for those who wants to start making money with binary option and Forex trading, there is some thing you need to know about this two form of currency trading.many people confuse themselves by concluding that binary option and Forex trading are same which is not true. binary option trading and Forex trading have a slight difference in trading pattern but the concept is same.many people get confused on the differences between binary options and Forex trading due to the similarities they have in concept.but the two form of trading patterns are different and i will explain it for you to understand.Forex trading have been in existence before binary options was introduced.
binary options was coined out of Forex trading using a different trading pattern but with same concept of trading instruments in the market.when dealing with binary options, you have two options to choose from which is either up (CALL) or down (PUT) for a particular period of time you want it to expires.this means that you will either have to choose and predict that the price of any instrument will fall or rise within a time interval,you must set a time interval for it to expire,only when it is expired, you will get to know if you lost or win the bet.they usually have from 60 seconds (1minute and above) time frame for you to choose.still don't understand, then let me explain in details the difference between binary options trading and Forex trading
it may interest you to know that what you trade in the Forex market is also traded in the binary options market which makes it have some similarities but with a clear pattern of trading.like i have said earlier on, binary options trading involve trading on rise and fall within a specific time interval which will expire, while on the other hand, Forex trading also have to do with trading and predicting that the market will fall or rise but without a specific period of time.you can leave it to any amount to time,days,weeks,months, years etc if you like.it has no expiring time and you don't have to set any provided you have the patience to wait and enough money to sustain the trade until you decide whether to sell it in the market.
in Forex trading, traders leaves their trade for hours, days, weeks, months and even years before they decide selling in the market while in binary options , traders hardly allows their trades to go beyond 24 hours.infact i have not seen a trader who allows their trade to last 24 hours, most of them makes use of 60 seconds,2 minute, 5 minute, 10 minute, 15 minute, 1 hour etc.
so i believed with this post, you have understood the differences between binary options and forex trading.
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Thanks for this post.what sites do we have for nigerians who want to do binary options and forex?
ReplyDeletefor binary options, you can use http://bit.ly/binaryaccountreg while for forex trading, You can use xm
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