I realize that playing with binary options can blow a hole in your pocket, yet also help you save money. How? Well if properly managed, binaries allow you to place a trade when you have itchy fingers (that's when you're most likely to end in losses), at a fraction of the cost. In fact your losses are limited to the binary option premium that you will pay upfront.
Today, I decided to take the chance on some potential EURUSD volatility. The market hasn't been moving much, but I figure it didn't hurt to buy/sell both OTM (Out of The Money) weekly EURUSD binaries.
Current EURUSD: 1.3715
Long Weekly EURUSD Binary Call @ 1.3875
Long Weekly EURUSD Binary Put @ 1.3575
So I'm hoping for a sharp spike in the coming days!
Huat ah!
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