Identification of optimal binary options trades does not have to take an extensive amount of time. Simply knowing what to look for when selecting an option to invest in will prevent any wasted time. This is not to say that every trade that is taken into consideration will present an excellent opportunity, but with just a bit of research, the best trades of the day will become quite clear.
The first place to look will be a market news website. These sites are dedicated to providing nothing but current market news and reports. While the top stories will likely be in relation to prices that are on the move, there will also be reports that are related to prices that are flat as well. Stocks, commodities, indices, and currencies are reported on each day. Finding the specific information related to each underlying asset should be as simple as performing a simple search.
Once potential opportunities have been located via news reports, the focus can shift to price charts. Even the most basic price chart will show the current and past directions of movement. Should a trend be in place, it will be easy to identify. Within most charts, price movement is shown as a continuous line which moves up and down along with the actual change in price. When that line has moved up or down for a period of time, a trend is taking place. Trends are not the only type of price movement that can provide a profit, but they do tend to present lower risk.
Want someone else to do the locating for you? Then consider signing up to receive binary options signals. These trade alerts are typically created using a computer program, followed by human approval before they are released. A reliable signal service should be providing signals with a win rate of 65% to 70%, and sometimes even higher. There is, of course, a cost for this type of service, but for many, there is plenty of value provided for the price paid. At a base level, the profits generated from signals should cover the cost of the service and profit some amount of profit on top of that.
Another place to look for optimal trades is within the platform itself. Many brokers now offer a list of trades that are being purchased in high volume. Some even go so far as to show the percentage of traders who are opting for either side of the trade. If 70% of traders are opting for a Call position on a trade, this tells you that the trade is worthy of a closer look. Note that even when the percentage on one side of the trade is high, some analysis is still required. While the majority may be correct, there is much to be learned by researching the reasoning behind the forecast.
Some days are tougher than others. Market conditions are always changing, which means that some sessions will present plenty of opportunities, while others will not. Do not feel pressured to trade when market conditions are poor. This is a mistake that is often made by those who are trading binary options for the first time. The platform and prospective profits will always be there, so there is no pressing need to enter into trades that deliver too much risk.