Home / Forex & Currency Exchange News / Acting on My 2017 Forecast Using Binary Options

Acting on My 2017 Forecast Using Binary Options

Forecasting the currency rates by simply stating some arbitrary ranges is easy, that is why I prefer to use some real money to back up my talks. Like the year before, I have decided to act on my 2017 Forex forecast. Since my predictions are all in a form of the year-end ranges, I have used the “Ends In” binary option contracts. Same as before, I have used Binary.com to place these trades — unfortunately, I have not been able to find any other legitimate binary broker that would offer such kind of contracts. I have bought six options in total — EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, and gold:

Binary option contracts based on my 2017 Forex and gold forecast

There are no “Ends In” contracts for oil at Binary.com, so I had to skip it. As you can see, the risk-to-reward ratio is rather high on all of them — that is due to the low probability of events according to the broker’s calculations. The most probable event among my 2017 forecasts looks to be the Great Britain pound ending the year within 1.05–1.15 range. The least probable one is the USD/CHF ending 2017 inside 0.73–0.83 bounds — it has the biggest payout of all six options (1,325%).

If you want to tell us more on how you monetize your currency predictions for 2017, please feel free to do so using the commentary form below.

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

Bayhorse Silver Produces Silver

Bayhorse Silver Produces Silver

By The Gold Report Source: Bob Moriarty for Streetwise Reports   02/16/2018 Bob Moriarty of 321 Gold recommends doing the math to profit from silver, and describes a silver miner he believes is “on to something.” For all the braying of donkeys on the web of whatever size and flavor, the fact remains that at any […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php