Utilising Economic Calenders
You should never simply place Binary Options trades based on chance, luck or gut feelings, you should always gain as much information and do a much research as you can, for by doing so you will then be able to pick out the trading opportunities that are much more likely to result in a profit on the trade you do decide to place.
Every developed country of the world is going to release, at various times of the day, week and year a range of facts and figures that will give you an overview of how the many different market sectors in each country is performing.
With that in mind you will find lots of Brokers offer something known as an Economic Calendar that is going to list the times and days when each country releases their latest data to the general public. Once released you then need to make sense of that data to give you some ideas and pointers in regards to what trades are likely to the best ones to place based on just how good or bad that data is.
Economic Calendar Questions and Answers
Below we have put together some of the most commonly asked questions surrounding Economic Calendars and how to utilize the information contained on them. With that in mind please do read through this section as you will find all of the answers to each of the following questions, and it is of course important you know those questions!
Where Can I Find Economic Calendars?
You will find the easiest to access Economic calendars are going to be found on the websites of all of our featured Binary Options Broker, so do check them out as those Brokers also have up to date rolling news stories which will allow you to keep up to date with everything that is happening in the money and business markets.
When is the Financial Data Released?
You will find market data being released on each working day of the week from different countries of the world, that is why you should take a look over an Economic Calendar as it will list all of the daily data releases and will let you know the times and countries that will be releasing such information.
How Volatile Can the Markets Be?
You may be wondering just how volatile the trading markets become after information has been released, well depending on just how good or bad the data and figures are based on which country and which market sector is covered by the data there can be some huge swings in regards to the price of shares and commodities in any one country and the world as a whole.
Are Economic Calendars Useful?
We cannot stress just how important the information that will be released by different countries is going to be to you as a Binary options trader. For whilst you may not fully understand every piece of data release you will often find that as soon as the information is made public the money markets will react often instantly and that is where there is money to be made as a trader.
What Information Should I Be Looking for?
You are probably going to have an interest in certain types of Binary Options trades, however you should always be prepared to take a look at all of the financial data that is made available to you as it may give you a few additional ideas in regards to the type of extra trading opportunities you may be interested in placing.
The information is going to be presented in an easy to read and understand format so you will not need any specialist knowledge of the financial world to understand the data released.
What Other Guides Can I Access and Use?
There are also going to be a lot of additional free to access and use trade tools available from each of our handpicked and top rated Binary Options Brokers, and with that in mind please do check over their respective websites as you will be amazed at just how helpful and useful those trading guides and trading tools on offer at those sites will be.
Are Bonuses Available on Data Release Days?
Sometimes you will find that you can time claiming bonuses to the times economic data is released, however as there are so many different types of bonuses on offer from different Brokers at different times of the week and month you are never really going to go short in regards to the number of bonuses that you can claim.
However, if you are interested in claiming any type of trader bonuses then always take a look at the small print, the rules and the terms and conditions of any bonuses that may have been made available to you as some of them can be more generous than other in regards to the amount of bonus credits you can claim and the volume of wager you need to place before bonus credits are turned into real money credits.
Which Countries Release the Most Data?
You will find it is always going o be the more developed countries of the world that are going to be releasing the most economic related data. In fact on most days of the week you will often find many countries release many different types of market data, so do keep your eyes peeled for that data and use the information wisely to allow you to hopefully pick out some profitable trades to place.
What Type of Platforms Have Built in Data Sources?
All of the Binary Options Brokers you will find listed and reviewed throughout our website have a large and varied range of different trading tools that can be built into their trading platforms or are always instantly available via their websites.