The advantages of trading in commodities
As already stated, you must always remember that when you trade commodities using binary
options you may have to content with large price swings generated by a number of economic and fundamental factors. For example, as gold is considered to be a very safe-haven by most traders, its value can appreciate substantially even when other financial markets are crashing.
Although you must always respect the increased risks involved, you must acknowledge the significant opportunities you can gain to register worthwhile and consistent by using binary
options to trade commodities. This is because you just need to predict the direction that the price of the asset will move and not its size or magnitude. Subsequently, if you can gain confidence that gold, for example, will increase in value for days or weeks then you could proceed to buy it by opening a consecutive number of ‘call’ binary
options. By doing so, you could generate for yourself a series of profitable payouts.
You would be able to achieve this objective because most brokers allow you to open binary
options with expiration times of just a few minutes or hours. Consequently, you should seek to trade those commodities which constantly produce substantial price movements in order to increase your chances of forecasting the correct directions.