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Daimler AG Binary Options
As a binary options trader it is possible to trade on a wide array of assets. Some newbies to the industry are under the misconception that binary options are all about currency trading. In reality it is possible to pick specific company stocks on which to trade. In the automobile industry it is common to see binary options traders investing in BMW, Fiat, Hyundai, and the stock we are going to look at now, Daimler AG.
Daimler AG was formed when Mercedes Benz merged with Chrysler Corporation with the intention of forming a transatlantic car producer. The merger failed and Chrysler was sold off. The company now makes cars, vans and trucks under the Mercedes-Benz, Smart, Freightliner and Maybach brands.
Daimler AG stock can be found on the Frankfurt Stock Exchange under DAI, and is also featured in the DAX index. Binary options traders can use news and research on the company to either trade directly on the stock or contribute to their research on trades on the DAX index.
The world has changed significantly since the credit crunch of 2008. With rising fuel prices being felt more keenly than ever the public demand for more fuel efficiency is driving manufacturers to adapt, innovate and release new products. The competitive nature of the industry, and these new product launches, provide a suitable environment for binary options traders to eek out profits.
The company is, by sales volume the 13th largest car. and second largest van/truck manufacturer in the world. With increased economic prosperity in the world Daimler AG trading will be well positioned to benefit from their quality brand image. Daimler AG stock can be an excellent additional asset to add to your research and trading portfolio.
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