Trading stocks is often complicated, but with binary options, the process becomes much simpler. When all you have to analyze is whether share prices will rise or fall, stock trading is a much more attractive option. To make it even easier, try to choose from the most popular stocks to trade. With a little practice, you’ll quickly start to recognize trends, helping you profit more.
The Top 10 Stocks To Trade
Before delving into the why, take a look at the ten most popular stocks to trade. While these aren’t the only stocks available to binary options traders, they are some of the best to work with. For best results, start with these stocks before adding more variety to the mix. These will help you learn more about the market and how to recognize vital trends and analyze market signals.
Both beginners and advanced traders trade at least a few of the following:
- Google (GOOG)
- Microsoft (MSFT)
- Apple (APPL)
- Exxon Mobile (XOM)
- Vodafone (VOD)
- Coca Cola (CCE)
- Nike (NKE)
- McDonald’s (MCD)
- Citigroup (C)
- Boeing (BA)
All of these represent major companies who are leaders in their fields. Most make up some of the largest world markets for their industries. All are also common household names, making them easy to recognize, understand and follow.
In addition to these stocks, consider trading the companies’ competitor’s stocks as well. Based on different events, you can predict whether competing companies’ stock prices will change and how.
Top Reasons To Trade
The stock exchange is filled with options, so why these ten? The answer is simple – following the news on these companies is easy to do. Before you decide whether a stock’s price will rise or fall, you must first analyze the latest company news and news of the company’s competitors. For instance, if Samsung was to suddenly win a lawsuit against Apple, Apple’s stock price might fall slightly while Samsung’s could rise.
Since these are all major corporations, they’re constantly innovating. With the introduction of new products or markets, stock prices will rise in anticipation and possibly fall if new changes aren’t well received. The bigger the company, the easier it is to predict price changes. The changes in these stocks also help predict changes in related companies.
Whether you use them as a starting point or simply in relation to other stocks, these are the most popular stocks to trade for binary options traders. Even when they only fluctuate by a few cents a day, it’s still enough to profit when you correctly analyze recent news and events related to the stock’s company.