Trading volatility with USDCAD using binary options and spreads immediately prior to the Canadian Core Retail Sales was the topic of the live trading webinar this morning.
Trading Volatility With USDCAD Using Binary Options and Spreads
Volatility is typical with major reports and this morning at 8:30 am New York time, the Canadian Core Retail Sales was being released. With major market reports, anything can happen. While you could have a bias to the upside or downside, the market report could cause the market to go against you very quickly. The simple answer to this issue is to trade without a bias and focus on limited risk opportunities — ie binary options and spreads.
In this video, Gail Mercer, founder of TradersHelpDesk, shows you how she trades these high volatile reports by going by long and short at the same time combining binaries and spreads to limit risk. In the video, Gail enters six trades, 3 shorts and 3 longs. One combination was on binaries and two were using spreads. All three longs made profits. The three shorts lost. As shown below, her winning ratio was 50% but she made $95 for the morning off this one report using just one contract on each trade.
Watch the video below for tips on Trading volatility with USDCAD using binary options and spreads.