Binary Options Trading Forex Contra Dance

Options Trading — Thu, 22 Jul 2010 14:09:34 +0000

Ok the headline binary options trading contra dance was mostly to draw you two-steppers out there into the discussion but it is still relevant to the topic of the day: contra-indicators. It has long been the joke of traders that the “best contra-indicator” to a stock’s performance was to be touted as a “winner” or “risisng star” in Barron’s magazine. The point being not that Barron’s writers are idiots (that would be totally unfair to say), but that by the time anyone actually got to reading the Barron’s article any positive trading opportunity would have long since passed. Barron’s Brings Late-Comers to the Party and Sticks Them with the Bill Inevitably what ended up happening was that readers (a.k.a. late-comers to the party) buy at the top – and if they’re lucky – take a 10% haircut when they get stopped out on the way down. Those poor fools without stop-loss orders end up with dead money – never to find liquidity again. Is this abysmal performance Barron’s fault? Heck no. Each of us is responsible for making our own trading decisions – but here is something you probably didn’t think about as you were drooling over the latest CNBC [...]

Binary Options Trading Forex Contra Dance is a post from: Make $300 a Day

Binary Options Trading Tutorial - Forex Signals | Make Money Day Trading » CNBC

Binary Options Trading Forex Contra Dance