Binary Options Trading or FX Trading?
Hey guys,
I am relatively new to investing and I have been trading in the foreign exchange markets occasionally making money, and occasionally losing money. I am very interested in currency exchange so I find all of my research captivating. I recently stumbled upon binary options and was wondering if it is a good trading option to invest in. I don't know if I should stay with FX or switch to binary options. I have heard bad and good things about both but I actually started investing with $100. Your opinions would be very useful to me!
Be careful with binary options, many online brokers are scams.
Binary options suck, they are just gambles with no meat.
Go for FX and at least you will force yourself to learn some basic Technical Analysis (I know, I know..) and some macro/fundamental analysis
Binary options: not enough results based on the leverage you will put out there.
whenever you have the option for non-binary vs binary...in general, non-binary has a better risk vs reward profile, over time...because in a non-binary environment, you can have a 3rd option, which is a scratch...you don't win, but you also don't lose...this gives you more chances to find good opportunities.
There are many similarities between Forex and Binary options trading. You can trade on both these markets online and that too with small amounts of capital. In both these market, traders often speculate on which direction an asset value will move. However, in binary options, traders predict a value of an asset over a fixed period of time, whereas in Forex, traders not only predict the direction of an asset but also guess how high or low the value goes.
I've been in the markets for ~ 25 years and if there is one lesson I've not only learned the hard way, but have seen others fail spectacularly, that would be investing in something you do not fully understand. The currency markets are a tempting venue, especially considering you may trade at all hours of the day, nearly non-stop. However, they're very risky as well, and with currency markets, they are much more susceptible to exogenous events that can drive down the value of a currency over night, simply because there was a natural disaster, terrorist attack, or some other black swan event.
FX and binaries are not a straight forward derivative product. If you like leverage, and like taking some risk, you may always open a brokerage account and trade traditional derivatives: calls, puts, spreads, straddles, strangles, etc. I am an active options trader and learning how to use leverage, as well as to understand intrinsic and time value of an options contract are critical in understanding how to profit from these instruments. However, they are a very powerful tool to have in your arsenal.
Point in fact, I use cash-secured puts to enter a position at a specific strike price, and I exit positions by selling covered calls set to get assigned at a specific strike. Both strategies allow me to collect premium while executing the trade I want to make.
The NFA does not regulate binary trading (yet), and most binary options brokers worldwide are unregulated. The few who are regulated are generally based in Cyprus and are regulated by Cysec. These brokers may or may not be the best ones, so you will need some other criteria to help you make your choice and avoid binary trading scams Check into how well capitalized a broker is before you sign up with a company. A well capitalized company is much less likely to lose your money than one which has plenty of money for operations. Even though binary options brokers aren’t regulated like FX brokers right now, you can still find out whether a broker has $20 million in capital by checking with the Commodity Futures Trading Commission (CFTC). If you have in any way lost your hard earned funds to any of these scam brokers, I have a good news for you. wealth recovery now is a leading firm that helps with binary option & ICO loss recovery. Just visit ; www.wealthrecoverynow.co and contact support for a quick recovery.
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