Binary options are very popular nowadays, and it’s all about predicting the price of individual assets, will it higher or lower, at the particular time. If you make a correct prediction, you will be able to earn a lot of money, on the other hand, if you make a wrong choice, you will lose your investment. Most traders like to have a larger choice when trading binary options, but if you are experienced in one field, you should stick to it. It is important to minimize your loses, in this way, you can achieve a bigger profit.
Commodities and precious metals
Considering commodities, they are traded for centuries, and many factors influence on their price. Mostly, they are determined by supply and demand, but also many agricultural factors have an impact on commodities, such as drought, disease, and flood. The price of energy commodities, such as crude oil and natural gas can be significantly violated by the wars and natural disasters. You need to choose the best time to trade them, and that is when US Department of Energy releases weekly prices. This is usually around 04:30 GMT for crude oil and 14:30 GMT for natural gas. The figures are released every Thursday. Gold and other precious metals are often purchased when the economy is unstable. The best moment to buy them is when inflation is high.
Predicting the price
Another type of assets which is commonly used are indices. The major indices are always changing, but you can track their development online, so you will always be up to date. Apart from trading indices, you can always trade individual stocks and predict the movement of price. Most stock markets work from Monday to Friday, from 9 am to 4 pm, except NASDAQ which works 24/7. If you are interested in trading currency pairs, then you should use this option to increase the profit. For example, you can predict the movement of Dollar against Euro.
Binary option robots
In last years, binary options robots have become very popular, and many traders started using them. The advantage of trading software is that it places trades and chooses assets instead of you. The most popular among the younger generation is Orion Code. It has excellent features and more than 100 assets to trade. If you are interested more in this trading platform, check out this review Orion Code scam review by Cybermentors.