futures market. Imagine a trader has just executed a new call binary option trade on the EUR/USD currency pair which expires in 60 minutes. Unlike the spot market, the forwards and futures markets do not trade actual currencies. Dollars (USD) into euros. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement.
But the risk is still there. Kunden mit begrenztem Wissen sollte eine individuelle Beratung von einer autorisierten Quelle suchen. A French tourist in Egypt cant pay in euros to see the pyramids because its not the locally accepted currency. If the price closes higher than.3365, then the first trade finishes in-the-money, and the second trade is out-of-the-money. The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world.