Discussion in 'General Discussion' started by davidson333, Apr 13, 2016.
I would like to know as a newbie what is difference between Forex and binary trading?
There are many differences, but one major one is scam brokers; it’s far too many on Binary while FMbinary that I worked with last years, but now I am with other broker and purely doing Forex trading, it works nicely for me.
There is not a massive difference between Forex and Binary trading, but still Forex is far better and much more profitable and dependable work while Binary is risky and less profitable. I only trade with OctaFX broker and them; I am able to work things out nicely which is another reason why I like Forex so much. I can start with as low as 5 dollars on their prestigious ECN account and yet get great benefits like 50% bonus on deposit while even without investment, I can participate on their demo contest regularly to win prizes and gain practice as well.
There is not huge difference when you talk about Forex and Binary, but there is some obvious difference in way it’s done, but still the potential is very similar. I am extremely fortunate because with FreshForex, I am able to do both Forex and Binary Option trading easily from same place, it’s just marvelous.
There's no big difference between forex and trading options. Especially for those who worked on forex and has a general idea about it, it won't be hard to trade options, it's much easier and in general i find them simpler than forex.
I don’t think there is any major difference apart from just the way it’s done, but one thing that is really different is the security level. I am trading in Forex for last 7 years and I am able to do it really nicely, but Binary Option trading has not been all that great for me with too many scams happening, so that’s one notice able difference. However, I have no issues with Forex due to been part of OctaFX broker, it’s number one company at the present.
There is a huge difference between binary options and forex. But they also have things in common, i personally choose forex, it's more reliable and I think you can make more money there.
There's no significant difference. On forex you can close a deal at any time. On BO you have to say what's going to happen with the price at a certain time, whether it'll be lower or higher than the current point.
The difference is not massive but just slight. However, it’s more about personal liking and we should only do what we like. I am lucky enough to be with broker like FreshForex since they have excellent service with allowing us to do both Forex/Binary at same place; it’s fascinating to do anything here with top notch features present!
Binary Options trading is too fast; it looks like gambling! On the other hand, Forex trading is the most flexible trading profession! Like, you can use here so many different trading styles from scalping to long term trading! In addition, I am trading with most friendly Forex broker trade24; this platform allows all kind of technical tool and all of trading styles! So, I’m enjoying my live trading a lot!
Forex and binary are similar. With both, one has to identify where the price is going and has to open a deal. The only difference between forex and binary is the accrual of profit and subtraction of losses.
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