By keeping a constant eye on global news, you may be able to profit from short-term trends caused by specific market events. However, note that the operative word is ‘may’ – if you read the markets incorrectly you may find that events cause the markets to go in the opposite direction to what you expected, leaving you with a loss instead of a profit. Let us take the following example; if the President of the European Central Bank makes a public statement about bolstering the financial situation of the Euro zone and the Euro starts rising, the chances are that it will continue to rise in the short term. However, there’s no guarantee of that happening – another event you didn’t notice might cause the Euro to fall instead.
In conclusion, though there are several possible binary options strategies which can be utilised, none of them are fail-safe. However, it’s useful to be aware that they exist – as long as one is also aware of their limitations.