Currency Pairs

Currency PairsCurrency pairs (forex) is one of the most popular underlying assets for binary options trading. You will find a wide selection of currency pairs available for trading at your binary broker.

Many of brokers also offer trading the South African Rand. Usually the currency pairs involving the rand is USD/ZAR and EUR/ZAR.

The most common currency pairs are:

  • EUR/USD
  • USD/JPY
  • USD/CHF
  • GBP/USD

These are part of what is called Major Currency pairs, or simply ”Majors”.

Major Currency Pairs

There are basically as many currencies as there are countries. And to add to that, currencies also come and go. Currency pairs are divided into categories based on the trading volume of the pair. Those that are categorized as major currency pairs, ”majors”, are those that have the highest trading volume. For instance EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, NZD/USD and AUD/USD are all major currency pairs.

Minor Currency Pairs

Minor currency pairs, ”Minors”, are currency pairs that does not involve the U.S. Dollar (USD). Examples of minor currency pairs are EUR/GBP, EUR/CHF, EUR/AUD, GBP/CHF, CAD/JPY, AUD/JPY and GBP/JPY. Minor currency pairs are sometimes also referred to as ”Crosses”.

Exotic Currency Pairs

Exotic currency pairs are those that include the currency from emerging markets and strong but smaller economies like for instance Sweden (SEK) and Norway (NOK). Examples of currencies from emerging markets are several african and asian currencies including MYR (Malaysian Ringgit), SLL (Sierra Leone), TZS (Tanzanian Schilling), BWP (Botswana Pula) and EGP (Egyptian Pound). Also the South African Rand is included in the exotic currency pairs, most common currency pair being USD/ZAR.

Currency Pairs - USD/ZAR
Currency pairs - Development of USD/ZAR from 2006 to 2016. Chart from xe.com

 

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Binary Options Trading RisksWarning: Binary options trading means substantial financial risks. When trading with binary options never, under any circumstance, trade with money you can't afford to loose. The theory of binaries is simple yes, but this does not mean that it's easy to make money of binary options. To be able to predict the direction of an underlying asset one has to properly investigate all the factors that influence an asset. Always keep this mind.

That said, binary options trading is an exciting way of investing and it does hold a lot of potential. Your stake is your investment and therefore also your risk. Controlling your risk will increase your chances of becoming a successful trader.

Best of Luck and Have Fun!

Binary Options South Africa - BinaryOptionsSA.co.za

Our Binary Options Guide works on desktop as well as on mobile phones like iPhone, Android, Windows Phone and tablets like the iPad and Samsung tablets.

BinaryOptions
SA.co.za
is the South Africa guide to binary options trading. We present trading strategy advice, explain in detail how binary options work and present you with the the best binary brokers for South African traders.

Should you need to reach us for any reason, please use:

Contact Us

Popular Pages

Best Binary Brokers South Africa

Step by Step Guide to Binary Options Trading

Broker Reviews

24option

EZTrader

BDSwiss

IQ Option

Live Rates

Gold Price

External Links:

SABC Business News

Mail & Guardian

Financial Times

GoldPrice.org

Search The Net

 

Binary Options Trading RisksWarning: Binary options trading means substantial financial risks. When trading with binary options never, under any circumstance, trade with money you can't afford to loose. The theory of binaries is simple yes, but this does not mean that it's easy to make money of binary options. To be able to predict the direction of an underlying asset one has to properly investigate all the factors that influence an asset. Always keep this mind.

That said, binary options trading is an exciting way of investing and it does hold a lot of potential. Your stake is your investment and therefore also your risk. Controlling your risk will increase your chances of becoming a successful trader.

Best of Luck and Have Fun!

 

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