Many people ask the question – why should I choose to trade gold through binary options? The answer is simple – the environment which is provided by the binary options trading is controlled and thanks to this you will be able to control the risk and not suffer major losses. Keep in mind that sometimes gold can roll back by more than 1500 pips until it reaches the position you want – you should be afraid of over-exposing your binary account.
Gold is volatile. It is really interesting to trade with gold binary options because the daily pip movements can variously move. This means they can go anywhere between 1000 or 10 000 pips. Thanks to this sort of volatility you will be able to choose between many different strategies. The key to success here is to get all those directions right. Once you do this – you can be sure that you will
succeed and make major profits.
Best Forex Brokers for United States
Many traders like to trade gold binary options because it is a really save tool that you can buy during uncertain periods. Remember this – when there are any political uncertainties the price of gold can only head to one direction and it is upwards.
One really good strategy that you can use when it comes to gold binary options trading is the touch/ no touch strategy. Here you will have to bet on the price by touching a certain price that you have already chosen – it is called strike price – or you have one other option – not to touch the price at all. Of course, like any other good strategy there are many variations such as double touch, double one touch, etc.
Once you have realized the basics of gold binary trading you can choose different strategies and pick up the one that meets your needs most.