We at OptionBit bring our traders one step closer every day to financial success with the high payout rates we offer for each trade option and asset. It’s our goal to guide all our investors in making wiser and better trades to further maximize their profits and, therefore, increase their investments in just a short period of time. And one possible means our traders can achieve this is through trading the Option Bit Forex or currency pairs.
Forex trading is arguably the most popular and exciting trade on the market due to the varying and contrasting behaviors of each economy’s currency. Many traders invest on these currency pairs, especially that Forex trading involves both developed and emerging countries all over the world. Although it’s relatively easy and simple to trade, Forex trading can become risky, especially for traders who lack experience with the performance of different types of currency pairs on the market.
Every investor in the trade market should carefully understand how Forex trading functions to minimize risks. Take note of this vital information so you will succeed in OptionBit Forex trading:
- What are the currency pairs available for trading?
As stated in our Asset Index, we have a total of 13 currency pairs that are open for trading using the digital, range, touch, one touch, and 60 second trading options. These pairs are among the most traded assets in the world, so expect many traders in our platform to invest on these currencies. We also provide high payout rates on the Forex market, so be sure to trade some of these pairs when you have already gained enough skills and confidence.
As of present, these are the currency pairs that our traders can invest on: AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, USD/NOK, YSD/RUB, and USD/SEK. These are among the most popular currency pairs traded on the Forex market.
- How will the different kinds of currency pairs affect my payout?
We feature three types of Option Bit Forex or currency pairs in our platform and these are the majors, crosses, and exotics. The majors pair up the currencies of the leading economic powers in the world with the U.S. Dollar while the crosses feature the significant currencies paired with each other except the U.S. Dollar. Exotic currency pairs, on the other hand, pair up currencies from the emerging markets like the Swedish and Norway Krone and the New Zealand Dollar with the U.S. Dollar.
Because the significant currencies, which includes the Euro, Japanese Yen, British Pound, Swiss Franc, and Australian, Canadian, and U.S. Dollars are traded high and have high liquidity on the market, trading the major currency pairs poses a lot of risks. But these are highly volatile, so expect to earn high payouts in a short time when your contract ends in-the-money.
Meanwhile, the cross currency pairs aren’t as volatile as the majors, so expect lower risks and payouts. The exotic currency pairs, on the other hand, move highly unpredictable on the market, making it very risky to trade these.