Originally posted by Bogdan G. Click here for the full review
Trading Commodities: Facts
One of the best things about Binaries is that you can trade them on a lot of underlying assets and in a way; they merge all the important financial markets together. By using a single platform, you can trade Binary Options on Currencies, Stocks, Indices and Commodities. Today we are going to focus on Commodities as a tradable asset.
Oil Overlook Trading Exchange
: NYSE, NASDAQ, NYMEX and other important exchanges
Monday Friday but your binary broker might have different trading hours for this asset so check with them for the exact times
Brokers offering Binary Options on Oil:
Almost all Binary brokers offer binaries on Oil
My Advice on Oil in 50 Words:
Its price is highly influenced by wars (during times of war more Oil is used for the Army) and by Oil spills: if a sea platform owned by a leading Oil extracting company is hit by disaster, that company will extract less Oil so the Supply will go down, making price to go up.