Monday, February 17, 2020

Binary Options v/s Forex Trading

If you’re looking for an easier way to trade the Forex, then you might want to consider using binary options. These are one of the latest ways to trade on the markets, and they have the advantage of being very easy to understand.

As you may know, Forex is a massive market that trades 24 hours a day, five days a week. That is one of the reasons it is so popular with traders who may be working a regular job during the day. Another reason that people are attracted to trading Forex is that it allows great leverage of your investment so that you are not limited to profiting by just the few per cent the price may change.

Binary options are simple to understand. They can be traded on many different types of financial security, including currency pairs. The cost varies depending on the value and time that the binary option expires, and the nominal payout is typically $100. While you can buy binary options with an expiry date several days away, they’re also available at for hourly intraday values.

Forex binary options can be bought that allow you to gain up to 75% of your investment in an hour, and all you need is a move in price in the right direction, you’re not concerned how many pips it moves. Provided you choose the right direction, then you are assured of a full payout, and the amount of your profit does not depend on the magnitude of the move.

If the complexity of modern Forex trading has your head spinning, then you can try straightforward binary option trading on popular currency pairs, and see how well you can predict the market while enjoying a limited downside.

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