Abe Cofnas has been a full-time analyst of global currency trading for over twenty years and ranks among the top Foreign Exchange (Forex) traders working today. He has written three books on the subject. The most recent, Sentiment Indicators was published in 2010. Cofnas is the managing editor of the Strategic Currency Trader, Agora’s primary source for currencies information. He has also been Futures Magazine’s Forex Trader columnist since 2001, having written over 100 pieces.
Most of my weekly binary recommendations to my elite Strategic Currency Trader revolve around how the latest news will affect currencies, stock indexes or commodities. But it’s important to remember that there are other important intermarket relationships — ones that operate on longer-term scales and are easy to overlook...
For instance, ...read more
Today I want to review one of the primary strategies I use week-in and week-out in my hunt for profits with binary options. It’s been fairly successful, delivering gains of 41%, 70% and 94% over the past few months alone to my Strategic Currency Trader readers...
But first, it’s important to ...read more
Europe’s ongoing debt problems are once again proving that traditional market analysis alone isn’t able to deal with new market realities.
As you know, last Monday morning saw cautious optimism pushing Germany’s DAX index higher. Then Tuesday, it reversed direction when German Finance Minister Wolfgang Schäuble said the upcoming European summit ...read more
Last week I covered one of the important tools I use, parabolic patterns. Today, I would like to cover volatility and how you can use it for binary profits.
Surge-and-sell market turbulence can be translated into a quantifiable property known as volatility. Once we “map” volatility, we can trade it more ...read more
Did you see the cover of The Economist last week?
Inside a picture of a black hole is printed, “Until politicians actually do something about the world economy... BE AFRAID.”
Wow! When a theme makes it to a magazine cover, it can be considered a strong sentiment event. Fear has become so ...read more
Last week I reviewed the fact that big moves in markets are a “new normal” for investors to consider. As my research proved, one-week moves happen frequently, making weekly binaries perfect instruments to play them.
The first installment covered some big commodities and indexes. Today I’ll apply that lens to currencies, ...read more
The biggest binary profits come from big moves in the markets. But how often do we see big market moves?
The answer is, more often than you think.
And today I’d like to share my in-depth research that proves it. The charts below show you the number of weeks that a commodity ...read more
The market chaos of the past two weeks has settled somewhat. This gives us an opportunity to analyze the moves through the mist.
And reflecting like this proves that chaotic markets are not as random as they appear...
That’s because, ultimately, price action can’t hide for long from the powerful capital flows ...read more
How quickly markets can change...
And that got me thinking about other ways to use binaries. Specifically for portfolio protection.
I spent a week at the Agora Financial Investment Symposium in Vancouver. It was a great opportunity to hear my colleagues' thoughts on the economy and learn what readers think about binary ...read more
As you know, the markets are currently driven by two big issues:
Europe's sovereign debt crisis
U.S. debt negotiations
These issues have created powerful sentiment forces that are trumping longer-term fundamentals.
In other words, there is a lot of fear out there.
Investors who cave to fear risk missing large profit opportunities.
On the other hand, ...read more
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