Enhance your Know-Hows on One Two Trade’s Forex
One of the most in-demand assets when you trade One Two Trade binary options is the currency pairs. One Two Trade Forex or currency pairs are among the top traded assets. Although these assets often yield high returns, they are also prone to sudden volatility. That’s exactly why you should consider this factor when you decide to trade a certain currency pair.
Once you start trading binary options with One Two Trade, you can readily notice that Forex or currency pairs are one of the most traded assets. As you dig in to our asset index, you can see a huge selection of currency pairs available for One Two Trade trading. We are one of those who offer such a wide collection of currency pairs. The reason why traders love currencies is that it offers much higher payouts among the rest. However, it involves greater risks as well.
At present, we offer 19 different kinds of currency pairs, namely AUD/CHF, AUD/USD, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/RUB, EUR/TRY, EUR/USD, GBP/CHF, GBP/RUB, GBP/USD, NZD/ZAR, USD/CAD, USD/CHF, USD/JPY, USD/RUB, USD/TRY and USD/ZAR. As you can see, there are some featured currencies that are new to the eyes of our traders. These are Russian Ruble (RUR), Turkish Lira (TRY) and South African Rand (ZAR). Along with the long list of currency pairs, each pair has its own set of trading hours. You need to know this information before you start trading Forex pairs.
One Two Trade’s Forex Basics: Get to know more about Forex
Okay, so you’ve decided to trade Forex among the rest of the assets provided. But the question is, do you that there are three types of currency pairs in the market? Take note, it is somehow necessary to take a little bit of research on the assets you’re trading. Otherwise, your trade will end up unsuccessful. Sounds awful?
Currency pairs are differentiated into three categories: major currencies, minor currencies and exotic currencies.
Major currencies are pairs that include USD and another currency paired against each other. Typically, major currencies combine the US Dollar and any of the significant currencies such as Euro, British Pound, Australian Dollar, Canadian Dollar, Japanese Yen or Swiss Franc. It is called major currencies because these are the most traded currencies around the globe. One Two Trade Forex assets features some of the major currencies such as AUD/USD, EUR/USD, USD/JPY, USD/CAD and USD/CHF.
On the other hand, minor currencies do not involve the US Dollar. Here, the major currencies are paired against each other, except for the US Dollar itself. It is sometimes called “currency crosses.” Examples of minor currencies are GBP/CHF, EUR/AUD and EUR/CAD.
Lastly, the exotic pairs are the ones which involve US Dollar tied up against non-major currencies. Usually, these non-major currencies are currencies from the emerging countries. Some examples of exotic pairs are USD/RUB, USD/TRY and USD/ZAR.
Traders should keep in their minds that each currency pair behaves differently and has its own volatility. Thus, further research should be done in order to trade One Two Trade successfully.