- The document discusses currency pairs in binary trading finance, including what currency pairs are, how they are quoted, and trading currency pairs using binary options. - A currency pair shows the relative value of two currencies, such as EUR/USD, and represents how much of the quote currency is needed to buy one unit of the base currency. - When trading currency pairs with binary options, traders do not have to consider bid and ask prices as currency pair options are single quoted.

1. Binary Trading Finance
100 - Beginner Course
Lesson BTF113: Currency Pairs
Presented by Orlando Gutierrez for BinaryTradingFinance.com

2. Risk Disclosure
Trading binary options is a challenging and potentially profitable endeavor for
educated and disciplined investors who are willing to take an above average risk
on their capital. Before you decide to enter the world of binary options you
should carefully consider your objectives, education/capability and most of all
your risk aversion. Never invest money you cannot afford to lose.
Moreover, the information presented here is for informational and educational
purposes only; the contents of this presentation are not to be considered as an
offer or advice to buy or sell any particular security.

3. Summary
• What is Forex
• What are Currency Pairs
• Trading currency pairs with Binary Options.
• The 4 rules we must live by when trading binary options.

4. What is Forex?
• Forex stands for “Foreign Exchange” and is used to describe
trading in the foreign exchange market.
• The foreign exchange market is the place where the world´s currencies
are traded.
• This is not a physical exchange but rather a global decentralized
marketplace that determine the relative value of different
currencies.
• Transactions are conducted worldwide by participants ranging
from central banks to retail traders.

5. What are Currency Pairs
• A currency pair is the quotation of the relative value of a currency
against another one.
• The EUR/USD pair reflects the price of the euro against the dollar. This
means that if the price of the EUR/USD is at 1.2980, 1 Euro equals to
1.2980 US Dollars
• In the previous example the Euro is the base currency and the US Dollar
is the quote currency.
• The price represents how much of the quote currency (USD) is needed
to be able to buy 1 unit of the base currency (EUR).

6. Trading Currency pairs with Binary
Options
• When you trade currency pairs with binary options you will not have to worry
about the bid and the ask price.
• Currency pair binary options are single quoted as you can see from the image
below.

7. Thank you for joining us
www.BinaryTradingFinance.com