Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders


Monetizing My 2018 Forex and Gold Forecast

January 2, 2018 by

As the tradition goes, I do not just post my yearly forecast — I act on it and open the binary option trades that end up in-the-money if the forecast turns out accurate. To do it, I use the Ends Between subtype of the Ends In/Out binary option type at (one of the few brokers that allow custom expiration period of 1 year). I have opened seven trades this year: EUR/USD, GBP/USD, USD/JPY, USD/CAD, USD/CHF, AUD/USD, and gold:

Binary option portfolio based on my 2018 Forex and gold forecast

I had to skip oil (no Ends In/Out option type for this commodity at and had to use a much lower stake for my USD/CHF forecast due to the trading platform’s limitations. Unfortunately, the potential payouts are quite low on all the trades, except for the USD/JPY contract, which offers 568% ROI but is not very likely to end up in-the-money according to the options pricing. All options expire at the end of the trading session on December 31, 2018, which will be a normal trading day this year.

If you want to tell us more about your preferred way of making money on your currency predictions for 2018, please feel free to do so using the commentary form below.

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