Forex and Binary option Software

Predictions for Forex binary options in 2014

It’s the 3rd week of 2014 and our team of financial analysts are trying to determine which will be 2014’s rising currency star. 2013’s Forex star was with no doubt the bitcoin, it became the talk of the day and although it has been around for several years, 2013 will be remembered as the year of its acceptance. The virtual currency’s booming value and beginning of approval by major governments including the ability to trade it over various binary options brokers have crowned it the start of 2013.

Well were now in 2014 and its time to look at the upcoming year; will the bitcoin keep its momentum or will some other conservative currency take the lead into this new year’s wall of fame. Just to put things in perspective: the bitcoin began 2013 at a trading value of $10 per bitcoin and reached its peak of just over $1203 per bitcoin in December 2013. Yes my friends, if you were to a bitcoin in January 2013 and have sold it in December you would have made a fortune of 12,000% on your $10 investment! Well the bitcoin is a risky investment, even for binary options trading when you are actually trading in a safer environment and could gain even more profit. 2014 could still create huge profits for bitcoin traders as speculators expect the price to reach thousands of dollars per bitcoin.

Japanese Yen – The Japanese government’s monetary behavior in 2013 was a fruitful ground for Put binary options trading as the government intently led to a weakened Yen. The Japanese government on its way to recover the Japanese economy set its goal to create a weakened Yen in order to help and encourage Japanese export. By printing more bills the government has successfully declined the Yen’s value by almost 18% in the last 12 months, Traded now at 104 Yen’s for $1. The Japanese currency began 2013 at a trading rate of $1=85 Yen’s. Using one of the binary options strategies could have easily produced nice profits on this currency pair.

What to expect in 2014, economists believe that the Japanese government will keep using the same monetary rulings at least until they accomplish their goal of $1=120 Yen. Traders should stay on the Put side while trading this currency in the next few months.

US Dollar – the US government and the Federal Reserve have had an interesting ride through 2013 with some very important decisions including a new chairman Janet Yellen, the first woman to hold this passion. The US$ rate at the of 2013 stayed almost the same as it began it, however during the year the US coin had a rough ride with many ups and downs along the way.

The US federal bank has announced its monetary policy for 2014, the bank will reduce printing new bills and will be buying more dollars, and this should normally cause an increase in the Dollars value. However, previous experience with the US Dollar shows, traders should be very careful as this currency is effected by many external parameters including the awakened global markets which lead investors to choose other financial assets over the US Dollar. The interest rate in the United Sates is still almost 0 which also makes it hard for the Dollar to compete with other currencies.

Turkish Lira – it’s been a very rough year for Turkish currency. While it began 2013 at a rate of to 1.75 TRY per $1 to 2.23 TRY per $1, a decline of 27% in the Turkish Lira’s value. The Turkish Lira was very much influenced by the internal and external political situation in the country. The deterioration in foreign relationship with the European Union including internal corruption and other political affairs led to a decline in the currency trading value.

2014 doesn’t look so promising for the TRY and could also be a good opportunity for traders who trade with a binary options Forex strategy.