Popular Currency Pairs Choose the right asset Having practiced on a demo account how to trade different types of assets, you will need to choose a select few and focus on learning their specifics before going live.
For example, if you decide to focus on trading currencies, you will need to acquaint yourself with, if not all, at least the economic indicators with high and medium influence on the respective currency most low and medium, and all high volatility indicators are included in economic calendars.
Meanwhile, if you have decided to trade why the asset is closed on binary options, apart from the major economic and political events you need to keep an eye on, you will also want to follow up on all corporate news which can affect its share pricing. This includes not only the companies whose shares you are trading, but also their competitors, suppliers, clients — all in all the whole segment it operates in and its horizontal and vertical chains of operation.
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The same goes for trading commodities — you want to be informed about everything, after all it is your money that is at stake. This includes important economic data, supply and demand reports and statistics, as well as geopolitical events and developments. Trading stock indices has its specifics as well.
Although the general inflow of information is the same, here recommendations binary options must have a good idea of the broader picture of the stock markets, and especially dissected by industrial sectors. And since some indices, like the blue chips, include companies ranging from the food industry to industrial and high-tech corporations, you will surely need to be constantly informed about any significant developments both on the national and international economical and geopolitical scene.