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.
Separate names with a comma.