Binary Options vs. Forex

images5 Binary Options vs. ForexAre you tired of working offline so you want to try to make money online? If you are, consider becoming either a binary options or forex trader. Both of them are ways to make money online and both of them run by predicting price’s movement. It means becoming the both trader needs an ability to predict or strategy to win. Then, which one better, binary options or Forex?

The first difference is certainly the asset. Matching with its name forex trading offers traders to trade or to buy and sell currency only, while binary options trading offers wider assets coverage. It offers the trader to trade currencies, commodities, stocks and indices as the assets. This gives the traders a chance to choose other asset besides currency.

It is why, becoming a binary options trader is recommended. You can try it now! The way is simpler than joining a forex trading. Even, you can start trading within minutes. Just find a site that offers chance to do binary options trading.

Furthermore, forex trading runs unlimitedly. It means the expiration isn’t fixed as well as the money that will be got. The trading runs until the market closes. Becoming forex traders people should be accustomed to be true speculator means they need to speculate not only the prediction’s result but also amount of money that will be got.

Binary options trading are different. The expiration time as well as the percentage of both profit and loss are fixed since the contract made. The only thing matter for binary options trader is whether the prediction they make is true or false. If actually the prediction is true, they’ll get clear amount of money and vice versa.

Which do you choose? It depends on you.

No related posts.

Comments
  1. Lawrence

    thank you so much for your comparison. Now I understand the difference between them.

  2. Della

    I’d go to binary options definitely. No doubt since it is much easier and more profitable

  3. Jack

    Thank you for your information. I used to think binary options and Forex are the same.

ADD YOUR COMMENT