Marketsworld.com have up until recently been quiet in providing market news and information however, this is something that seems to be changing and they are starting to provide some quality information and opinion on Binary Option trading. Today they have commented on this weeks events on the Dow following a fake tweet that caused the US Stock Markets to plummet as seen here:
Fewer than two weeks ago we wrote an article relating to the close relationship between global news and the world markets; how one can affect the other and vice versa, the full article can be read here. It seems the timing of this article was quite prophetic when one looks at this week's events in Washington.
On Tuesday 23 April it was reported that the White House had been hit by two explosions and that Barrack Obama had been injured as a result. This news report was tweeted from a hacked Associated Press account and on release sent the Dow into freefall. Those traders using these fundamental indicators will have profited nicely from taking a position in the market.
On release of the fake tweet the market fell off a cliff and plummeted 143 points and on acknowledgement that it was an erroneous report, the market almost immediately retraced. Remarkably this happened all within the space of 10 minutes.
For sharp traders this flash crash gave them the perfect storm for trading the market with Binary Options and many immediately placed a put option on the news of an explosion and a call option on the news that it was a false alarm, ensuring that profits were made on both sides of the swing.
MarketsWorld felt the impact of the news with large number of customers placing put options as soon as the news surfaced and call options on the bounce, thus profiting from these events in a short space of time. Bruce MacLean, PR Manager of Markets World commented "this week saw unprecedented market action in a very short space of time with the Dow experiencing a flash crash on Tuesday and we obviously had a spike of activity from our customers looking to take a position when these events transpired."
In an age of social media it is clear that traders need to keep a close eye on newsfeeds to benefit from such swings and this event underlines the importance of keeping up to date with real time information from normal news wires but also with social media.
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