What To Choose: Binary Options Or Forex Trading?

Lately, many traders asked themselves this question: which type of trading is the best

, the forex or binary options? Although the question is quite simple, the answer is not. There might be even more than one correct answer, depending on the trader and what exactly wants to do.

The trading process is easier in binary options than in forex trading. The classic form of forex trading requires solid knowledge and trading skills while in binary options it is enough to estimate the market trend. This major difference between the two types of trading makes binary options very attractive for beginners and amateurs.

On the other hand, forex is the best place to learn and display the best trading skills, making forex market the favorite place for professionals. Being a successful forex trader is undoubtedly a sign of wealth intelligence and trading skills that anyone would like to have.

The predictability of winnings and losses in binary options trading attracts both amateurs and professional traders. Knowing exactly how much you will win if the trading is successful and how much you will lose if not, is a great advantage. In forex you dont know for sure all these facts, you can only assume.

Although the binary options could seem more appealing, as a beginner trader that wants at some point to become professional is recommended to begin directly with forex. The two types of trading are so different that switching to forex might feel like starting to learn forex all over again.

The 15% refund offered by most binary options brokers is very tempting for any player. This refund is a unique safety net available only in binary options.

As you can see there are so many different aspects that complicate the answer to our question about forex and binary options. A good advice for traders would be to check out both solutions and to choose the one that feels to suit them the best.

by: forex trading

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