Bringing in the Festive Season with Binary Options Trading Competitions by BigOptions

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Bringing in the Festive Season with Binary Options Trading Competitions by BigOptions

The exclusive trading competition for Christmas and New Year has been launched by BigOption. BigOption is offering its traders this festive season with a brand new trading binary options concept to bring in more thrills. This tournament offers the ability for traders to compete against one another and demark themselves as binary options trading champions. Over $10,000 in cash awards will be offered to the top 5 traders.

Launched on December 17, 2020, this competition will last until January 17, 2020. All competition winners will be announced on January 19, 2020. The biggest benefit of this competition is that new traders will not have to invest large amounts of money to enter. There is only a $500 minimum deposit required (take a look at Optionrally where the minimum deposit is only $250)

The platform on BigOption has a fully integrated leader-board page and requires no third party or download software in order to access the trading tournament. The rules for the competition are outlined thoroughly to maintain transparency and avoid any misunderstanding during the tournament. In order to join the tournament and participate, traders have to enter their credentials like their name on the platform. Once their account is active, they will find a big selection of trading tools to help maximize their winning trades. All levels of traders can adapt to the trading tools and experienced, expert traders will be there to offer assistance to help traders get higher scores, increase winning chances and generate profits.

Traders will have the ability to monitor the evolution of the competition through the leaderboard. The leaderboard list will include the top 15 leading traders and will include their initials, their ranking and their winning amounts. Other traders can check the ‘Check my Rank’ button to see how near they are to the leaders.

BigOption’s Marketing and Communications manager, Priscilla Camryn, is extremely happy about the tournament. She claims all efforts were invested into offering traders a platform that is secure for trading for the festive season. The intent was to reward the best performing traders for the Christmas and New Year season.

This is a huge encouragement for enthusiastic traders who are looking to really bring in the festive season with a bang. It is a huge one-time chance for traders to join in and secure the first 5 places and be rewarded up to $10,000 worth of cash prizes. BigOption’s officials will be monitoring the competition to ensure unbiased support and fair treatment.

US Stocks Slip Due to the Continuing Slump of Crude Oil

Since Monday, US Stocks have been slipping due to a big slump in the price of oil. The market is keeping a close eye on the Wednesday’s Federal Reserve meeting. The Dow Jones Industrial Average plummeted around 0.2% or 27 points to 17254. The Nasdaq Composite Index went down 0.4% or 16 points to 4637 and the S&P 500 index went down 0.1% or 1 point to 2001.

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In the afternoon trading was when US stocks decreased the worst brushing off big declines in European stocks and emerging markets. In these particular regions, investors were looking for safety while anticipating the Federal Reserve meeting later this week where increased short-term interest rates can be signaled through officials. Indonesia and Russia currencies were hit Monday as well as Thailand and Malaysia. There was a 5% slide as well last week when there was a 2.2% drop in Europe’s Stox 600.

While oil prices continued to bounce off session lows, the midday recovery came. At $56.58 a barrel, crude oil dropped 1.2% and fell as much as 3.3% before 12pm. In June, the price of oil slumped from their highs during slow economic growth and global oil surplus concerns which has hurt demand.

According to Brokerage Firm ITG’s head of sales (see all regulated binary options brokers here), Brian Fenske, correlated trade like this continues while the S&P tends to be connected with crude oil prices. When compared to other sectors, the energy stocks in S&P 500 did much better. Traders state that some of the better-performing positions were being cut back by investors reaching the end of year.

In the S&P 500, the worst performing was utilities. Despite the 0.6% decline on Monday, year-to-date, they are up 19%. In addition, despite the increased 33% for the year, the Nasdaq Biotechnology index was 1.7% down on Monday. The Jones Trading Institutional Service’s head of exchange traded fund trading, Dave Lutz feels that even though there is an increase in concern to the investors of how fast oil is declining, he does not think it is the cause of any huge equity angst. Profits are being made.

When it comes to energy companies, they are rising with Exxon Mobil Corp at a 1.1% gain and Chevron Corp at a 0.4% gain. The Dow industrials experienced their largest weekly loss last week since November 2020, when the Eurozone debit crisis shook markets. During this week, the S&P 500 declined the most since 2020.

In light of that, US stocks, despite the losses of last week, still remain 5% below their average all-time highs. Although some investors feel the resurgence in market volatility caught them off guard, they still believe the decline in the price of oil will after a while; benefit the US economy by reducing the price of gas and boost spending.

Investors will most likely focus on the Federal Reserve meeting being held later this week. Participants will be ultimately looking for a reaction to the weak inflation and downturn in the price of oil and any hints on interest-rate increases.

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