Post
Topic
Board Trading Discussion
Re: Is Binary Options The Same as Trade?
by
Sled
on 05/05/2017, 04:13:24 UTC
Is Binary Options the same as trade for you?

What are the differences?

no difference for the impatient traders really. binary is just like forex scalping, one will just go short or long for a particular period of time and profit. same thing when an alt trader tries to ride a pump and get out of their position after seeing a downtrend.
Forex scalping or trading is very different in binary option trading because in binary option you are predicting if the price will go up or down in the next few minutes while in forex trading you are the one who will get profit, it needs analyzation skills and not pure prediction because that is not how forex trading works. They are very different to each other.
I certainly can not understand anything about the trade, but somehow I tried to try to trade Forex, and it turns out that they earn quite different people and not beginners.
Forex traders are not like cryptocurrency traders because the people there are more experienced and they have a lot of knowledge about trading forex and they also know a lot of patterns and other types of things that you can only understand when you are a forex trader. For me, it is easier to do binary option trading rather than forex trading.