Binary options strategy: Which asset should you chose when trading in binary options? (Part 1)

asset-binary-option-strategy-tradingThe websites of different brokers offer a large number of financial assets upon which it is possible to speculate. Among these are raw materials, stocks and currencies – the choices are numerous. Which one do you choose?

The choice and numbers of the financial assets prove paramount. We suggest two strategies: The first is to select a single asset only, which will be discussed in this article. The second strategy involves selecting several assets based on real-time events: this will be discussed in the second part.

Choosing a single asset enables you to regularly follow the important events that determine its’ fluctuation. When concentrating on one particular asset, it is easier to anticipate its’ variation following a major event. This event will have a greater impact on the selected asset and its’ category more so than another asset.

It is strongly advised to concentrate on an asset sub-category rather than the whole category. If, for example, you decide to trade in raw materials, a significant weather disruption will have more impact on agricultural raw materials than on raw materials like petroleum, gold and silver.

This article is the first part of a series dedicated to selecting the asset. Read part two on our blog as of tomorrow!

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