Tag Archives: binary options

The Currency Pairing Conundrum

The currency pairing predictability conundrum

You’re sitting at your computer and crack your knuckles in anticipation of a profit producing trading session. You log on to your account and have your trading platform ready to go. You think to yourself is this the right currency market to trade? Is this the right pairing that’s going to put me “in the money”? Do I have the right strategy for this currency pairing?

If you’ve ever questioned your trading approach before you even got started, guess what… you’re not alone! It does not matter whether you’re a seasoned trader or just starting out. We all have experienced times of anxiety where we have questioned our moves in pursuit of a profit making trade.

Let’s keep it real. There are countless combinations of currency trading that can formulate success or failure. The many combinations could include:

  • Time frames you trade the market
  • Your entry points
  • Your exit points (and slippage) on the forex market
  • Your expiry’s on the binary option market
  • Your charts and trading platforms
  • Appropriate indicators
  • Currency pairings
  • Strategies and systems

These are all decisions that you have to make each and every trading session in order to execute a trade. All  in hopes that you made the right decisions that will successfully produce a profit and put you “in the money”.

On this post we are going to focus on the currency pairing conundrum.  An integral part of your trading success will be based on the currency pairings that will best accommodate your strategy.

Due to the nature of volatility in the currency markets, predictability is an important key that  will keep you “in the money” over and over again. The truth is, that points of predictability are more prevalent with certain currency pairings, than with others, based on the strategy or system you’re trading.

Imagine yourself capturing, harnessing and riding this pony of predictability as you stride into the horizon of profit.

There are currently five main currency pairings that are dominant when it comes to the all important key of predictability. (Of course, a caveat: there are always going to be exceptions in trading other currency pairings that can have you taking advantage of market movements. These can be anticipated based on fundamental analysis of events that affect the pairing.) Always bear in mind the economic season of the year and the various regional and global events that affect the currency pairing.

The current predominant currency pairings for trend, behavior and range trading predictability are as follows:

  • AUD/USD
  • EUR/USD
  • USD/JPY
  • NZD/USD
  • USD/CAD

(Although these last two pairings have more of  a trend to lean towards unpredictability, more so than the other 3, during your trading day).

With the Scottish independence vote now in the rear view mirror, we may be able to anticipate that the GBP/USD pairing will also find its way to a much more predictable pattern; moving forward as we approach the upcoming  new year.

As you well know, volatility is what drives the market. When a tremor of volatility hits, you want to make sure that you are set up with the right currency pairing, at the right time with the right strategy that lines you up on target to be”in the money”.

This is when the system you’re trading, becomes critical for your profit making success. Small Money Made Big trading systems signal to you the best opportunity for success. Our guidance will direct you to the best currency pairing for that system. The predictability features that are embedded into the systems will have you succeeding on your trades many times over.

We want you to succeed. Being equipped with the knowledge, along with a Small Money Made big trading system, will boost your profit making potential straight to the moon!

 

 

Do You Trust Your Broker?

Do you really think your broker has your best interest at heart?

They shower you with free bogus “bonus” money in your funded account, they provide you a free demo account and they provide you with free trading strategies.

They would never hold the “house” advantage on your trading strategy, right? Yeah, right. Right up to the point that your account shows a zero balance and you have your hand’s on your head wondering what happened.

broker

Even if you’re trading a forex ECN account, it can be dangerous to your profit potential during high times of volatility. This is due to much higher pip spreads that will be required by your broker during market volatility and can leave you vulnerable. These higher pip spreads can be triggered by your broker during market open and closings for the week, holidays, economic news releases, etc. They, potentially, receive a larger piece of your profit pie or can leave you with a much bigger loss than you anticipated and therefore a much smaller balance in your trading account. This goes against the whole principle of leverage that makes your small money into big money.

Now don’t get the wrong impression, there are many positives that broker’s bring to the trading table. Many broker’s will taut free basic trading education, news articles, market trends and tutorial’s. All these incentives will introduce you or help get you into the trading game.  Which is not at all bad. They can help you discover the beauty of trading, but also the horrors of having an account wiped clean.

Over the year’s, broker’s have been experiencing increased competition and are looking for any edge to enhance their opportunity to obtain another funded account. The added competition spawns broker incentives that can be viewed as positive leverage to those regular trader’s that are coming out of their shell and finding success. You just need to be aware of what you’re getting from your broker. Some of it good, some of it NOT so good.

Broker’s are fully aware that, statistically  80%-90% of those who trade, will end up losing their money. So, if you were the broker, and you had funded trading accounts where you could leverage your funds against “green” trader’s, and knew that you were going to end up on the winning side 80%-90% of the time, would you take your chances? Oh you betcha!

Now what incentive would the broker have to keep you on the winning side of trades? Yeah, that’s what I thought! None, zero, zilch, nada! It doesn’t matter how you put it, there is no incentive, besides making sure that they leverage their money against your account. After all, 80% winning trade strategy is what we’re all trying to achieve. So why would you take the trading strategy, signals and advice from someone who is “betting” against you! You know, as well as I, that that doesn’t make any sense at all.

The inherent conflict of interest between you and your broker would breed an environment that puts into question their best interest being you. After all, they’re there to make a profit also.

Here at Small Money Made Big we want to you to gain as much good trading education as possible. The better understanding you have of market dynamics, the more successful of a trader you’ll be. Better trader = more winning trades = more profit. Simple formula, but the approach you take is what will lead you to the “promised” land more times than not.

Imagine that instead of the broker winning 80% of the trades it was YOU who possessed the winning formula to binary option and forex trading success. Would you just let all those profits that could rightfully be yours go by the way side? I don’t think so. You don’t want to just hold the “key”, but never open the treasure chest.

Here at Small Money Made Big we spend countless hours studying all this stuff (pouring over charts, platforms, indexes, signals, trends, time tables, etc.) and creating trading system’s that have you holding the key to earning profit many times over. We encourage you to open the treasure chest. Order one of our winning trading system’s. We purposely make them very affordable and easy to implement so that you can quickly start your journey to the “promised” land…profit.