and conditions, but binary options trading has changed all that in a hurry – trades can now be done by anyone that has internet access, some money to fund a trading account and a desire to improve their financial status, and trading binary option stocks also happen to be far easier to execute.
When you trade binary options on any stock, all you really need is an active computer that has internet access and a credit card from which you can make deposits (not to worry, we do provide other deposit options if you happen to prefer them), once you have those ready to go you can open an account with iCoption and start trading in mere minutes.
There are many ways for you to profit from binary option stock trading, but probably the best of ways is to stay tuned to information sources – the internet is a great source for information – there are many financial sites that update information in near real time, and keep up to date with news and happenings from companies across the globe.
Financial reports, earnings reports, sales and acquisitions are all reported at record speeds these days, and because your trading account is online, you aren’t too far from your primary source of information, which is great!
Keep your eyes open for any kind of important news, financial or otherwise, keeping in mind that those world events can often affect countries far away from the actual happening and also companies that have trade relations with those countries. Large corporations can suddenly break news on a new project, an exciting purchase or bad earnings in the past few months, and these things usually cause market prices for that corporation to shift within moments, and if you’re there when it happens – the profit is yours for the taking.
That is just one way to profit from trading binary option stocks, and there are plenty more, iCoption can help you learn even more ways to create profit for yourself, join now and see how!
If we leave China and the EU out of the mix (according to estimates for the 2014 financial year), the biggest economy on the globe is that of the US, so it should hardly shock you to know that the Dollar is the most popular currency for trading. Hence, when the Dollar is paired with or against other currencies, they can be boosted by its relative power and that of the US economy as a whole. There aren’t many currencies that are on-par with the Dollar in terms of the strength they signify, but the Yen isn’t just any other currency.
As always there are varying factors you should think about before executing such trades in currency pairings binary options, and the Dollar-Yen pairing is no different though the sheer size of nations involved can be misleading.
As most traders know exactly what kind of impact the US economy has, but some might not know that the Yen offers a very unique set of circumstances, and that its own strength is comparable and sometimes exceeds that of the mighty US Dollar.
Not long after the Second World War, with loss of life and destruction being apparent to anyone that looked Japan succeeded in rebuilding itself as a country that eclipses all others in terms of production per capita. Japanese leaders used traditional values such as dedication and hard work to harness the masses and to aid in the nation’s recovery from near financial calamity. During the decades following the war, Japan delighted in a period of extraordinary growth, carrying it all the way from a nation in ashes to a global leader in many economic fields.
That period appears to have waned in the last couple of decades, but Japan has not let go of its leadership position. It appears that it simply caught up to its own ambitions, sustaining such growth is difficult enough over a single decade.
The biggest obstacle to Japan’s ongoing growth appears to also be the very thing that has kept it afloat all these years – the Yen, and its own export first policy. While that might not seem like such a dire situation, consider that it does have an everyday impact on how the Yen trades versus most currencies.
The central bank of Japan has a policy of constantly devaluing the Yen versus other currencies. This is done to boost sales of Japanese goods overseas, and while the policy is mostly sound, at times, it encounters “bumps” in the road, and when it does, the impact on Japan tends to be unpredictable. The Yen tends to respond quite poorly to such movements and other currencies usually use its downward trends to their advantage. The good thing about such trends is that you can take advantage too.
Trading binary options on the Yen-Dollar pairing is not as difficult as one may predict, as the equation tends to be easy to predict - one side of this pairing is likely to move in a certain direction and once that happens, the other side will usually react in an opposite fashion, making your profits much easier to turn.