The forex overview video is below, as well as the British Pound trades using binary options. Needless to say, forex is moving!
In this video, Gail Mercer, founder of TradersHelpDesk, reviews the moves on forex — and it is definitely moving. Gail identifies the moves she expects and explains why. The biggest movers were the British Pound as both the GBPUSD and GBPJPY were overbought and the EURGBP was oversold. Then price moved to the downside on the British Pound currencies, which meant that more likely than not the EURGBP would go up and it did.
Forex Overview – British Pound Trades with Binary Options
After seeing the weakness in the GBP and strength in the Euro, Gail opts to enter two EURGBP binary options trades to the upside. Since the only option was to use the dailies, Gail chooses both the 7am and 11am and the risk was super low because the EURGBP is a slow mover, typically. Then after a retracement to the ATR on the 15-minute, Gail enters a short on the GBPUSD 6am expiration for a risk of about $32.50.
Within a few minutes of the forex overview video, Gail exits the trade and locks in $1070.75 in profits. Her total risk on all trades was $557.50 and the risk to reward was $1 to $1.92. Not bad for a Monday morning.
TradersHelpDesk currently offers two packages — the Create Your Own Package and Silver Package and both include the indicators, documentation, and online video training. Plus, if you are new, I even connect and install the indicators for you! For those that just wish to use the Trend ATR indicator it is also on special for only $295.