What are major advantages of binary options over forex?

Question

What are major advantages of binary options over forex?

7 Answers

Answer Question

Answer 1

Binary options is much easier to learn and start doing. Forex takes long time to master and has a steep learning curve.

Although much easier than forex, the simplicity in binary options is also a pitfall for many, you still need to read charts, you still need to make an analysis, you still need to understand what markets are doing.

If you are not taking binary options trading serious and have a trading strategy, you will be shooting in the dark taking potshots.

Answer 2

Binary options have become widely popular the last two years. The main reasons for this, is that they offer high profit returns. But this Forex you are speculating that the value of one currency will increase or decrease compared to another, in an attempt to make a profit. There are many more reasons which can help you to evaluate which is the better trading method for you.

Answer 3

We frequently have great breakthrough in all aspects of life, with different options available to trade, it might be very confusing for anyone to pick the profitable one. Some key points such as simple approach, easy to understand, quick money, flexibility, predetermined, minimum requirement, and learning process clearly proves that binary options trading is more advantageous than Forex.

Answer 4

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Answer 5

Natalie Jackson answered

I like binary options trading a lot, I have to say

Answer 6

Binary options are option contracts with fixed risks and fixed rewards. The Forex market and binary options both provide maximum profit, but the Binary options are simpler than Forex and it has low risk, profit potential and easy understanding. Forex markets offer higher variability and more risk for traders.

Binary trades operate on specific timelines. The trader has no control over when a trade begins or ends once a trade has started. In forex trading, trader can take trades lasting from one second to many months, since you can open and close the trade whenever you feel like it.

You can make money online with binary options trading if you only trade at legitimate binary options brokers and learn the fundamentals of binary trading and employ proper trading strategy. Read binary options/ Forex traders reviews before you put it money and make sure they are legitimate ones.

Answer 7

I definitely know how it feels. The thing is that I used to be on the same boots a year ago and it is quite difficult to start and learn but at the end you will feel satisfaction. I recommend to have a look at forex contest with real money price https://tradersunion.com/contests/ and feel safe earning my living. Don’t expect to jump into trading and get rich overnight, unless you have big balls and an incredible luck. Hope it can help