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BP Binary Options Trading
Oil is perhaps one of the commodities that is most influenced by supply and demand. The mere hint of news that a recession is on the horizon can send the markets into turmoil and the price of oil plummeting. News around the US Debt Fiscal cliff talks in December 2012 saw the price of oil react in accordance with sentiment regarding the talks.
British Petroleum, the London-based gas and oil Company, has a global presence. Its main activities include oil exploration and production, refineries, marketing and logistics, trading, generation of power and petrochemicals. The company has made a special effort to invest in and research renewable energy.
There have been a number of notable news stories over recent years. Chief amongst them was the Gulf of Mexico oil spillage for which BP set aside a $20billion compensation fund. The company is a giant and continues to make vast sums from the black gold. With the price of oil set to increase amidst continuous demand increases the company is sure to post profits for years to come.
BP is traded on the London Stock Exchange (LSE) under the ticker BP, and on the New York Stock Exchange (NYSE), also under BP.
The energy sector provides an interesting place for binary options traders to ply their trade. BP has over 20,000 service stations around the globe and is constantly reporting profits, anticipated profits and news on the success of their activities. The media are also hungry for stories about the company, giving BP a strong media presence. Traders can choose to trade BP through either technical analysis, fundamental analysis, or better still a combination of the two. The volume and volatility in BP shares makes the asset an excellent one from which to derive regular binary option profits.
Want to trade BP binary options but don’t know where to start?
There are numerous broker platforms offering BP in their asset portfolio. We have picked out some of the best for you to choose from:
All the brokers` review you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any binary broker from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that binary options trading will become a new interesting and captivating activity that will bring you high payouts.
Take our Trading Simulator and Financial Calculator, don`t loose your chance to learn your level of knowledge and trading skills. After that you will be able to have the personal consultation from the financial broker`s expert for free. Also, you are welcome to join our Chief Membership where you will be provided with more advantages and rewards from binary options specialists. Now you have an unique opportunity to learn binary trading from its most attractive side, so do not stop and good luck!