One of the most active and volatile markets in the industry is the Forex markets. It has been said that Forex binary options are the simplest and less risky method of trading as compared to traditional Forex trading. It’s a low-risk, high-return type of investment wherein you can trade on a number of major currency pairs, cross currency pairs and exotic currency pairs. Moreover, you can acquire huge returns of up to 85% in a short period of time by simply predicting the price movement of a Forex pair. As you can see, trading Forex binary options is straightforward and profitable. Investors who are interested in Forex trading should opt for a broker that meets their highest quality of standards.
Banc De Binary Forex binary options is undeniably one of the most exciting and profit-boosting type of options available in the market today. Most of the traders nowadays opt for trading Forex pairs as these can yield substantial returns on one’s initial investment in a matter of minutes. Forex pairs are categorized into three types: major currencies, cross currencies and exotic currency pairs. The hottest and most in-demand currency type of them all is the major currency, simply because the latter has high liquidity in the market and traded in a high volume.
Although Forex trading boasts a low-risk, high return impression for some traders, it can become risky for those who lack experience or knowledge with the price movement of these currency pairs. We therefore recommend for beginners to carefully scrutinize how Forex trading works in real-time to reduce risks and minimize loss in the future. To that end, we have designed this comprehensive Banc De Binary Forex guide to orient you with the basics of Banc De Binary trading.
Top Facts You Need to Know about Banc De Binary Forex
- To date, we have a total of 31 Forex pairs available for trading. Most of these pairs include the top-traded currency pairs in the markets today, including EUR/USD, USD/CAD, EUR/JPY, USD/CHF, GBP/USD, AUD/USD, EUR/GBP and AUD/CAD. What you will love most about Forex binary options trading is that the payout rates never change. The returns on investments are so high that it could reach up to 85% in every in-the-money trade you make. However, since the payouts are so high, expect for a higher trading volume.
- Banc De Binary Forex pairs can also be traded on short-term trades such as 60 seconds, 2-minute and 5-minute options.
- We mentioned a while ago that Forex pairs are categorized into three types: these are the majors, cross currencies and the exotic ones. Major currency pairs involve the most important currency in the market, the US Dollar. Then the latter is combined with one of the other significant currencies such as British Pound, Euro, Canadian Dollar, Swiss Franc, Japanese Yen and Australian Dollar. Trading on these currencies could be beneficial to those who opt for earning in short-term, but could pose a lot of risks to those who lack experience.
- Meanwhile, currency crosses do not involve US Dollar. These pairs move very slowly and are not as volatile as the major pairs. Those who seek for lower risks and return may opt for currency crosses.
- Lastly, the exotic currency pairs are Forex pairs from the emerging markets. The pair does include US Dollar, but this time it is combined with other non-major currencies such as Norwegian Krone, New Zealand Dollar, South African Rand and Swedish Krone. These pairs have lower volatility as compared to the majors, since these have minimal trading activities.