Tag Archives: trading currencies

Choosing the right currency pair?


In the financial markets, currency pairs tend to behave differently from one another. Some are highly volatile for example the GBP pairs and some generally slow and with low volume, like the NZD pairs. What currency pairs are the best in binary options trading? The answer is they are all great, depending on the strategy, you can make profit on any given pair in the markets. The most popular currency pairs are the EURUSD, GBPUSD , USDJPY and AUDUSD. These are the most traded pairs in binary options.

If your trading strategy is a reversal based strategy, slow moving pairs will be more profitable, and for trend following based strategy, volatile pairs will give you the best results.

How To Trade Binary Options


How To Trade Binary Options

To become a successful trader, it is important to know how to trade. This is a question every trader has asked, at one point in his/her career.

  • Learning the basics: It is important to become familiar with binary options trading terms. Some of this include; Call, Put, In the Money, Out of Money, Expiries etc. After mastering these terms, you’ll be able to navigate binary options platform and know exactly what you are looking for.
  • Picking a Data source: Each trader should have an external source of data and not rely solely on the one provided on the trading website. It could be online charts or other trading softwares like Ninja trader, e-charts or the most popular one, Meta trader.
  • The next thing to do is to find a strategy that gives a profitable win-loss ratio. This is the most important, having a strategy that works. For novice traders, you could use charting softwares to create strategies using inbuilt indicators like Moving averages, Stochastics, Bollinger bands etc. Once you have a strategy that has an edge, you are ready to start trading.
  • The following step is obvious, you’ll need to create and fund an account in order to start trading. You can check out this page to see some of our recommended brokers. Before funding an account, it is important to look at the platform and see if it meets your requirements. For example the minimum and maximum per trade, minimum per deposit, and also to do some research and find out if the site is reliable. All this matters when you want to invest your money in a binary options broker