If you have any questions or suggestions you are welcome to join our forum discussion about Trading Gold Join The Forum Gold is one of the many commodities that can be traded in the binary options market. It is also one of the options popular assets among binary traders, because of its volatility and the fact that it is not gold by many economic factors. Gold is one of the safest assets and it is often one of the best investments during times of economic instability. This is why trading gold in the binary options market is often preferred by traders. There are only two possible scenarios when you trade gold binary options — you either lose all the money you bet or you win an amount of money determined by the return rate offered by your broker. Keep in mind that gold is a very volatile asset — its value fluctuates a lot and on a daily basis it can go up or down with between 1,000 and 10,000 pips. It is evident, that such drastic movements can cost you a lot of money, if you do not trade using binary options. Of gold, you must combine the accurate prediction with the right strike price options expiry time. Getting all this right will guarantee your success. In times of economic crisis, gold is considered to be a safe options asset, so investors often invest their money in gold. This usually increases the price of gold, so in binary scenario traders must place their money on touch options. For example, during the Eurozone crisis inthe price of gold skyrocketed, because of the high interest in this asset. Gold is one of the most volatile commodities too. So, you must think carefully before starting to trade with gold binary options. The drastic daily changes in the value of gold often bring a lot of money to investors, but they can binary cost you a lot of money if you are not careful with your predictions. Overall, trading gold binary options is recommended only if you are familiar with the latest economic news and if you have already built a tested and reliable trading strategy for gold binaries. If you have any questions or suggestions you are welcome to join our forum discussion about Trading Gold Join The Forum Founded inBinary Tribune aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets — stocks, currencies and commodities, and interactive gold explanation of key economic events and indicators. Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. This binary uses cookies to provide you with the very best experience and to know you better.
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