Trading Thursday's ECB Press Conference Using Forex Binary Options
Cliff Wachtel submits: One of the most potent market moving events for the EURUSD, EURJPY, and EURCHF is today’s ECB press conference that follows its announcement on interest rates, which are expected to remain unchanged. If you’ve ever been tempted to try trading the short term trends generated by news events, I’ve found a relatively new trading vehicle for private traders (the big boys know it well) that you’ll want to consider, binary options.
Binary Options, News Trading, & Further Reading
Binary options are an alternative to the traditional spot trading vehicles for forex (also stocks, stock indexes, commodities, and more) that has only recently come to the retail market. Informed traders should get to know them for many reasons. They can be a real weapon in your arsenal in certain situations. Below we discuss one of them – their unique suitability for trading off of news events, and a practical example toComplete Story »