Currency Pairs Binary Options Trading

92% of traders opt to merchandise forex options compared to the other markets. Today we will talk almost the best currency pairs to merchandise. When trading binary or digital options on IQ Option, you tin can cull amidst different fiscal instruments. These include forex, commodities, stocks and cryptocurrencies.

The chief reason for forex options’ popularity is that forex options have ameliorate returns that ordinarily exceed eighty%. The currency pairs on offering are numerous, giving you more alternatives to cull from. In improver, unlike cryptocurrencies, currency pairs don’t have loftier volatility making them easier to trade.

Compared to stocks and commodities, cost fluctuations in currency pairs occur more ofttimes. This makes it easier to enter several trades per day. If you lot’re interested in trading forex options on the IQ Option platform, this guide will show you how to cull the right currency pair.

How to choose the best currency pairs to trade on IQ Option

What are the best Forex pairs to trade?

The all-time currency pairs to trade are of course the major currency pairs. It is common to consider EURUSD, USDJPY, GBPUSD, and USDCHF equally the major currency pairs. In addition, so-called commodity pairs such as NZDUSD, AUDUSD and USDCAD can too be added here.
These pairs are as well the best currency pairs to merchandise for beginners.

If we were to create a list of the top 10 currency pairs to trade, I would add GBPJPY, EURCHF and EURJPY to the in a higher place seven pairs. This list of 10 volition allow you to choose your best currency pairs to trade on IQ Option.

Steps how to avoid trading during times when news is released

Many of the currency pairs are affected past news releases. This means that at some point during the trading session, the currencies will experience some volatility. I would advise you to avoid trading during these times especially if you cannot handle the oestrus that comes with high volatility.

The get-go thing to exercise is to identify when different markets open up based on your time zone. For example, a trader in Vietnam will do good from the open Asian and European markets during the twenty-four hours. The North American markets on the other paw are open up when it’s night in Vietnam.

Your next step will exist to identify when news releases are common in different markets. All market news are usually released in the morning. But, consider the markets. If a news item affecting USD is released, it will exist a late evening in Vietnam.

If a news item affecting GBP is released, information technology might be afternoon in Vietnam. Using this knowledge, you volition have a good idea nearly when it’s all-time to trade a particular currency pair without beingness afflicted by a news release. Using the to a higher place examples, you tin trade the USD/GBP currency pairs during the morning time hours.

During the evening sessions, you can trade the JPY/AUD pair to avert whatsoever news released in North America.

You’re probably wondering whether you should merchandise dozens of currency pairs trying to avoid volatility caused past news releases. I’ll address this question side by side.

How many pairs should you trade?

I know you recollect this would be leaving money on the table. With over fourscore currency pairs on offer on IQ Option why would y’all want to concentrate on simply one pair? The reasons are explained below.

Acquire your currency pair inside out

In trading, knowing your marketplace plays a huge part in your success. How much time would it have you to truly empathise the over 20 currency pairs – and profitably trade them?

Choosing just one pair shortens the time betwixt learning and trading. It also makes information technology easier to transition between trying out a strategy on the IQ Option do account and implementing it profitably on the real business relationship.

Now using the steps to avoid news releases when trading, y’all’ll know the exact time frames it’due south safe to merchandise your currency pair. Then yous won’t exist pressured to trade every single hour of the 24-hour interval but to brand profit.

Y’all won’t accept many open trades running simultaneously

Recollect about this scenario. You’re trading AUD/USD, JPY/AUD, EUR/USD and AUD/EUR at the same time. At present, which 1 volition y’all follow more than closely? Yous want to brand profit in all trades. But what if they all lose? That’due south a lot of money to lose at once.

Trading 1 currency pair allows you to follow the market closely. Even if a trade loses, you’ll be able to analyze the charts and discover what it is you did that led to the loss. Besides, trading just one pair means yous won’t need to acquire how to use many strategies and indicators. It’southward time saved and potentially more than profit for you.

Less mental strain

Consider the scenario I shared higher up. Having more 1 open trade means you are increasing pressure on your mind.

Anxiety, fear, greed and other emotions volition somewhen accept over, especially as the trades near their expiry. Information technology becomes harder to concentrate. Once concentration is lost, it’s very likely that your trading functioning will decline to lead to losses.

Trading a single currency pair reduces this mental strain. Information technology allows y’all to focus on that specific trade without having to worry about how much coin you could make or lose if you had several open up positions.

Choosing the currency pair to trade should exist a subjective decision only y’all can brand. Following the steps, I outlined to a higher place it should be easy.

Which forex pair is best for day trading?

Any ranking is won by the EURUSD pair, which has the highest trading book in the unabridged strange exchange market place. It is the most ofttimes traded pair. Nosotros have researched many strategies and methods and have years of trading behind united states. We tin can confidently say that EURUSD is the best currency pair to trade and information technology is worth watching. Many commonly used trading methods produce the best results when trading the EURUSD.

Options Trading with best currency pairs to trade on IQ Choice

IQ Choice offers hundreds of options derived from different nugget classes. Your main objective is to find the right fiscal instrument to trade from these assets.

Patience is required when trading ane currency pair on IQ Option

In many instances, yous won’t discover many suitable trade entry points when trading currency pairs. Merely whenever you observe one, profits are almost assured. Trading options is a waiting game.

Now, to increase your chances of making money trading currency pairs, I would propose using strategies that work both when the markets are trending as well every bit ranging. This will open up up more opportunities to trade profitably.

What are your best currency pairs to trade on IQ Option? Why did y’all cull it and what’s your trading strategy. Share your thoughts in the comments section below.

Practiced luck!