1. Trader Sentiment. Decisions in the market are often affected by monitoring the positions that other dealers have taken for specific assets. By using the Bullnbear platform, traders can make use of the available option. Now, customers can use the ‘trader sentiment’ instrument for every traded asset. Thanks to the given option, it can be displayed the percentage of traders that have initiated an operation on each side of the option. Despite the tool’s efficiency, it does not always reflect a real-life state of things concerning the option’s movement. Trader sentiment does not guarantee anything at all, and that is nothing but 50:50 probability, since the data collected might become too controversial due to the fact the way it is leaning.
2. Observing trading Trends. When it comes to predicting the probable future direction of the market, the thorough analysis of the recent market performance may become very helpful. Even if the analysis is viable, it is likely to be applied to long-term trades since short-term and long-term options differ due to the patterns. Financial markets are dynamic and highly volatile in the short-term. That is why it causes difficulties for traders to apply a trend strategy in the short term with any degree of accuracy. The theory postulates that patterns are valid until signals show that they have ended. It often means that recent performance may not necessarily indicate the future trading outcomes.
3. Keeping up with Financial and International Events. Thorough monitoring of the latest international news may become very helpful for every trader to benefit from short-term market trends. It is all about political changes, natural disasters, economic reports releases and other significant events affecting the currency’s value. Traders should study the news attentively applying the conscious approach. It is crucial because the incorrect market analysis will likely to result in money losses in case the markets move not in the direction as forecasted.
4. Be Wary of ‘Get Rich Quick’ Schemes. It has a vital importance not to rely on emotions adhering to the critical thinking as a priority. Traders should be cautious about those websites promising high profits and high level of success rate. Trading binary options is not considered to be a low-risk activity and all the resources claiming otherwise should be skeptically treated.