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❓ASK Forex trading vs binary option trading. Which one to prefer?

Razor1911

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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.
 
I checked many brokers, they all have forex trading option, but only few have binary option feature due to its gambling like status. I am checking if this is due to regulation authorities? Or something else.
 
I checked many brokers, they all have forex trading option, but only few have binary option feature due to its gambling like status. I am checking if this is due to regulation authorities? Or something else.
Binary trading brokers are completely different than normal brokers. I hardly remember any broker which provides trading in both. Because regulations are different for both types and needs more certification.
 
I am glad to have learnt the difference between the two here. I have always just heard of the two being mentioned but never known the difference. I think I will go for forex trading as it is based more on logic than binary trading which is more of a gamble.
 
I am glad to have learnt the difference between the two here. I have always just heard of the two being mentioned but never known the difference. I think I will go for forex trading as it is based more on logic than binary trading which is more of a gamble.
If you are aware of how to play gambling, for example Hi-Lo, then you will understand this. Binary option is not much different than price fluctuations.
 
Forex trading is the trading of financial instruments based on price movements but which is traded by Pips calculation,take profit and stop loss while Binary Options is the trading of instruments based price upward or downward movement of the market.It is traded with a fixed term capital and fixed term profit expectation
 
One really needs to understand what Binary Options is.Binary option trading is not gambling,it's a calculation of price movement moving up or moving down,this is why it's termed as call/put.One has to study the type of instrument to be traded, the instrument market conditions for the day and place a buy or sell on it.If one can read and analyse financial market reasonably one will profit from Binary Options trading but soamy people want to make quick money on Binary that's why they term it gambling.
 
Forex trading is more volatile, requires greater time for research and trade monitoring and allows for leveraged trading. Binary options allows you to speculate on multiple financial markets with a straightforward product where costs and risks are clear from the outset.
 
To me forex trading I more preferable because I can trade without straight forecasting and take my profit anytime than binary option
 
To me forex trading I more preferable because I can trade without straight forecasting and take my profit anytime than binary option
forex trading is the best when you decide to trade in the forex market its the demo account that you need to use to trade well,once you have the knowledge and the skills require to trade properly I think you can make alot of money since you can trade perfectly
 
forex trading is the best when you decide to trade in the forex market its the demo account that you need to use to trade well,once you have the knowledge and the skills require to trade properly I think you can make alot of money since you can trade perfectly
I know the importance of demo account , I think it's through learning from demo account ,you have to take note of consistency and so many importance when trading
 
forex trading is the best when you decide to trade in the forex market its the demo account that you need to use to trade well,once you have the knowledge and the skills require to trade properly I think you can make alot of money since you can trade perfectly
Yeah, the demo account in forex trading is very important. You can easily use it to learn the knowledge and skills that you need in order to trade well.
 
At least Forex is a legit business, while Binary is purely speculative and has been banned in various countries. So forex is the clear winner here.
 
Forex. Under all circumstances. Binary options is not trading, it is straight up gambling, and binary options brokers, more often than not, are very sketchy companies. Also, binary options are now banned in many countries.
 
Forex. Under all circumstances. Binary options is not trading, it is straight up gambling, and binary options brokers, more often than not, are very sketchy companies. Also, binary options are now banned in many countries.
Yes I heard of this that binary option is been banned in so many country in the world,I prefer forex trading its one of the best source if you want to earn money faster the only thing is tthat you must have good amount of knowledge and skills to placed successful trade then wining will be you also need some good trading system
 
I have never try binary option before so I cannot give a comparison on which one is better but I have a little understanding of forex and I can say that forex is much easier for me to trade base on my experience.
 
Personally I would go for the traditional forex, though binary option is faster, as you can trade and make profit in minutes but at the same time you can also make losses in minutes as well.
 
At least Forex is a legit business, while Binary is purely speculative and has been banned in various countries. So forex is the clear winner here.
Yeah, binary trading has truly been banned in several countries. Most people can easily loose in it because you depend on speculation to earn.
 
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.
For binary trading I don't even need to think about it because I don't gamble, anything or investment based on luck is a big no for my money so I have never even thought about investing in binary but I'm learning about forex from a friend now. I want to try a little on it and see how it goes, will love to sustain it.
 
Am so glad am enlighten about de two type of trading here I always get it missed up and also teh people who ask about it dat I don't actually have ideas but now I have full I deal from this platform and the knowledge I will apply and I believe I make profit too
 

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