Gold is expensive. Really expensive, so expensive that most normal traders will never be able to afford to buy gold, which is a shame because it is a really popular commodity in recent times that people are making a lot of money on. Gold options trading is more popular than ever due to worries about the global economy and currency instability, but most investors will never get their hands on it. But with gold binary options, anyone can take advantage of the huge price movements in gold with just a tiny minimal investment.
One reason gold binary options trading is so much more popular than regular futures trading is the time frame. Gold futures take months to resolve, while gold binary options can be over in as little as 60 seconds. When you trade gold binary options, you can make dozens of trades a week, instead of one trade every few months or so. Additionally, an extremely profitable gold futures trade will net the trader around 25-30%, where a gold binary options trading can equal as much as 80% on each and every trade. Not only can you make money faster, but you can make more of it on the exact same price movements.
Gold options trading requires a different skill-set from that of a futures trader, as well. Gold traders must really know their fundamentals inside and out, while a gold options trading specialist can focus on technical analysis, which can be much faster and more straightforward. This means that it is easier to learn to trade gold binary options if you are a commodity options trader than it would be to actually learn to trade real gold futures.
Of course, like any other kind of binary option or investment product, gold binary options trading is not a sure thing, and there is a huge amount of risk involved. However, for those people who have the time and the determination to enter the gold market, binary options can be a wonderful opportunity to make large profits off this popular and volatile commodity.