What is the difference between Binary Options and Forex

The difference is if you apply a trading strategy your success is more likely to occur using a Forex Broker than a Binary Options Broker, both of whom should be regulated to eliminate one line of risk before commencing trading. By testing both using a Demo Account facility you can apply your education to see which performs better and then decide with NO RISK, rather than funding 2 accounts and sustaining losses either or both. I tell this from experience. Metaphor - Would NASA employ a clueless intelligent person to run their space program or someone with a minimum of 5–10 years in the development of space technology? There is a message - no experience, don’t gamble in either.

The essential difference is the Binary Option Broker offers a predetermined profit and you have a preset target which if not met means you lose, by a pip or millisecond whichever applies.

Forex trading means you have control of the funds risked through setting a Stop Loss and the profit is what the market provides if the trend maintains it’s direction in your favour or at the “Limit”, i.e. Buy Limit/Sell Limit. You may also set a time limit if desired in a situation that merits such a use.

#forex #binaryoptions

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