After getting used to this method, the stop loss point can be moved to a better place. Although there are premiums involved, binary options, if used wisely, can be the sweet dream scalpers were waiting for.
Apart from breakouts, these binary forex options can be used for trading news events. For example, if we take American CPI, and it comes out stronger than expected, the dollar would normally rise on anticipation for a rate hike. The trader would go short on EUR/USD and defend this position by a CALL binary option
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment