Forex Binary Options Strategy That Can Hedge Your Spot Positions

Currency Going Green

You can bet on the direction of the currency market with the help of forex binary options. Forex Binary Options also known as Exotics give you a fixed payoff of $100 if the market is above or below a certain price level when the binary options contract expires. And in case the market does not cooperate, you get $0 as a payoff. You can trade forex binary options on currency pairs like EURUSD, USDCAD, GBPUSD, USDJPY with intraday, daily and weekly expirations.

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