I use binance exchange for trading and I came across margin trading and futures and options, can someone explain to me the difference? Which one is on par with binary trading that you only need to bet on price up or down? Thanks
In simple terms, margin trading allows borrowing some funds to the trader, it attracts daily interest. Futures allows you to open long/short positions up to 125x with fixed fee. Positions can be held till expiry. I will strongly advise you stay clear leverage trading if you are not fully grounded in it, it's very risky. I would rather you trade leveraged tokens on spot trading. Binance delisted the likes of BULL, ETHBULL, BNBBULL, EOSBULL (3x leverage) for reasons best known to them, but you can still trade them on FTX exchange if you wish. Note that trading leveraged still involve higher risk than the usual spot trading. The decision is yours to make.