There are several currency pairs that are traded actively in the Forex market. These pairs are divided into three categories: the “majors” or the major currency pairs, cross currency pairs and exotics. Among these three categories, the top-traded and hottest pairs are the majors. These pairs are considered popular because it involved the most traded currencies in the world. Besides its popularity, major pairs have high liquidity in the Forex market and are traded in a high volume. These pairs move very rapidly and as a result, creates numerous opportunities for traders who want to make earning in a short-term basis. However, traders who lack experience in Forex binary options trading may suffer from huge losses.
Traders who opt for quick and huge returns on investments should learn the basics of Forex binary options trading. To that end, we have created this comprehensive Win Options Forex guide to give you a walkthrough on how profitable it is to trade Forex options.
Top Facts You Need to Know About Win Options Forex
Fact No.1 To date, we offer a total of 14 Forex pairs in our WinOptions asset index. Most of these pairs include major pairs and exotics.
Fact No.2 Our major currency pairs include the US Dollar, Swiss Franc, Japanese Yen, British Pound, Euro, Canadian Dollar and Australian Dollar.
Fact No.3 Our exotic pairs include currencies from the emerging markets like Singaporean Dollar, Russian Ruble, South African Rand, Egyptian Pound, Turkish Lira and Brazilian Real. These currencies were said to have little trading activities and lower volatility compared to the major currency pairs.
Fact No.4 Different strategies appeal for different currency pairs. For traders who want to profit in the short term may opt for major currency pairs while those who seek for lower risks and returns should go for exotic pairs. Each currency behaves differently when paired with another currency. In order to succeed in Forex binary options trading, technical analysis and assessment is required to avoid pitfalls and common mistakes done by most investors.
Fact No.5 You can trade WinOptions Forex pairs using the digital, One Touch and 60 seconds trading. Payouts offered in these types of options range from 70% to 88%, which is one great reason why traders opt for Forex binary options trading. Expect high returns on investments when you trade these hot assets, however, Forex binary options involve substantial risk of loss if you lack experience.
Fact No.6 There’s a range of educational tools at your disposal. Learning the Forex market mechanism would be easier if you’re armed with the right information. Forex binary options trading require thorough analysis in terms of the market volatility.
Fact No.7 Many traders are driven into Forex trading by the promise of quick and rewarding returns. This is exactly why most traders nowadays prefer the short-term trading. But traders should know that the behavior of each currency is more compatible with the long-term trading. Getting in and out of the trade can be very dangerous and if this is not controlled, traders can easily lose their investments. Extending the expiration time will reduce your exposure to risks and maximize returns.