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Trading Binary Options: Strategies and Tactics by Abe Cofnas

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CHAPTER 4

Tracking Economic Forces that Impact Markets

While finding the predominant sentiment for the markets is important for selecting the direction of trading in the coming week, basic fundamental economic forces also affect the movement of prices. These forces are often in the background and remain important to monitor. The objective of this chapter is to provide a basic understanding of the fundamental forces that a binary option trader should know and track.

The relationship between economic fundamental forces and markets is not linear. This means that tomorrow’s or next week’s price direction is not directly predictable based on today’s or yesterday’s price patterns. Rather, price action is more chemical in nature, similar to what chemists ...

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