There are days when the market just goes totally against you and you get a loss—that's part of trading. What you're looking for at the end of the month is to come out with a profitable result because your trading system has an edge in the market.
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New York, NY (PRWEB) November 08, 2012
October presented significant but manageable challenges for the binary options trading environment—this is what trading and investment management consultancy firm The Binary Options Experts discovers as it releases its trading results for the end of the said month. The company's mission is to encourage more Americans to make wiser financial decisions and trade binary options to achieve remarkable returns; however, as recent events (triggered by a devastating environmental disaster) demonstrate, smart trading also involves having keen insight and sensitivity to current world events to determine whether trading conditions are just right.
With Hurricane Sandy leaving a path of destruction across New York and its surrounding areas on October 30 and 31 this year, The Binary Options Experts opted to steer clear of any trades on those days and effectively ended the month of October on the 29th. Duane Cunningham, the company's Vice President of Global Operations, explains that with fear, uncertainty, and other emotions running high during such calamitous times, trading is highly unlikely to yield favorable results and investors would do well to put off their trades for another day to ensure security. "We don't trade when market conditions are not conducive to our trading strategies," he shares.
In terms of Global Indices trades in the Asian and European markets, The Binary Options Experts reports that trade volume is significantly down; there were 140 trades for the month with 98 winning and 17 losing. Based on $500 per trade, the company was able to achieve 80% to 90% return on investment and pull a binary options profit of $28,000. These figures reflect a distinct drop from September results which reported 140 trades of which 129 were profitable, 11 were losing, and the generated profits amounted to $45,325.
In Forex trading results, the company similarly ended the trading month on the 29th. Total trades added up to 137 with 124 profitable trades and 13 losing trades. Also based on a $500-per-trade structure, the company was able to enjoy a 70% return on investment with a profit of $37,400.
As investment tools, binary options require traders to speculate on the direction the option will take rather than actually owning the instrument; the trader would simply need to speculate on the direction of the price action. Depending on whether the trade expires in or out of the money, the payoff would either be a fixed amount or nothing at all.
Traders enjoy a number of advantages when dealing with binary options. They are simple and relatively straightforward to understand, the potential risks and rewards are known from the outset, and they are issued 24/7 so traders can trade on multiple time frames.
Risks are present but can be controlled, allowing traders to gain better control over their money. Cunningham uses the arrival of Hurricane Sandy as an example of how trading situations can be affected by different factors. "There are days when the market just goes totally against you and you get a loss—that's part of trading," he emphasizes. "What you're looking for at the end of the month is to come out with a profitable result because your trading system has an edge in the market."
Cunningham encourages investors to study the market conditions carefully before making a trade. "There are days with lots of trades and days with few trades. You need to observe whether a particular day meets the criteria you need before entering the market to ensure successful results and build a significant binary options income."
Details of the October results can be viewed on The Binary Options Experts' YouTube channel. The company also encourages interested traders to visit its Facebook page to see its latest Platinum, Emerald, and Diamond Club trading analyses.