Binary Options Trading Forex
As you all know this web page is intended to be an on-line resource for people thinking about trying Binary Options as an alternative to make some extra income. People, just like me, that without any or very limited previous involvement with options trading decided one day to make extra income using Binary Options.
So, Today I would like to take some time to clarify some concepts that can appear confusing for some people, particularly, from the information
available on the Internet.
These are Binary Options and Forex.
What is Binary Options ?
(from wikipedia : “Binary Options is a financial option in which the payoff is either some fixed monetary amount or nothing at all”)
The origins of Binary Options can be traced back to 2008 when the U.S. Securities and Exchange Commission approved the offering of binary options as an investment instrument available for trading.
Since then, Binary Options has widely spread over the Internet and has already become an important source of income for many traders worldwide. This has been possible with the significant improvement in trading platforms software, offered by brokers, that makes this trading alternative extremely easy to understand and use by anybody.
So, how is forex trading linked to Binary Options
First of all, foreign exchange market or forex, is a global market where currencies are traded.
Forex is also one of the contributing elements to the success and popularity of Binary Options when they became available on this platform. Today you can see the currencies pairs, like EUR/USD, EUR/GBP, etc., available on any trading platform for Binary Options.
I hope this clarify for your these important concepts, binary options and forex, and understand how are they interconnected.