Using Intraday Trading Charts to Trade Binary Options

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Binary Options for Newbies and Merely Curious
People
Unfortunately the mainstream financial press
doesn't have much to say about the field of
binary contracts. Dr. Jon Najarian, a host of the
CNBC television program "Fast Money," calls
binaries "training wheels" for getting involved
in traditional options. Najarian says that binary
options will have wide appeal to "individual
investors, hedge funds and institutions, who have
an opinion, one way or another, on future price
movements." An article entitled "Don't Gamble on
Binary Options" appeared in Forbes magazine in
2010. Gordon Pope, the author, spent two pages
convincing the readers to stay away from binary
options. He closes the article out by stating
that "If people want to gamble that is their
choice. But let's not confuse that with
investing. Binary options are a crapshoot, plain
and simple." It is unfortunate that Pope places
binary options in such a negative light. He fails
to mention that virtually all types of
investments are a crapshoot.
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Now we will discuss some of the pros of binary
options trading. First of all, these options are
an excellent and simple way to get exposure to
various markets - stocks, commodities, Forex and
the like. Binary options truly make it possible
for anyone to trade markets. Some of the brokers
will even open accounts with 100 and let you
experiment with 10 deals. Again, this paves the
way for almost anyone to get involved. Trading
binary options is an excellent way to test
various trading strategies without risking large
amounts of money. This type of option account can
be opened up in minutes and does not require long
questionnaires, approval and cumbersome
procedures like with a conventional options
account. Most of the brokers accept credit cards
as well as your favorite online payment method.
Wire transfers with your bank are also available.
Because most of these option firms are located
offshore, opening up an account in one of these
locations is a simple way to set up funds
offshore.
3
Generally open source refers to software whose
source code is available for the general public's
use and modification from the original. The
premise of open source software sounded like a
mad mans idea in early 1980s, it seemed
impractical and inapplicable for programmers to
spend days and nights developing software then
giving it away free. The rationale behind this
though, was to ensure quality production of
software by not focusing on proprietary rights or
financial gain by the programmers. Needless to
say, it worked, open source software is
increasing yearly and 50 of software may be open
source by 2016. Its ever growing popularity makes
one wonder, does this type of code really have
monetary value?
4
Just because the source code is free doesn't mean
the associated documentation and support is. The
ability of programmers to modify software makes
it even more efficient and effective for use,
appraisals and performance reviews to keep tabs
on the software can be performed and on success,
enormous monetary gain can be Push Money App
Review gotten by developing and selling its
plugins like in SEO or WordPress and even charge
for technical support. Huge financial
institutions and companies are leaning towards
this type of coding implementation so as to cut
down costs and the ability to extract a section
of this code and integrate it into their system
is creating a heavenly tune. An example is the
use of Linux kernel in banking institutions.
Production is increased and costs cut down
significantly leading to shot up economic gains
all thanks to open source code. Plus, many have
benefited from open source by generating revenue
from complimentary proprietary products and
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