Closely monitoring market behavior is essential as this will help you determine which trades would prove to be most profitable for you at the end of the trading period.
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New York, NY (PRWEB) January 15, 2013
Global asset management firm Russell Investments has just released the 2013 Annual Global Outlook, a yearly report that highlights key opportunities and issues that investors may encounter in the upcoming year. The report predicts that equity markets will undergo moderately positive growth as US and Chinese economic growth continue in a positive direction. Despite pushing towards global recovery, however, the investment environment is projected to be more volatile as the Eurozone continues to deal with issues involving inflation.
Consultants from The Binary Options Experts state that positive economic growth and high volatility may be good for the business as these can provide more lucrative opportunities for traders. To usher in what could be a highly financially rewarding year in trading, the group has shared some key advice on their website.
Because of the ever-changing value of assets, the group places great emphasis on adequate knowledge and preparation before engaging in trades, warning against the dangers of relying on luck or instinct alone. According to the firm’s financial experts, “Time may be of the essence, but you can study the potential assets before you invest. Besides learning what they’re all about, you can also gauge better if they will perform well in the market given the current trends. Nothing beats being properly informed; it would be extremely foolhardy to leave the outcome of a trade to the powers of the heavens!”
The group also encourages traders to strategize. Aspiring traders can develop their own formula, get assistance from financial experts or educate themselves by being mentored in systems and strategies that have worked well for others. The group reasons that planning can help maximize binary options income and minimize losses because it prevents loss of self-control: “It’s critical that you are in control of the situation and not the other way around. You should know when to take a step back or to move forward. You cannot afford to indulge in revenge or emotional trading,” they stress.
The company’s consultants also warn against trading large amounts of money right from the start to minimize risk of massive income loss. “You need to test the waters and get a feel of things first. A minimal amount means you won’t have much to lose if you get it wrong in the beginning,” state the firm’s trading experts.
Lastly, the group also urges both new and experienced traders to always “keep an eye on market behavior.” They state that although trusted experts such as those from Russell Investments foresee 2013 as a good year to trade binary options, the market still remains unpredictable, especially when evaluated on a day-to-day basis.
“The variables in binary options are affected by so many factors, that a seemingly good investment can just plummet to a disastrous level of loss. Rumors of war or news of an earthquake could have a direct impact on a trade; the majority of the time, you won’t make a connection but the impact is very much apparent. Closely monitoring market behavior is essential as this will help you determine which trades would prove to be most profitable for you at the end of the trading period.” they state.