LIMASSOL, Cyprus, Dec. 12, 2013 /PRNewswire/ -- Holiday shopping season has officially started with the passing of the infamous Black Friday and Cyber Monday shopping days. This year, American shoppers will have less time to get their holiday gifts purchased due to how late Thanksgiving fell in November. The economy is also still recovering from the recent recession, meaning many families are trying to rein in their spending, which has a significant impact on binary options trading.
This drop poses a great opportunity for those who engage in binary trading. When consumers feel confident, they are more apt to spend, while a lack of confidence tends to inspire people to save more "just in case." If consumers are not spending during the holiday season, that indicates future drops are highly possible, meaning that those who engage in binary options trading need to adjust their strategies accordingly.
In anticipation of the short shopping season, many retailers started advertising much earlier ahead of Black Friday to stir consumer interest, and several even opened on the evening of Thanksgiving itself. Despite these efforts, many shoppers took advantage of the deep discounts, only to stop shopping and go home. This behavior impacts binary options as average spending, both in stores and online, dropped as much as 4% over last year, further suppressing stock market prices due to low confidence.
Some suggest that the decreased spending on holiday shopping is a result of increased spending on new vehicles and homes. These bigger purchases have a positive impact on binary options overall due to the increased long-term spending they represent. As a result, there will likely be an increase in binary trading activity. Many investors will also likely leverage their binary options bonuses to increase their overall returns.
In addition to this positive news about new vehicles and homes, another positive indicator is that brick and mortar sales increased by 2.3% over last year. With these signs of a good economic recovery in place, now is a great time to use a binary options bonus to increase spending power and take advantage of the potential gains in the stock market.