Most binary option brokers today offer wide selection of forex binary options with dozens of different currency exchanges to choose from. With the provided diversity of assets, you can take advantage of the market anytime, since the market is almost always open!
For example, for early birds, EUR/GBP is a great pair to invest in, since the trading hours for this pair start from 7am.
For owls with trouble sleeping at night, USD/Singapore Dollar is a great choice since this pair’s trading hours start from 2 am.
Then there are pairs available 24 hours every day, such as Euro and Japanese Yen, Australian dollar and US dollar.
How to Profit from Binary Options Forex?
Forex binary options brokers allow you to make profits at anytime, anywhere, as long as you have internet access, computer or a mobile device.
Make a decision about the direction of the selected asset price. It’s doesn’t matter when the currency prices close! The outcome of a trade depends on the precision of your forecast. Fundamental and technical analysis can help you make most educated investing decisions and maximize the profits from forex binary trading.
For example, you need to figure out how EUR/USD price will react in the next half an hour. Think the currency pair will go up? Click on CALL and wait for the option to expire.
If you are right, you can get up to 90% return! This means, with an initial investment of $500, you get $450 in profits! Now your trading account is filled with $950 and it’s not even the end of the day yet.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.