Binary | Canadian Binary Options

Trading gold with binary options can be highly lucrative during times of economic downturn. During the major sovereign European debt crisis ofandwe witnessed massive buying of gold at these times and a spike in the price of gold. This buttresses the perception of gold as a store of value. The concept of gold as a store of value has been with us from time immemorial and it is not likely to change anytime soon. Apart from being traded in the futures and options markets, trading gold is one of the popular commodity trades in the binary options markets.

This gives retail traders a cheaper and less stressful way of trading gold.

Gold trading in the futures markets is costly, highly leveraged and requires large amounts of trading capital to meet up with the margin requirements. This makes it simply out of reach of most retail traders.

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Every binary options broker offers the gold asset on their platforms. There is no need to worry about leverage, margin or contract sizes. A typical contract in the futures market for the gold asset is equivalent to troy ounces.

This is the minimum contract for gold that a trader can purchase or sell in the futures market. The cost of an ounce of gold will determine the cost of the futures contract.

With a leverage of 777 binary options on gold trading So the trader is still able to make profits that rival those of the futures traders at lesser cost and at lesser risk. The first step is to get either a binary options account with a broker that offers gold as one of the traded assets. Once the account is activated, the trader can get down to the business of trading bitcoin day trading tips. Trading gold can be done on a technical and fundamental basis.

The following is an example of a technical trade on the gold asset, done using the charts. The chart above is a chart or gold showing a chart pattern.

Using this chart pattern a symmetrical triangle with a downside biasthe trader can wait until the asset has broken out of one of the trend lines, which in this case was the lower trend line. The impact of this trade is expected to last for sometime this is a daily chartand so an expiry of 777 binary options on gold trading hours would be enough to see the PUT trade end in profit territory.

For the purpose of the binary options market, traders will find more opportunities when technical trade setups such as the one illustrated above, are used for generating trade signals. You must be logged in to post a comment. Trading Gold in the Binary Options Market Apart from being traded in the futures and options markets, trading gold is one of the popular commodity trades in the binary options markets.

Procedures for Trading Gold using Binary Options The first step is to get either a binary options account with a broker that offers gold as one of the traded assets. More posts to check out: Trading Commodities Binary Options Trading Oil with Binary Options. Trading Indices with Binary Options. Trading Oil with Binary Options. Leave A Reply Cancel reply You must be logged in to post a comment.

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