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Simplicity Is Elegance Part III
A binary option is a bet that the price of an instrument will reach a certain price level on the upside, or the downside, within a certain period of time. So, the outcome at expiration is either a loss or a win. The binary option is especially well-suited to trading fast-moving markets such as FX. Because your risk and potential profits are clearly defined in advance, you can give your trade room to move because you don't need to worry about placing a stop. No matter how far the market moves against your position, your potential loss is capped.
Tonight, Andy Simensen of the Traders & Investors Club will be presenting the third of his series of presentations showing us how we can identify profitable binary trading opportunities. Andy will be sharing his approach to identifying potential edges in the market and the techniques that he applies to maximize profitability.
Tonight, Andy will be presenting:
- A brief recap of last month's discussion
- Revisiting the concept of value
- The volatility play
- How to perform supportive research
- Taking and managing the trade
- The benefits of the trading journal and performance monitoring
If you would like to review Parts I and II of Andy's presentation, you can do so here:
http://www.vimeo.com/15217218 and http://www.vimeo.com/16168640
The aim of this presentation is to build on the preliminary discussions and to get us to the point where we can confidently pull-the-trigger.