Siemens’s impact is so vast that few of us realize just how big a part the German company plays in our day to day lives.
You could wake up in the morning and watch some Television on your Siemens TV, get in your car with engine parts made by Siemens, stop at a traffic light which is also made by Siemens, head over to the local hospital for an exam, most likely with an instrument made by Siemens and at the end of the day, head to your home with its running electricity, usually coming from power plants equipped with, you guessed it, Siemens turbines.
With so many large markets, we can hardly fault you for looking into a binary options investment on Siemens, but before you dive in, here’s a little more about the German industry giant.
Siemens began as a communication company (of sorts) in 1847, its initial developments included technology to prefect and advance the telegraph, though quite quickly the company started actually deploying telegraph lines between different locations within Germany, advancing quickly to communications between Germany and other European destinations such as London and St. Petersburg and by 1867 it completed the building of the incredibly complex Calcutta to London telegraph line – nearly 7000 miles long, a rare feat for those days.
Later in the 19th century the company began making advancements in electrical power and engines, it was responsible, amongst other things for the first ever electric street lighting.
By the time World War 2 started, Siemens was one of the top manufacturing companies in all of Germany, and was making anything from radios to microscopes, but it was also famous for being one of the companies the Nazi regime most relied upon to manufacture various components for their military and for concentration camps a point which continued to haunt it for many years.
After the war, Siemens returned to concentrate on advancements in the fields of electricity, computing and medical instruments, the company broke multiple boundaries in technology for anything from telephone lines to washing machines to pacemakers.
Siemens also attempts to build towards its future; it has one of the largest graduate programs in the business world, and has been maintaining it since it was first established in 1922, the program helps university graduates become established members of the Siemens group by allowing them to try their hand at a few different fields within the company before settling within a division.
It is rather difficult to point out a specific area on which one must concentrate when approaching a trade in Siemens binary options since the company “trades” in many items, but perhaps the best possible advice would be to concentrate ones efforts on innovation as a whole, specifically within the fields which compromise the majority of Siemens’s business – Industrial automation and the medical/health care division are the largest division in terms of the percentage of business they bring in.
And there is a lot of business to be had; between itself and its many subsidiaries Siemens employs almost 350,000 people and with yearly revenue in excess of €75 billion the company remains one of the largest in the world, whatever the field of interest may be.
We hope you never have need of any of Siemens’s many medical instruments, but should you decide to invest in Siemens binary options your profits will definitely have an engine to help their growth.