Daily Market Updates

Daily Market Updates are the ideal decision making tool that can identify investment opportunities, confirm an opinion and most importantly manage potential risk by always including multiple key entry and exit points which are drawn on the chart.

What makes Daily Market Updates truly unique is that every technical alert includes educational commentary and its expected impact. The commentary is available on all alerts and confirms the alert is strong by the leading senior analysts of Trading Central.

1. To use this complimentary service, please ensure you are logged into your 24option trading account first. 

2. Then scroll to "Education" on the main page of 24option trading platform and select "Trading Central". Click "Daily Market Updates" to continue.

3. Alternatively, please select “Daily Market Update” in the interactive notification panel on the 24option Trading Platform as seen below for quicker access to the markets.



4. Once an alert has been chosen, for example "Tesla", the following information can be seen (Press Control F, and type the asset name to find the alert of your choosing):
1. Preferred Scenario: Trading Central Preferred Scenario indicates the most likely directional outcome and is illustrated by the blue arrow on the chart with 2 price targets.
2. Pivot Point: The blue Pivot Point line is the level shown on each key technical analysis. When the price passes and comes back above this level, the preferred scenario is invalidated. The pivot point can be used as a stop loss.
3. Technical Analysis: Support (Red lines) and Resistances (Green lines).
4. Indicators: Type of Analysis used to identify opportunity (in this case RSI and MACD).
5. Comments: Additional information on the preferred scenario, include “Pivot Points, Preferences, Alternate Scenarios, Comments and Key Levels.

5. To open a trade based on the Trading Central alerts:
A) Find the asset in the asset list by typing the asset name in the filter section.
B) Confirm the Lot size, with the Required Margin as mentioned in Step 6.
C) Select a Direction.
D) Finally press the “TRADE” button to open the trade.

6. Note: Important information is provided such as Required Margin, Fees and Leverage. This information can be found in the “info” button. Margin can be changed in the "Lot" size section.

7. Stop Loss/Take Profit triggers can be applied based on Technical Analysis as per Trading Central (Support and Resistances) as seen in Step 4 (point 3).
A) Find the asset in the asset list by typing the asset name in the filter section.
B) Confirm the Lot size, with the Required Margin as mentioned in Step 6.
C) Select a direction (Buy/Sell), once information is analysed and a decision is made.
D) Check (Tick) the “Close at profit” or “Close at loss” boxes. Change the “pips” to “rate” and select 1 of the 2 target prices from the Signal as seen in Step 4 (point 3).
E) Finally press the “TRADE” button to open the trade.

NOTE: Pay attention to the profit and loss highlighted in yellow beneath the Stop Loss/Take Profit fields, potential profits & losses are determined by lot size and the stop loss/ take profit triggers set. Therefore, Choose carefully which target prices is selected.

8. Monitoring open trades, Balance, Profit/Loss and Equity can be seen in the interactive notification panel bottom of the platform.

NOTE: Trades will instantly be in a loss (red) due to the trading fees charged by 24option. Trading fees are spreads and swaps and can be found in information as seen in Step 6 prior to opening a position.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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