Oil Related Binary Options Trades
If you are considering placing some oil related Binary Options trades today or in the coming few days then it is worth noting that the current global price of oil is currently at the lowest seen for quite a few years now and as such you should be taking a very liberal look at which way you will be placing those Binary Options trades.
Over in the UK competition is currently at is fiercest between petrol retailers and UK drivers are finally beginning to see some fruit of the drop in oil prices that has seen the cost of a litre of petrol being offered at the pumps dropping as low as £1.20 which is a price last seen in 2011.
There are warnings from industry experts that the price of a barrel of oil is likely to reach a figure of $80 in the coming months, and that does of course mean that any Binary Options trades you choose to place on oil related companies need to be well thought out for this drop in oil price will affect the share price of many such companies if it continues.
With all of the current turmoil in Middle Eastern countries such as in Iraq a drop in the price of a barrel of oil was not something many Binary Options traders saw coming and there has been a huge number of traders on the wrong side of oil related trades recently.
However, we have warned before that it is not just the retail price of petrol that traders should be keeping any eye on for there are many other factors that can and will affect the price of oil globally, but it does seem that the price is going to continue to drop and you should be basing and placing your trades accordingly.
As you need to proceed with caution it is worth noting that if you are new to the world of online Binary Options trading all of our featured and top rated Binary Options Brokers listed and reviewed on our website will give you access to a sign up bonus when you place your initial deposit at those sites, and as such it may be worth you considering to sign up to several of those sites and use the bonus funds to place oil related trades in the coming days or weeks, as that is a fairly low risk way of placing such trades using those bonus trading funds!
