Binary options trading allows traders to trade at all times. However, you need to prepare for trading, no matter what analysis you use. By making a plan for weekly trading, you can increase your results.
Financial news moves the market! By reading the main news, you can get confirmation of the trend movement and draw the right conclusions.
Main economic news from 24/8 – 28/8
Tuesday, 25 August 2015
- 09:00 EUR German GDP (QoQ) (Q2)
- 11:00 EUR German IFO Business Climate Index (Aug)
- 17:00 USD CB Consumer Confidence Index (Aug)
- 17:00 USD New Home Sales (July)
This news will greatly affect the movement of the Dollar and the Euro. Regardless of the result of the indicators and the result, the state of the market will allow binary options traders to make money on changes. Please note that you can trade either way. The main thing is to decide on the strategy.
Wednesday, 26 August 2015
15:30 USD Basic durable goods orders (m/m) (July)
Thursday, 27 August 2015
- 15:30 USD GDP (QoQ) (Q2)
- 17:00 USD Index of pending sales in the real estate market (m/m) (July)
Friday, 28 August 2015
- 11:30 GBP GDP (QoQ) (Q2)
- 11:30 GBP GDP (YoY) (Q2)
Why traders are interested in economic news
Some traders argue that the news does not help traders who use technical analysis. The investmagnates team and I use news for the following purposes:
- Checking the news that will move the market – select assets and plan trades
- Choosing the type of binary option – you can trade turbo options or choose a classic one
- News can change the general movement of the market. Therefore, we check the term of the option
- Using a Binary Strategy on the News
- Calculation of money management and risk mitigation
Tagged with: Binary Options News • Binary Options Signals
