Binary options trading is not difficult to master, but the fact remains that the best options traders always use a combination of technical and fundamental analysis techniques to determine the optimal asset types and trading time periods for each transaction. These techniques vary widely from trader to trader, but most traders can readily identify whether they feel more comfortable trading in foreign exchange, stocks or commodities. Deciding which assets to trade is an important, but small, aspect of binary options trading.
More important than this is learning to read investor behavior and the direction of the market. This technical analysis can lead investors to easy money and simplify the trading process -- reading asset activity is more difficult than reading the market, and in a process as simplistic as binary options trading, being able to predict the behavior of other investors is often the only skill necessary for success.