Binary Trading

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Binary trading has become one of the most popular trading markets available. It has far eclipsed ,trading in stocks, options and many other trading vehicles. Its popularity is due to both its simplicity and the fact that it has now been made available to retail traders. That means traders just like you can have access to this over-the-counter market.

You will come across a currency pair like the EUR/USD. The EUR value is quoted against the current price of the US dollar. If the EUR price rises against the dollar, then the dollar price is sinking. The reverse is also true. Quite simply, your goal is to BUY this pair low and SELL high (ideally for a profit, although sometimes losses occur). You can also SELL low and then BUY high (this is called shorting the currency pair). Many factors will move this price, these include geopolitical events, fundamental news events, data releases like inflation and consumer data and even speeches by Presidents and members of the Fed.