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The problem is he feels he is at a great advantage, citing his ability to read a bunch of charts, follow news, etc. Some online brokers of binary options trading do this too, but they hide it in the fine print. The usual binary option trades where you have to predict whether the market will be up or down from the current level at the expiry time. The rest of the strategy is pretty straightforward. For instance, when report of US unemployment rate comes out, the currency market becomes volatile; this is how the market reacts most of the time. You can use a virtual money account for now.

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