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Commonwealth Bank Binary Options
Binary options are preferred over many other investment mediums due to their relative simplicity and the variety of assets that can be traded. Traders can choose from Currencies, Commodities, Indices and Stocks. The range of companies is similarly broad with every sector represented. The Commonwealth Bank of Australia is an interesting financial stock that is available on several trading platforms.
The Commonwealth Bank was established in 1911. It was formed by the Australian Gov. and is now one of the main drivers in the Australian economy; the services that it offers include retail banking, corporate banking, and institutional banking. They also offer fund and wealth management services. The majority of their business is located in the Asia-Pacific region but they also operate in the US and UK. Privatized in 1996 the company now has its headquarters in Sydney, Australia.
The Australian economy has been somewhat protected from the economic crisis the world has suffered, mainly due to its location and market partners. The main effect the global financial struggle had on Australia was through confidence depletion. After a drop between 2008 and 2009 of over 50% in share price the price of Commonwealth Bank stocks recovered to near its former level by 2010. The volume of trading Commonwealth Bank shares has been consistent and binary options traders have found daily opportunities to make huge profits.
Binary options traders looking at the Commonwealth Bank stocks should study financial statements, news, reports and the Australian economy in their fundamental analysis. The daily volumes and price fluctuations mean that traders can concentrate a great deal of their attention on the charting patterns of the stock. There are many sources available for this information and signal providers can provide an excellent starting point.
Commonwealth Bank has been listed on the Australian Securities Exchange (ASX) since 1991. It is found under the ticker CBA. It is also a constituent of the S&P/ASX 20 MI.
Interested in trading Commonwealth Bank binary options?
We have picked out two of the best binary option broker platforms on which you can trade Commonwealth Bank binary options:
All the Commonwealth Bank binary options brokers reviews you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any of Commonwealth Bank binary options brokers 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.
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