As you think about all of the things that go into the process of trading options, you'll want to think about the asset that you choose.
Obviously, the asset makes a big difference for the binary options trader since you have to predict what will happen with that asset, and it's not easy to do so unless you know the asset well.
One type of asset that is very interesting to follow is FOREX. With FOREX, you are predicting what will happen in the relationship between two currencies. Watching the Euro and US Dollar, for instance, allows you to pay attention to the media and the binary options news in Europe and in the US, and to follow what is happening with the strength of the dollar and the euro.
