Correlations between the world's most heavily traded commodities and currency pairs are common. For example, the Canadian dollar (CAD) is correlated to oil prices due to exporting, while Japan is susceptible to oil prices because it imports most of its oil.

The value of a country’s currency is affected and influenced by various economic indicators that reflect how a country is performing. The macroeconomic events that are placed internally and internationally are factors that have huge effects on the currency’s value.

Trading forex or binary options is the comparison on what we are going to take an objective look. In order not to be sorry about your decision you have to conduct a comparative analysis of these both trading types.

Investors and traders can trade currencies worldwide, in any trading zone, 24 hours a day, in today's foreign exchange market. London, Japan and New York top the top three currency traders among the currency dealers.

Predicting the next move in the markets is the key to making money in trading, but putting this simple concept into action is much harder than it sounds. The fact is that currencies are moved by many factors - supply and demand, politics, interest rates, economic growth and so on.

The fact that foreign exchange trading has become such a globalized activity means that macroeconomic events play an even greater role in forex than ever before. With buyers and sellers from all corners of the globe participating in trillions of dollars of trades each and every day the forex market is a true global marketplace.