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Currency Trading in Binary Options

Currency Trading in Binary Options

The foreign exchange market is the global market for currency trading. It is commonly known as forex trading, which is a global cash market where you trade on national currencies as pairs. In pair trading, you trade on the relative level of performance between two assets Can be stocks, commodities, indexes or Forex currency pairs. More . The main currencies are: US Dollar ( USD The USD The USD is the official currency of the United States of America. It is the largest reserve currency... More is the official currency of the United States of America. It is the largest reserve currency... More ), Euro ( EUR The EUR The EUR is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More is the official currency of the European Union. Presently 19 out of the 28 collective  nati... More ), British Pound The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More ( GBP The GBP The GBP is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More is the official currency of the United Kingdom. The GBP is a major currency and currently ra... More ), Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen The official currency of Japan is the JPY which is also knows as the Japanese Yen to investors and t... More to investors and t... More ( JPY The official currency of Japan is the JPY The official currency of Japan is the JPY which is also knows as the Japanese Yen to investors and t... More which is also knows as the Japanese Yen to investors and t... More ), Australian Dollar (AUD), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD).

The volume of currency trading is considered to be the largest in the financial world. The foreign exchange market is considered to be very lucrative for investors, thus its ever growing popularity. Binary options investors trade on the rate of one currency vs. another, For example: EUR/USD, USD/JPY, AUD/USD, etc.
Investors choose binary options to trade on currencies because they can consider each currency as an underlying asset Can be stocks, commodities, indexes or Forex currency pairs. More . Currencies correlate to one another as well as to popular commodities, for this reason pair trading is the best tool to use.

Most traders know that when it comes to trading on currencies the best platform to use is binary options, due to a number of reasons:

1. You can trade on a number of currencies in various markets, around the clock. The Australian opens on Sunday evening at 22:00 – 07:00 GMT, Tokyo opens at 00:00 GMT, London opens at 08:00 GMT, and the New York Market opens at 13:00 until the close on Friday afternoon at 22:00.
2. You are able to maximize your profits quickly. The value of currency trading is estimated as 10 times more lucrative than other global financial markets, approximately 4-5 Trillion US Dollars on a daily basis. For instance, the combined trade cycle of NYSE, NASDAQ and AMEX is only $40 Billion daily.
3. You know in advance how much you stand to profit. the amount of money you stand to earn is indicated beforehand, per position.
4. Smart money & risk management. you decide in advance the amount you want to invest per trade, you can start for as little as $5.
5. The currency exchange market is separated into levels of access, as opposed to the stock market.
6. No margin.

Forex includes trading between central/commercial/Investment Banks, large multi-national corporations, hedge fund managers, currency brokers, institutional /multinational corporations, governments, currency speculators, day traders and others.

When it comes to currency trading it is important to choose the right broker to trade with. MaxOptions is one of the few that offers traders with live prices collected as an average price from 700 banks worldwide. As a trader you can assess the market trends when you are given real prices, with MaxOptions you can be sure that the prices are as real as your profits stand to be.