Binary Options Trading Guide: Choosing the Right Asset
by
Vasil Velev
Binary options brokers present ever diverse asset lists, but the trader's decision on which ones to place their deposits should not be determined by a sense of adventure but rather with sticking to what works.
One notable way for binary options brokers to stand out from the crowd and differentiate themselves is by their offered asset class array: the more exotic and diverse, the better.
As competition grows fiercer, today you can find pretty much every kind of asset you want to trade. The question then arises. The first thing to take into consideration would normally be the payout provided by the broker. Higher payouts are usually applied to options on assets with high Liquidity , such as euro and US dollar.
Apart from the payout, liquid assets provide smoother charts with less gaps, which are clearer and easier to grasp. That is to say, they provide more information.
Currencies also deserve to be an equally important point of discussion when choosing trading asset, timing. The USD/EUR pair, for example, is most active during the European and American trading sessions, and that should be the time to put your money on.
Once again, picking the right asset is entirely subjective. Some will want the commodity they know and feel comfortable with, while others will prefer to follow the news and go for the hottest stock around. Since trading is about making money, it is imperative to know every fact about the preferred asset. Largely speaking however, unless you possess some kind of insider tip it is best to choose the most liquid assets and options, with the highest payouts and trading hours that best fit your daily schedule.
One notable way for binary options brokers to stand out from the crowd and differentiate themselves is by their offered asset class array: the more exotic and diverse, the better.
As competition grows fiercer, today you can find pretty much every kind of asset you want to trade. The question then arises. The first thing to take into consideration would normally be the payout provided by the broker. Higher payouts are usually applied to options on assets with high Liquidity , such as euro and US dollar.
Apart from the payout, liquid assets provide smoother charts with less gaps, which are clearer and easier to grasp. That is to say, they provide more information.
Currencies also deserve to be an equally important point of discussion when choosing trading asset, timing. The USD/EUR pair, for example, is most active during the European and American trading sessions, and that should be the time to put your money on.
Once again, picking the right asset is entirely subjective. Some will want the commodity they know and feel comfortable with, while others will prefer to follow the news and go for the hottest stock around. Since trading is about making money, it is imperative to know every fact about the preferred asset. Largely speaking however, unless you possess some kind of insider tip it is best to choose the most liquid assets and options, with the highest payouts and trading hours that best fit your daily schedule.
US Operator of Binary Option Brands Fined $516K for $10M Scam
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Don't miss out on this 5-second invite packed with energy and urgency!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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