A survey was conducted by analysts from the top binary options platforms in May 2015 and it revealed some interesting data about time and earnings. The majority of hourly wage earners believe that the only way to increase their net worth is by working additional hours. And this belief system is pervasive across the board. However, the fact of the matter is that anyone who spends an inordinate amount of time trading time for money is bound to be disappointed in the long run. The reason being, there are other forms of income that can be generated which are not dependent on an hourly earnings regimen.
Investing in Your Knowledge of the Financial Markets
The financial markets are a hive of activity for newbies and seasoned professionals alike. And it doesn’t take extensive business acumen or market savvy to understand that if the price of oil is rising, it is possible to trade on that trend and make a whole lot more money than merely working an additional hour at a job. The trick however is knowing what to trade, when to trade it, and which direction to trade. Energy stocks like gas and oil are burning red-hot now. The prices of these commodities have recently reversed and are now trending positive. There is ample elasticity of supply in the oil market. Presently, the number of rigs in operation in the U.S. has dropped to its lowest level since 2010.
There are several investment vehicles available to traders, notably traditional stocks trading and binary options trading. Now that the price of oil has crept up over $60 per barrel for Brent crude oil and the price is inching towards that with WTI crude oil, it makes sense that more producers will be eager to enter the markets. Since the amount of rigs drilling for oil is dependent on the price of oil, a positive relationship exists. The recent low prices resulted in a sharp decline in the number of U.S. oil producers, but marginal gains have enticed more producers back into the markets. And likewise when the price rises and more oil is produced than is consumed, the price will drop once again. The benchmark price is $65 per barrel for U.S. producers.
Trading Commodities Makes Sense
Assuming a casual trader wants to transform a lowly hourly wage into bigger profits, a good idea is to seek out reputable binary options platforms for the purposes of turning small trades into big profits. With binary options trading however, it is imperative to understand the potential profits and losses that can accrue. No investment is ever 100% guaranteed and trading entails risk. However, an informed trader is one who is more likely to win more trades overall. Provided that you stick to the fundamentals of trading, there are various economic indicators that provide clarity for trading purposes. One such indicator is the Baker Hughes Inc report that indicates how many oil rigs are currently drilling in the U.S. Others include inflation data, employment data, industrial production data and manufacturing data. Among traders, there is an expression: ‘Bull markets don’t end as a result of bad news; rather they come to an end when the markets stop reacting to the good news’
Actively Generating Money from Home
With today’s high-tech world, it’s easy to dabble in the financial markets from the comforts of home. Top binary options platforms provide instant access to trading in commodities, indices, forex and stocks. And with binary options trading, the only thing that matters is the direction of price movement, not the size of price movement. With call and put options, it becomes relatively easy to make a trading decision and wait for the expiry time to collect. No leverage or margin requirements are needed and trades can be completed within as little as 60 seconds.
