Article source: ForexMagnates.com
Binary options brokers present ever diverse asset lists, but the trader’s decision on which ones to place their deposits should not be determined by a sense of adventure but rather with sticking to what works.
As competition grows fiercer, today you can find pretty much every kind of asset you want to trade. The question then arises. The first thing to take into consideration would normally be the payout provided by the broker. Higher payouts are usually applied to options on assets with high liquidity, such as euro and US dollar.
Apart from the payout, liquid assets provide smoother charts with less gaps, which are clearer and easier to grasp. That is to say, they provide more information.
Currencies also deserve to be an equally important point of discussion when choosing trading asset, timing. The USD/EUR pair, for example, is most active during the European and American trading sessions, and that should be the time to put your money on.
Once again, picking the right asset is entirely subjective. Some will want the commodity they know and feel comfortable with, while others will prefer to follow the news and go for the hottest stock around. Since trading is about making money, it is imperative to know every fact about the preferred asset. Largely speaking however, unless you possess some kind of insider tip it is best to choose the most liquid assets and options, with the highest payouts and trading hours that best fit your daily schedule.