Stable currency for binary options

Both professional and novice traders choose this currency pair. Such popularity is explained by pretty high level of volatility. The GBP exchange rate is determined by economic and political local news. Another source of influence is Eurozone economy. The trader should monitor closely not only the British, but also the European news.

The pound is also sensible to the reports about retail sales, inflation, unemployment rate, growth or fall of GDP. While some reports are issued once a quarter, others come out every month.

Binary Options Currency Pairs and Volatility - Trading Article | IntelliTraders

Make a habit of checking with the economic calendar in order not to miss the new data. You should not underestimate political situation inside the country, although is it rather stable. Remember that both the pound and the US dollar are reserve currencies, which means that they are highly reliable assets and represent strong world economies.

The American dollar is influenced by the same factors. Focus on reports about unemployment, business activities, and retail sales volumes. FRS meetings, where the future economic support measures, deserve special attention.

During the Asian session, the currency pair is usually stable.

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Stable Trading Currency Pair USD/EUR — Binary Option Expert

Binary options trading is a speculative activity that suits not all investors. Binary options trading is associated with the risk of large financial losses. You should not invest more than you can afford to lose.

Bear in mind that the amount of your losses may equal to the amount of your initial investments. You should not start trading unless you fully understand the level of risk you put your money at.

Our website performs informative function, and its contents should not be used as tips for entering the binary options market. Any trading transaction made by the user is fully under his or her responsibility.