The American and Canadian dollars are the fourth most traded pair of currency in the foreign exchange market. This makes the pair extremely popular with binary options traders.
Binary or IQOption trading refers to a type of investment in which the trader or investor predicts whether or not the price of a particular asset will increase or decrease within a given time period. If the projection is correct, the investors make a profit; if not, they make zero profit and lose their initial investment.
Because the USD-CAD pair is so popular, a lot of information is available for the potential investor of this pair. One can use the available news, tray egged and technical, analytical forecasts to make more successful trades.