Binary Option – Win money with oil
Oil is a favorite among binary options investors; it is one of the main financial assets and is usually included in diversified investment portfolios that earn higher rates of return. It is essential that traders use a strategy to invest in oil with binary options to ensure maximum profit on their investment options.
Oil, like other commodities, is an asset that currently suffers large increases and movements due to economic crises affecting several countries which directly impact the financial market. Gold along with oil are the most volatile assets, and it is easy to appreciate when traditional assets such as currencies experience a period of instability or decay. Because of this, these assets are called safe havens and are very safe to invest while playing binary options.
Almost every binary options platforms include oil as a main asset, with times of expiration of mainly few minutes or hours. This reinforces the idea that it is essential to have a strategy for investing in oil with binary options and ensure profitability. To increase the chances of successfully investing in oil with binary options, traders should conduct a thorough and accurate analysis of the financial market in order to detect clear trends.
The basic form of binary options Call / Put is still used as a strategy to invest in oil based on global financial announcements. The main objective of the investor is to study the market so it can identify trends and invest according to the resulting analysis. To begin, the trader shall apply the values of fundamental analysis and review the economic calendar to find when reports are published which on their own are directly related to the fluctuation of oil prices, such as inventory of oil, the manufacturing index or currency swings; these are all published within certain periods of time, just like other financial events that affect their value under the principle of asset correlation.
In the case of oil, it is important for example that the trader is attentive to the economy of Canada, one of the largest producers of oil in the whole world and, secondly, the United States, one of the largest consumers of raw material. For example, if the price of Canadian currency is falling in conjunction with the USD, so will the value of oil. For this reason it is so important to constantly study the global financial market and analyze how different factors affect the assets with which we are operating.
After analyzing the financial report and economic events calendar, every binary options investor must interpret its value in order to recognize the direction of the trend and invest properly. If a “-” accompanies the published amount, it refers to a negative value; it will also appear in red on the economic calendar. The binary options investor must interpret this value as a sign of an uptrend, since after this point, it is likely that the value will start to rise again. Therefore, the Call / Put strategy to invest in oil through binary options, the investor must wait a few minutes until the value begins to rise, then open a Call position. If the trader is faced with a positive value of oil when the economic calendar is presented, it is interpreted as a downtrend, so after a few minutes the value should start to drop.