Bets on exchange rates - Binary options or Forex

It is possible to make money on the movement of exchange rates, as well as indices, both in binary options and in Forex. In addition, you can bet in bookmakers Pin Up skachat, which give bets on the results of horse racing, football, basketball, and hockey games.

Rates on exchange rates

Financial bets or betting on sports are very widespread in the US, EU countries, and Australia. They provide an opportunity to play on changes in exchange rates, stocks, the release of interesting financial news. Betting on indices and stock market quotes is gaining serious popularity. These services are available in a number of BCs. So, BC "Marathon" has been operating since 1998 and offers to bet on 8 non-standard pairs of currencies. One of them is "American dollar yen".

Forex quotes betting

The most common type of financial betting is exchange rates with forex quotes. Popular pairs are Euro-Dollar, Yen-Euro, Swiss Franc-Dollar, Pound-Swiss Franc, Pound-Dollar.

Live betting on currencies is very similar to options. For betting, bookmakers use online Forex quotes.

The movement of bookmaker quotes

Most fans of rates monitor the movement of bookmaker quotes, as this can be useful in choosing a bet. Odds are the probability of a particular outcome or win. These indicators are considered the basis for certain strategies for various types of bets.

The movement of odds for a particular game or competition is influenced by certain news or events in clubs/players. To constantly monitor the probabilities, bettors use various Internet resources.

What quotes are best to bet on?

When choosing betting odds, you need to consider that there are "high" and "low".

High indicators, this is a minimum of K 2.00, which means: the probability of such an outcome is less than half. Perhaps the controversial event will not happen. By 4.00 means an even lower probability of passing 25%.

The coefficients are calculated according to the formula:

K \u003d 100 / probability as a percentage.

Bets on exchange rates Binary options or forex

Low odds have a value less than 1.9-2. However, with these parameters, it is still possible to place a bet. A safe bet is one that has at least a 2 x 3 or 67 percent chance of winning. The risk of participating in a bet increases strongly with a quote between 1.1 and 1.4.

What is more profitable: betting or trading on Forex online?

Financial and sports bets are based not only on passion, but also on special analytics, forecasts, and strategies. This has long been a professional activity and a method of earning money. For example, for one event there is an opportunity to get 500-600 dollars. To create a personal strategy, players often place bets on long-term events.

Exchange trading is something essentially similar to betting, it is the need for remote, systematic work with knowledge of all the subtleties and nuances. According to statistics, only 1 out of 10 new traders is profitable. On average, Forex traders have an income of 10-15 percent of the deposit that has been invested. There are successful traders who have an income of 30-40%. The profit share strongly depends on the amount of invested funds.

Careful analysis is needed, both in trading and in finbetting. The user must follow the dynamics in the financial markets, news and economic events.

Cross exchange rates for binary options

Cross-currency rate is a special tool for monitoring quotes of currency pairs and their conversion. It is used in Forex trading, international markets and financial market forecasts. This type of course has nothing to do with banks. The cross rate determines how much the "underlying" currency asset is worth in units of the "quoted" one. In calculations, the base currency is listed first, and the quote currency is listed second.

Exotic and low-liquid currencies that are not popular among traders do not have a cross rate. In the absence of such, the exchange rate is calculated through the 3rd currency. Traditionally, the 3rd currency is the US dollar.

The cross-rate table makes it possible to determine the financial result from a transaction with a pair of currencies. For example, a trader has decided to make an exchange of the euro Swiss franc, keeping in mind the standard rate of these currencies. According to the table, he determined where the more acceptable option for the exchange through the US dollar. The trader carried out 2 exchange operations at once: the euro, the American dollar, the USD, the Swiss franc. As a result, he received an amount of 1.5 francs higher than he would have received in one operation (direct exchange).