Trade Gold with Binary OptionsBy BinaryOptions On January 31, 2012 Under Binary Options - Advices & Tips
Since ancient times, gold has fascinated men. Combined with the power and wealth, it is still subject to strong desires. For many years the gold was the basis of the monetary organization of much of the planet: this role is now over but gold nevertheless retains all its attraction. Investing in gold can be a good way to make money and do it with binary options can be used to make quick gains. Discover why …
1. A great value especially in times of crisis:
Historically, gold prices have shown that this metal was a safe haven investment, especially in times of crisis. The crisis is currently based on a good number of specialists of the highest, the price of gold should cease to rise. The advantages of gold does not stop there: in 5 years, the price of this precious material tripled to almost daily and the volatility of the metal offers good prospects for trad with binary options.
2. Why trade the gold with binary options?
There are many ways to trade gold: buy physical gold, the forex trader or trading with binary options are just a few possibilities: when trading with binary options, you can enjoy the most volatile metal and reap quick profits (because price changes can be very fast in a very short time). In addition, you should not worry about the rating that the metal will reach only the direction of change: increase or decrease. Once determined the levels of support and resistance, the evolution is in general easy to guess.
3.What strategy put in place to trade gold with binary options:
Think first of all check that your broker accepts many contracts on gold (which is not true of all because the U.S. government recently banned the binary options contracts on gold. If you a brooker U.S., so there is little chance that offers this type of contract). Also prefer a broker that offers a set of STOP free (actually, the volatility of gold is very important, the slightest error analysis could make you lose money and it is better to cut one position left to lose some money rather than sink into losses). Then follow the curves well and choose your entry point where a line of support or resistance is reached.
Investing in gold with binary options can be a good way to earn quick money if you follow some simple rules to implement.