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Strategy: Binary Options Trading Based on News 🔘🔘🔴
🔍 What is news-based trading?
News-based trading is a strategy where traders use significant economic and political events to predict market movements and profit from price fluctuations.
✅ Pros: High volatility offers opportunities for quick profits; information is available through the economic calendar.
❌ Cons: Risk of unexpected market reactions, short-term fluctuations, and slippage.
How to interpret news?
▫️Use the economic calendar and technical analysis for accurate predictions.