One of the most important market news events, the US Advanced Non-Farm Employment Change, is going to attract the serious Forex traders. One of the easiest ways to profit from this news event is by trading Hourly Forex Binary Options. Hourly Forex Binary Options such as USDJPY Binary Options, offer an easier, more profitable and risk-managed way of trading this news event.
The big advantage of Hourly Forex Binary Options is simplicity. You basically just have to trade in the right direction. Your trades automatically close out at the end of each hour. Forex Binary Options offer is a fixed reward of over 80% profit, even if you are only 1 pip in the right direction. This is so simple and yet so profitable.
Another advantage of Hourly Forex Binary Options is that risk is automatically managed within the option. Offering up to 15% payout out-of-the-money, your maximum loss is known in advance, with no need to place stop-loss orders. More importantly, Binary Option risk management is more reliable than stop-loss orders because they cannot be shaken-out due to volatility. Forex Binary Options trading provide true fire-and-forget trading, whereas stop-loss orders only provide that illusion.
In the chart above, the US Unemployment Claims report produced a strong sell-off in the USDJPY. The sell-off began at the moment of the news release, and broke through several support lines on the way down. Trading this news event was very easy. If you believe that the price will go down after the news event, you buy a Put Hourly Forex Binary Options on the USDJPY. If you on the other hand believe the price will go up, you buy a Call.