You are getting familiar with binary options more and more now and you are aware that binary options are getting in popularity over the past 2 years. Let us take a look at what is the difference between Forex vs Binary. This way you can evaluate which is better for trading and starting more easily.
FOREX VS. BINARY OPTIONS
Let’s take a closer look at the differences between these two…
1. Forex trading is a much more professional environment and does not allow you any mistakes that is why more than 90% of the traders fail and lose money in the forex market. When on the other hand binary options are more simple and easily understandable for people that are new to the whole thing.
2. With binary options you have predefined profit and it can be even up to 90% in rare cases the profit can go up to 400%. With forex, you are your own judge and there are no predefined values because you can open and close the trade at any time you desire, and as well the profits can be as well higher but it much riskier.
3. Binary options are safer when it comes to trading because you already know at the start how much you can lose or profit and also if you lose you can get some back because of the safety refunds that brokers are offering you. There is no such thing as forex, when you lose, you just lose.
4. Binary options give you more assets to trade with than in forex which means you are not limited only to currencies but you can make predictions in stocks, indices, and commodities as well.
