Archive for learn binary trading

Binary Betting – Equities & Forex Markets Fall

Thursday, February 4th, 2010
NZD/USD daily forex chart

This afternoon’s higher than expected US Unemployment numbers which came in at 480,000 against a forecast f 461,000, have triggered further selling in both the global equity and forex markets, with commodities also suffering as a result.  In late afternoon trading both gold price and crude oil were sharply lower, breaching various key technical levels as a result, mirroring the FTSE100 and DOW 30 which were also marked lower as a result. On the forex markets the two biggest losers were the Aussie dollar and the New Zealand dollar, both of which have been under pressure since the turn of the year, as speculators bale out of the carry trade and panic sell the currencies as a result. In binary trading today we saw the NZD/USD currency pair break below the key 0.70 level, and as  s result now offers excellent longer term trading opportunities for binary betting on the short side of the market. With strong potential resistance now above, we have a deep and sustained areas of price congestion, which should prevent any short term pullback from gathering momentum. My suggestion is to therefore look for no touch and barrier trades moving forward based on this technical break.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting Tips – 4th February 2010

Thursday, February 4th, 2010
Daily Candle Chart - NZD/USD Trading Analsysis

Candle Chart Analysis - NZD./USD Daily Chart

A relatively quiet start to trading this morning for binary betting ahead of today’s busy economic calendar, and in the forex markets there is a sustained and clear move away from the high yielding currencies of New Zealand and Australia. In early trading today the New Zealand Dollar vs US dollar pair is down by 0,75% whilst the Aussie dollar agains the Japanese Yen has fallen by 0.5%. The Aussie dollar came under further pressure today with the release of the retail sales figures which came in worse than expected at -0.7% against a forecast of +0.3%. At the same time the New Zealand Dollar fell following release of the Unemployment figures which came in higher then expected at 7.3% against a forecast of 6.8%.

With sentiment now turning against these high yielding currencies as the carry trade speculators begin to panic and sell off in ever larger volumes, today will be seminal for the NZD/USD currency pair, as technically the pair are balancing on the edge of support in the 0.70 price point. With the level of news today this could trigger a break below, providing several binary betting opportunities as a result, and for fixed odds trading I would suggest a double down bet as the best trading strategy for today. Longer term, if this support region is penetrated then a no touch bet at this level would then be the appropriate binary betting strategy.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting Tips – 1st February 2010

Monday, February 1st, 2010
pounds vs dollar daily candle chart for currency exchange rates

Pound vs Dollar - Daily Candle Chart 1st February 2010

The US stock markets closed last week with a heavy bout of selling with the most significant falls occurring on the Nasdaq 100, with some of the largest blue chip stocks such as Google, Apple and Microsoft being the biggest losers on the day. Apple stocks were under pressure all day following a less than enthusiastic response to the new Ipad, which received mixed reviews. For technical binary betting traders, the 1735 level looks to be a possible area of support and therefore I would suggest that this could be a good level for a No Touch trade in the next few days.

Moving to the forex markets, the biggest losers in the last few days have been the traditional carry trade currency pairs, which are now well off their peak levels of early January. For new currency traders, the carry trade involves trading a low yield currency, such as the Japanese yen ( or more recently the US dollar), against a higher yielding currency such as the Aussie dollar and New Zealand Dollar. Whilst the carry trade may appear to be a relatively low risk trade, in the last few months these speculative trades have become have become heavily oversold, with the currency traders leveraging positions ever higher – these positions are now starting to unwind quickly, with relatively small moves in the currency causing panic selling as a result. The net result is the Aussie dollar and New Zealand dollar have fallen sharply from their peak at the start of 2010.

For binary betting today, the UK pound is selling off heavily in the market as we approach the floor of the recent sideways consolidation, and should the 1.58 level be broken in the next few days, then this could signal the end of this trending channel with a deeper move lower possibly to retest the 1.55 or even 1.50 level in due course. My binary trading tip for today is to look for trading opportunities in the pound vs dollar as we break below the 1.58 price handle, which could happen later today.

What is the best platform for trading the financial markets?  In my view it’s Metatrader 4.  Download your free demo copy of the metatrader 4 software by clicking on the following link, download metatrader free, and get started today.

Binary Betting Tip – 30th October 2009

Sunday, November 1st, 2009

Aussie Dollar - Daily Forex Chart 30th October 2009

Aussie Dollar - Daily Forex Chart 30th October 2009

Binary Betting News

Financial markets can be a fickle friend and yesterday was no exception. After big falls on stock markets the day before, the door was open for a sustained sell off. Instead, it seems that the Dow Jones  had fallen just enough to tempt buyers back into the market. The catalyst was a surprisingly robust US GDP report, which not only showed that the world’s biggest economy had returned to growth, but also that the pace of the recovery has been faster than forecast. Some of this growth can be attributed to government spending and inflation, but markets didn’t care. Investors went on a buying spree with one market fuelling another. As optimism flooded back into the markets, the yen was unceremoniously dumped as investors looked for better returns in more risky assets. The day’s biggest movers were the AUD/JPY (Aussie dollar/Japanese yen) and the EUR/JPY (Euro against the yen). In early trading today those moves are unwinding slightly but it would take an exceptional day for all of yesterday’s gains to be eroded.

What’s hot?

The Yen: USD/JPY, AUD/JPY, EUR/JPY & GBP/JPY

Binary Betting Tip

The Aussie dollar staged an impressive and unexpected recovery, wiping out all the previous day’s losses in one frenzied session. With commodities bouncing back, it could be a good time to use No Touch bets on the AUD/USD with the trigger set below current levels

Binary Betting Market Movers

It’s a busy day out there today with a number of potentially market moving events. However there are two top tier events with the first being the release of the latest UK house prices from the Nationwide. Analysts are expecting a slight dip compared to last month. Watch the GBP forex pairs for any reaction.The second economic announcement of note is Canadian GDP. Analysts are expecting slight increase on the previous month so keep your eye on the USD/ CAD for any reaction.

In order to provide you with more help with your binary options trading I have recently added many new features to the site including live currency charts, the latest currency news and fundamental analysis on video every morning, live commodity prices, stock charts and index charts, along with a national holidays calendar, and finally if you are looking for a good ECN broker then please just follow the link.

Binary Betting Tip – 29th October 2009

Sunday, November 1st, 2009
Euro vs Yen Daily Currency Chart 29th October 2009

Euro vs Yen Daily Currency Chart 29th October 2009

It is often said that financial markets go up stairs, but down escalators and today was a good example of this in equities. Throughout October, markets like the FTSE 100 spent a lot of time grinding their way higher, only for these hard fought gains to be wiped out in a couple of days. After making fresh new highs for 2009 in October, most major indices such as the FTSE, S&P500 and Nasdaq are now in the red for the month. Financial markets have had a phenomenal run since the low points of March, but now investors are taking their gains and running to the safety of the sidelines. The main catalyst for the sell off yesterday was a surprise fall in US new home sales. However, the door to a slump was already open by the time this came around.

In this ‘safety first’ climate the yen is the favoured home for people’s money. Yesterday, the euro and Australian dollar were well and truly smashed against the yen in particular. The sell off has shown no abatement today either with the EUR/JPY and AUD/JPY amongst the biggest fallers in early trading. Aside from the yen, the US dollar is holding up reasonably well and the British Pound is holding its own.

Many of the key trends from last week have been reversed with surprising aggression. The New Zealand dollar against the US dollar (NZD/USD) is a good example of this. So if you’re looking for some action today then those currencies going from hero to zero may be your best bet. You can find most of these in the hot list below.
What’s hot?

The yen: USD/ JPY, AUD/ JPY, EUR/ JPY & GBP/ JPY
The Kiwi dollar (If betting against): NZD/USD

Binary Betting Tip

The Euro/ Japanese yen pair (EUR/ JPY) has now reversed nearly 60% from of its move from the start of October in just four trading days and is holding around the 133.00 level. If the EUR/ JPY is going to pause, this technical level might be as good a place as any. A double (up) trade might be a good way to play this.

Binary Trading  Market Movers

Today’s major economic announcements both come from the US at 12.30 GMT. First we have the latest GDP figures which are widely expected to turn positive, indicating a return to growth for the first time in over a year. Will there be any shocks as with the recent UK GDP figures?

Secondly we have unemployment claims which are expected to show a slight dip on the previous announcement, indicating the unemployment situation is improving in the US. Watch out for the reaction to these announcements on the Dow Jones and US Dollar pairs like the EUR/USD and GBP/USD.

In order to provide you with more help with your binary options trading I have recently added many new features to the site including live currency charts, the latest currency news and fundamental analysis on video every morning, live commodity prices, stock charts and index charts, along with a national holidays calendar, and finally if you are looking for a good ECN broker then please just follow the link.

Binary Bet 9 Oct 2009

Friday, October 9th, 2009
Binary Bet Tip 9 Oct 2009

Binary Bet Tip 9 Oct 2009

The FTSE is currently indicating a weak open, as traders waiting for the release of the UK Producers Price Index. Analysts are keeping close attention to see if inflation has started to affect the prices being charged by producers.

Crude oil overnight, is paring its weekly gain, as the dollar climbed following Fed Chairman Ben S. Bernanke’s comments that  monetary policy may be tightened once the economic outlook has improved sufficiently. Oil continues to trade in a tight range, and is unlikely to break out without some substantial news.

Pair in play

The GBP/JPY seems to have found some support around the 140.00 level, with that in mind a 3 day no touch bet on the pair with a trigger at 139.75 pays 19% ROI.