Currency rates differ from country to country depending on the pair of currency the trader chooses to trade on. The currency market
offers high opportunity for traders who have a favorite currency to trade. Currency trading is all about predicting which one is going to perform better than the other in a particular pair. There are many examples for these kind of trades such as:
US Dollar v/s Euro
GB Pound v/s Japanese Yen
Understanding the concept of trading one currency against the other is vital, as often one currency’s value is greater than the other and depending on how the currency is actually performing, a trader places the call or put transactions. For every currency trade, there is a
set amount of time traders can choose to transact and it varies between 30 Seconds to Months or even years.
How to trade currencies with BinaryBook?
Our trading platform provides traders with a professional, secure and easy to trade platform. Here’s a step-by-step guide on how to
trade currencies with BinaryBook:
Log in to your trading account
Click on the ‘’currencies’’ tab which is found just above the trading chart
Select the currency you want to trade
Set the amount you wish to trade
Define the expiry time
Click call or put according to your market analysis