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USD-CAD Binary Options
Forex trading in binary options has been popular since the Securities and Exchange Commission sanctioned the first binary options, in 2008. Many traders still actually believe that Binary Options are all about currency. In reality digital options are available on stocks, commodities, indices and currencies. One popular Forex that is available on the broker platforms is the USD-CAD currency pair binary.
America and Canada are two important powers in the world economy. As next-door neighbors one would expect them to be influenced by similar world factors. However, the US is a very different beast to Canada and is engaged in very different activities.
America is the largest economy in the world despite the financial crisis that has shaken the world. The US is headquarters to many of the most influential organizations in the world across a diverse range of sectors. The company is heavily involved in manufacturing, pharmaceuticals and technology. The NASDAQ and S&P 500 are often used not just as barometers of the US economy but also for the whole world. As a massive consumer America is also intimately linked to the productivity of export countries, such as Japan.
Canada is a natural resource rich country that has performed well despite the economic crisis. The Canadian banking system has historically been very different from that of the US, with tighter controls and more incentive to pay off ones mortgage. In 2008, 4.5% of US mortgages were in 90-day arrears compared to a figure of 0.27% in Canada. Perhaps all of this is behind the stability?
In the past the USD was worth far more than the CAD in the USD-CAD currency pair. However, over recent years it has dropped to below 1:1. Traders have enjoyed the volatility between the two currencies and many binary options traders spend their days trading this currency pairing. There is plenty of information and news to cause price fluctuations and the savvy trader can make high returns from USD-CAD binary options.
Looking for where to trade USD-CAD binary options?
We have done the work for you. The list below contains great broker platforms offering the currency pair as binary options:
There are several platforms for trading USD-CAD including:
All the USD-CAD binary options brokers reviews you can find here are tested, varified and approved by our experts. That is why you can be sure that after having chosen any of USD-CAD binary options brokers from our list you will get an excellent trading experience. More over, you can easily find binary options videos together with other various education materials almost in every broker. We hope that binary options trading will become a new interesting and captivating activity that will bring you high payouts.
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