The following is a guest post
Apart from having some form of magical crystal ball there are several different ways that you can spot in advance a potentially profitable Binary Option Trade, and this usually comes with experience and a little knowhow. Have a look through the following guide for it will give you many individual pointers in regards to how you may be able to spot an emerging and growing Binary Option Trade to place and make!
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Follow the Trend
One thing that can be systematic of a potentially profitable trade is when you notice very high volumes of stock changing hands and being snapped up, and as such when trading Asset based Binary Options do keep one eye on the markets as any sudden large volume share trades can become a potential instant profit if you spot them and purchase the relevant Asset based Binary Option!
Up Coming Elections
When a new political party takes the helm of a country then many of their beliefs and changes they plan will often instant affect the share price of the companies shares their new rules are about to change or even change the value of that country’s currency is one way or another, so if an election is about to take place in any country study what changes the most likely winner of that elections plans on making and place your Binary Option trades accordingly.
Change of CEO
The changing of any companies CEO is always going to have an effect, in one way or another in regards to the share value of that company, another way you can benefit from any such change is by looking at the principals that the new CEO holds dear to themselves and reacting in case those principals will affect the share price in either a good or bad way!
As has happened recently the failure of a Bitcoin trading site had an instant effect on the price of gold with many people opting to ditch the Bitcoins and rapidly snap up Gold bullion, so another way to spot a potentially profitable trade is to ensure your finger is on the pulse in regards to the latest and up to the minute breaking business news, you do need to be in a position to react as soon as the news breaks!
Long Term Outlook
If you are prepared to wait for your Binary Option trades then having a well thought out long term strategy is another way to lock in profits and by holding onto your Binary Options for longer periods of times could result in any long term market movements that you predicted actually bearing fruit!