With the forex market appearing risk negative we’re going to be trying to establish a binary options put position while the markets are still positive, with the idea being we’ll close the binary hedge later in the day once we’ve created a gap of about 50BP between the put and call strike prices.
It’s important for traders to take advantage of the bonus cash offers of the binary options trading websites. Using the bonus cash makes it possible to offset the frequent small losses associated with the binary hedge and double strategy. Typically EZTrader and Binarix have had the best bonus cash programs but nearly all of them offer at least some juice based on deposit size or trading volume.
Forex Market Calls for Risk Negative – Stock Markets Follow
Establishing a better than 50BP gap took less than half an hour. Now we leave the binary put open unless and until the forex market turns risk positive. Funny how quickly the market responds sometimes.
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