Forex or binary options. Is there a difference?
Those who have been familiar with trading in the financial market for a long time "Forex.", when the topic is mentioned in conversations binary optionsThe fact that they are not aware of this topic is rare, because they simply do not know about it. Without knowing why the Forex exchange will be so different from the binary options exchange - can you tell much about it? After all, the list of assets is the same, and trading strategies are also very, very similar. Then for what reason Forex players leave their settled place and move to binary-option terminals? Why has this type of exchange activity become so popular in a short period of time?
The most important difference between the Forex exchange and binary-option platforms
Binary option can be called a tool, which performs financial operations on the futures market. The scheme is similar to that used by traders in the Forex market, namely - the meaning of trading is to make correct forecasts about where the price will move in the future. But there is a difference between binary trading and Forex trading, and it is very significant! Mainly it consists of the fact that in order to make profit on Forex you must make the quotes left in the direction of your forecast for a significant number of points. And here at binary-option trading - everything is different - you will not matter the aforementioned amount! One point passed by the price in the direction of your forecast will be enough for you to receive a full-size income! Yes, yes, this is no joke! One correct pip - and your profit is in your pocket! Just point out whether quotations will go down or up. And no counting of points and unnecessary fuss!
The order of profitability of exchange players on the binary market
And one more important difference between the binary exchange from the Forex market - in favor of the binary option is its high profitability, reaching + 90% from the initial lot for each trading position! And on Forex - is it possible to achieve a similar result? - How?! The probability of it - tends to zero! The price for that must be passed on Forex, just an unreal distance to the direction predicted by you! But binary - playfully "present" to exchange players 90% of net income - for one point, which the price passes in your specified direction!
How much can I "raise" overall as a binary options trader? An experienced trader in this market can easily earn weekly 50%! And what about the Forex market? Only 150% in a trading year - say the average figures of "successful" clients of this trading resource! Without making a large investment at the outset - and it only makes sense to invest a truly huge amount - you will be incredibly long "crawling" to the dream of financial success, and not the fact that you will achieve it at all! And if you assess the risks...?!
And it's easy to make a decision - get in your pocket every week 50% and quickly build up with a small investment your financial deposit - or dream of a dubious 150% for a year?
So, we can already summarize - for what reason did Forex have a competitor - Binary option? - It happened because this exchange product has remarkable characteristics:
2. The option itself has a profitability of up to 90% from each lot.
Technical simplicity of financial manipulations and income from the beginning of trading.
4. You do not need to invest a large amount at once - you can enter the market even with $10 on the deposit - but in the shortest time you can make up this deposit (because the option itself has a high rate of return).
5. The known in advance amounts of loss and income, the simplicity of capital management.
6. Simple interface of trading terminals at their high technical equipment.
7. Short training time - due to the technical ease of the trading process.
Disadvantages of the binary option market
Binary options also have a disadvantage. These are:
2. In binary trading there is no possibility to automate the process, and you will have to trade manually. However, there are no complications, so it can hardly be called a disadvantage.
What binaries are called the best?
A point and a half was enough for us to name the disadvantages existing in the binary-option activity. For today this type of trading is the most technically perfect and economically profitable.
Company Binomowhich specializes in the provision of services for trading binary options, has a bar to enter the market in 10$, the minimum transaction as set by this broker at a rate of 1$. At first you can, by the way, and not deposit - Binomo each client gives "free trades" - You can trade free trades at the company's expense, which allows you to test new strategies, the Bimono platform, and even yourself. You can "put" the profit from these trades into further work, or withdraw it from your account and cash it out. These trades are not a bonus.
Due to the fact that the profitability of trading with Binomo can reach a value of 90% - you can quickly build up your deposit, and even if at the beginning of your career - it was minimal!