Question
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Is binary option better than forex?
9 Answers
<p>A complete beginner might find binary options easier to trader compared to forex, while a seasoned trader would know that binary options trading can complement their forex trading and vice versa.</p>
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<p>Binary options are quite simple in that you only have to predict the direction of a market move. With spot Forex, you are forced to predict both the direction and magnitude. Even though spot Forex offers more flexibility, there are so many factors that works a against you; think of spreads that brokers change at will, the slippage, and market shocks that can happen at any time.</p>
12 Views
<p>The profitability factor of the binary options market outstrips that of the forex market by a mile. A trader with little money in the forex market will find it really hard to get going because the same effort required to trade a $500 account is the same required to trade a $10,000 account. In contrast, a binary options trader can take the little money that he has and make it go a long way.</p>
9 Views
<p id="isPasted">Binary options trading offers fixed rewards and fixed risks, so it is well suited to the risk-averse trader. In some cases, forex trading may provide higher returns, but it is more complex and carries more risk than binary options.</p><p>Forex trading can be lucrative and exciting with a little practice and luck. Despite the fact that many investors have enjoyed great success, it is important to remember that profits cannot be guaranteed.</p>
8 Views
<p>Options Trading and Forex Trading both have the advantage of being more liquid. Foreign Currency Trading (Forex) offers far greater liquidity than the Options Market. As a result, Forex trades will be filled much easier than Options trades when it comes time to trade.</p>
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