- Joined
- May 11, 2021
- Messages
- 3,157
- Reaction score
- 188
- Points
- 150
- Awards
- 1
- Location
- India
- Website
- thefreedollars.com
- BMF Points
- $243
Both forex and binary option market are based upon same chart and price action movement. But the nature of both the platform in entirely different.
In forex, you buy a position, and hold it until you think that the price action has reached limit. The profit depends upon the market movement and the no. Of pips you will able earn.
While binary option is more like a gambling business where you take a guess whether the market will go up or down in a specific time. And hence the risk in option trading is comparatively high.
In forex, you buy a position, and hold it until you think that the price action has reached limit. The profit depends upon the market movement and the no. Of pips you will able earn.
While binary option is more like a gambling business where you take a guess whether the market will go up or down in a specific time. And hence the risk in option trading is comparatively high.