However, it is not so easy to make money trading binary options. Sure, for any given trade you have a 50 chance of winning, but once you start trading on a constant basis you will find out that you are not making as much as you thought you would and you might also find yourself losing a lot of money. The reason is simple. The payout is usually lower than the loss in case of a wrong trade. For example if the payout is 75 the risk potential can be 100. So even if you win 50 of your trades you will still end up losing money more than earning.One strategy that I really like and that I use often is what I call the 60 seconds news strategy. In this strategy what I do is I choose a financial asset that I assume is going to be volatile in a certain time. I usually choose a currency pair. I then wait for a major financial news announcement that affects this specific currency pair to take advantage of the sharp movements that occur right after the news is released. I use the 60 seconds binary option to maximize my profits and the shortest time possible.Lets take a real example. Every moth on the first Friday of the month there is a major financial news announcement in the United States, its called the Non Farm Payrolls or NFP for short. This financial announcement really rocks the markets because it is the number one indicator of the strength of the strongest economy in the world. Before it is announced there is a predicted number that is based on a survey conducted by financial analysts. If the actual number is higher or lower,the markets react to it. The bigger the gap is between the predicted number to the actual number, the sharper the move in the markets. I normally take one of the major currency pairs like the EUR/USD (Euro against the US Dollar) or the GBP/USD (Great Britain Pound against the U.S Dollar) and look at their charts right before the news. I open my binary option platform and select the chose currency pair, the amount I wish to trade, and most importantly the 60 seconds binary option. I then wait patiently, glued to the screen, for the actual NFP number to pop on my screen. When I see it and I see the sharp move happening I immediately jump in and buy the 60 second option that supports the movement in the markets.Upon learning the basic of the foreign exchange trade, one can easily choose which account/accounts are suitable for a certain trader depending on his financial capabilities. Generally, traders aim for a maximum amount of profit with minimum risk involved. Picking the appropriate forex account can make or break your investment. All the more reason for you to be extra careful in the selection process in order to be truly successful in this field.Traders who are willing to grow their money without having the need to be responsible for the transaction or may be lacking the knowledge and experience in foreign exchange marketing may opt for the forex copy trading. In this manner, investors are given the opportunity to work with experienced and knowledgeable market traders. Maximum profitability is easier to achieve as these traders are well equipped with the capability to deal with even the most unfavorable foreign exchange conditions which may be helpful for your investments advantage.An experienced and reputable spread forex broker analyzes the most suitable plan for an investor and offers a number of options on which is the best ones to invest in. This way, the possibility of risks and losses are reduced to the minimum. The process begins with the investor opening an account with the help of forex copy traders then registering them to the live accounts for you to monitor the flow at any given time, for your convenience.When deciding to transact with traders, the security of your account is of paramount importance. One of the most reputable and competent forex companies is Mocaz financial markets. The company aims to simplify the process for foreign exchange and copy trade by providing the most suitable plan for each of its investors.The profitability of a forex account relies mainly on the traders professionalism and aggressiveness to help his investors in growing his money. That is why it pays to look for the best copy traders and forex companies there is, before taking the first leap on your investment. An automated trade execution is established in a manner that is user friendly and easy to digest specifically for first time investors. An expert trader is expected to discuss and evaluate the proper platform so as to match the auto copy and foreign exchange trade to a certain network. By means of the proper trading tools, adequate education, ample experience, and excellent strategies, a trader can become an absolute success partner in your foreign exchange venture.So, the question is what is Forex or FX for short Well, Forex is the foreign exchange market and it is one of the most exciting, one of the largest and one of the fastest-paced markets in the world. If you want to understand it easier, you can compare it to the stock market. There are some chances that you have already tried it, if you have been on a trip to some other country and if you have exchanged some money.Lets say historically that only large corporations, financial institutions, hedge funds, central banks and enormously wealthy individuals had the resources to take part in the Forex market. Now, with the popularization and the emergence of the internet and conventional computing technology, it is very possible for normal investors to sell and buy currencies with the click of a mouse button from their own home.You will know that daily currency movements are regularly very small, if you follow the value of a currency, like American dollar USD. The majority of currency pairs move no more than one cent per day, on average, and that is less than a one percent change. For that reason, a lot of currency traders count on the use of leverage to make a decent return, and to enlarge their possible returns for small moves in the exchange rate.