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Currency Plays for 1,329%
By Abe Confas
December 6, 2010
Dear Penny Sleuther,
Forget the stock market. Forget worrying about bond yields. And forget any of that slow moving, boring income stuff.
I’m here to show you how to get rich playing the currency markets… with a tool that I’d bet 99% of the public hasn’t heard of yet.
Now, you’ve probably heard carnival barkers telling you how easy it is to play the currency “spot market”… but that strategy is also very risky. Or maybe you’ve heard about the “currency futures” markets… but futures are too expensive and too confusing.
Instead there’s a brand new currency trading tool that is cheap, easy, powerful and fun!
I’m talking about something called a currency “binary option.”
In a second, I’ll show you a specific example of how beta testers in my new Strategic Currency Trader service used these binary options to produce a gain of 1,329%. But first, lets talk about the binaries themselves…
You Could’ve Made $123,850 by Breaking the Rules!
The Easiest Way to Play the Currency Markets
Binary options are simple bets on whether something will happen or not. In a way, they resemble sports bets — like betting the Baltimore Ravens will win on Sunday or that Alex Rodriguez will hit more than 30 home runs in a season.
These kinds of options are big in Europe, and big U.S. brokerage institutions have used binary options for decades. They started as unregulated, over-the-counter instruments. They were complicated, too — a mass of jargon and legalese that would make anyone’s head spin.
But the idea behind the contracts was rock-solid… and some brokerages pushed to offer these simple “yes” or “no” investments to retail U.S. investors (the little guys like you and me). In 2007, they got their wish. The Options Clearing Corporation and the Securities Exchange Commission relented, allowing exchanges to offer regulated binary contracts.
Binary options are bets on whether something will happen or not. For instance, you can take a position on whether the Aussie-US dollar exchange rate will go above 1.000… or the euro–dollar exchange rate will fall to 1.3575.
You put money on your market prediction.
If you’re right — say, the euro-dollar does fall below 1.3575 — you collect your original money plus a profit. If you’re wrong, you lose everything you put into the trade.
Those are the only two potential outcomes — all or nothing. That’s why they’re called binary options.
For us penny investors and traders, the beauty of using binary options to play the currency markets is their cost — each binary costs LESS than $100!
Yep, you heard that right. You have a safe and easy way to play the currency markets… starting with the money you’re carrying around in your wallet right now.
The maximum potential gain on your binary is $100. In other words, if your market prediction is right, the option earns you $100 — no matter what you paid for the binary.
On the flipside, if your prediction is wrong, you get nothing. Even the money you paid for the binary disappears.
Here’s a real life example of this powerful new currency trading strategy...
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How Binaries Can Deliver 1,329% Gains
On Monday, June 28, 2010, the euro–U.S. dollar exchange rate stood at approximately 1.2379. That is, one euro was worth 1.2379 U.S. dollars.
But my charting analysis led me to believe the euro was going higher — possibly to 1.2425, maybe even higher.
Nadex binary options let readers play my conclusion.
You could have bought a Nadex binary with a strike price around 1.2425 with a Friday expiration for just $7.
Yes, just $7… with a possible return of $100. But the only way it would pay off was if the euro-dollar exchange rate was above 1.2475 on Friday at 3 p.m.
If you had been holding the binary option that Friday afternoon, Nadex would have immediately credited your account for $100 — good for a 1,329% gain on a $7 investment in just five days.
Wouldn’t it be fun to wake up and see a 1,329% gain in your account?
Here’s how to get started…
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How to Open a Free Demo Account
Binary Options are traded on the North American Derivatives Exchange, or Nadex (www.nadex.com).
Nadex offers a full suite of binary options, covering a nearly endless list of strategies and investments.
Nadex’s binary exchange is very new — so new, in fact, that very few brokers can help you trade Nadex’s options.
So for now, the most efficient way to trade the binaries I recommend is to start an account with Nadex or its affiliate, IG Markets.
To get started, visit www.IGMarkets.com or www.Nadex.com. While the sites are closely related, they have a few differences that are worth noting.
Nadex offers a free limited-time trading demo. Once the demo is up, you will need to open a new account — but there are no fees to open an account.
IG Markets requires you to open an account before you have access to the demo account. But don’t worry — there are no fees or even minimum requirements to open a live account. You don’t have to add any money to it until you’re ready to trade for real. And there is no time limit for using the demo account.
If you’ve ever wanted to try the exciting (and profitable!) world of currency trading, I’d recommend you give these binaries a try!
Sincerely,
Abe Confas
Currency Trading Analyst for The Penny Sleuth
P.S.: Stay tuned! Later this week I’ll be back to show you some specific ways to predict the movements of currencies…
Tap into These “Yes / No” Currency Plays for 1,329% is featured at Penny Sleuth.
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