One of the elements that makes digital options trading so popular is the ability to trade using a wide variety of assets. Each broker is going to offer a different total number of assets, but each is highly likely to offer assets from the Stock, Currency, Commodity, and Index categories. When trading with Broker options trading, traders currently have over 180 total assets to select from at this time.
Part of trading well means knowing what each asset category is all about. It is not uncommon for a digital options trader to prefer one type of asset above the others. This is fine if it works for you, but don’t forget that in order to access a wider variety of profit opportunities, you’ll want to consider as many assets as possible.
What To Expect From Each Asset Group
Stocks: Typically the largest asset group within each broker’s asset index. Broker Options provides a number of major stocks such as Apple, Amazon, Google, Coca-Cola, Facebook, and more. You’ll find plenty of variety in this group, which means that there will be virtually limitless trade possibilities. Stocks are widely reported on, which means that fundamental analysis should be simple and easy.
Currency Pairs: These are a favorite of many binary options traders for a number of reasons. Former Forex traders often find it much easier to profit from currencies when using the digital options financial instrument. Expect to find all of the most common currency pairs available to you, such as the EUR/USD, EUR/GBP, GBP/USD and more. The currency marketplace is almost always open, which means excellent trading hours for those who trade binaries.
Commodities: Commodities tend to be the smallest of the asset groups in terms of overall size, but this group contains some of the most important assets of all. Expect to find key goods such as crude oil, coffee, wheat, gold, and more in this group. Futures opportunities are also provided by Broker options trading. Commodities tend to be heavily influenced by a number of external factors such as weather, politics, and more. As such, these assets can provide lots of opportunities.
Indices: These provide digital options traders the chance to trade on the value of multiple stocks in the form of a single index. You should be able to find all of the major indices listed when you trade with Broker Options. U.S. markets present vast opportunity, but then so do U.K., Japanese, Chinese, Australian, and other various markets as well.
Asset variety equates to opportunity. This is a simple fact that all digital options traders should be mindful of. Such variety also allows for a diverse portfolio to draw from under varying market conditions. The process of price movement prediction is important, but never forget that this skill can be traced back to asset selection. By choosing your assets wisely, you immediately place yourself in a better position to profit.