Options trading have the potential to expand the wealth for the aggressive and risk-seeking traders in only few trades. Markus Heitkoetter has presented several options trading strategies in previous shows. And yet again in Wednesday's show, Markus planned to analyze binary options in depth.
Markus looked at the different indices to see what is actually happening in the markets. Most of the indices were showing positive signals on Wednesday morning following a stumpy Tuesday trade.
Markus used Nadex platform to show the audience how actually binary options work. For instance, Markus is betting that gold is going to close above $1343.50 an ounce. If it closes above that level, $100 will be deposit in the account. But, he can lose all amounts he risked on this trade if it closes below that level.
Binary options are easy to trade and they expire daily, which means, one doesn’t need to take an overnight risk. To explain the logic behind the binary trade, Markus used Rockwell’s binary option table.
He begins talking about gold because he has a position in gold this morning. Also, Markus keeps a close eye on indices while trading options. According to Rockwell Trading binary option tool, there is almost 85% chance of success if one trade gold today. Markus explained why PowerX Analyzer show buy, sell or no signals for different markets.
Markus also looked at other markets, including e-mini S&P and crude oil. The CEO of Rockwell trading also explained why he is not making the trade in crude oil today. Looking at the price chart, crude oil was not showing any green bars rather it shows black bars. According to the PowerX strategy, black bars represents there is no meaningful change and the markets are moving sideways. Listeners can get these insights on the market for themselves live at rockwelltrading.com/prcoffee.
SOURCE: Press Advantage [Link]
Markus Heitkoetter founded Rockwell Trading in January 2005 with ONE goal in mind: To simplify trading and help day traders achieve their goals. Since then we have helped over 340,000 traders from more than 38 countries. Visit us at rockwelltrading.com
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