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I don't see why anyone would use binary if they can make so much money trading or even copying traders. I mean binary is fifty fifty so its red or black so its like gambling. How can a person guess what the number will be? Its too difficult that way. You can try but it doesn't mean you will get it right so just a waste of valuable money. Sorry, binary is not good for me.Trading in binary options is hard. I doubt if there is anyone that can find it easy unless the person posses enough skills or he has had such experience. I still prefer trading in forex as it is simpler for me and I do not see it as difficult as the binary.
Perhaps those traders who trade in binary understand it well enough to trade in it. It is more like an experienced traders' trade or form of trading for me. There are much more chances of losing than the ordinary trading.I don't see why anyone would use binary if they can make so much money trading or even copying traders. I mean binary is fifty fifty so its red or black so its like gambling. How can a person guess what the number will be? Its too difficult that way. You can try but it doesn't mean you will get it right so just a waste of valuable money. Sorry, binary is not good for me.
But you still can make a profit by exploiting the economic calendar for the trade of binary short term, but once again, the problem is how they give us some of our capital even though we've lost.I don't see why anyone would use binary if they can make so much money trading or even copying traders. I mean binary is fifty fifty so its red or black so its like gambling. How can a person guess what the number will be? Its too difficult that way. You can try but it doesn't mean you will get it right so just a waste of valuable money. Sorry, binary is not good for me.
Sometimes I wonder why they should issue refunds too. I mean, it's a business and if you lost, you lost bit in options, depending on how you lost, at least, you still get some percentage of your investment or equity. Now does it mean that for any trader who trades in binary, there is a degree of insurance housing his trades.But you still can make a profit by exploiting the economic calendar for the trade of binary short term, but once again, the problem is how they give us some of our capital even though we've lost.
Trading in binary options is hard. I doubt if there is anyone that can find it easy unless the person posses enough skills or he has had such experience. I still prefer trading in forex as it is simpler for me and I do not see it as difficult as the binary.
It seems not clear for me either this time, Binary is just like gambling with some forex part added, that is all not less or more. Until now i still prefer Forex because of the risk management that i can use there.Sometimes I wonder why they should issue refunds too. I mean, it's a business and if you lost, you lost bit in options, depending on how you lost, at least, you still get some percentage of your investment or equity. Now does it mean that for any trader who trades in binary, there is a degree of insurance housing his trades.
I'm still in forex trading. At the current situation theirs no way I'm going to trade in binary for me the skills required is much much higher in here. I do hope that in two to three years time I can start trading in binary also. This is what I'm hoping to achieve right now.
Trading in binary options is hard. I doubt if there is anyone that can find it easy unless the person posses enough skills or he has had such experience. I still prefer trading in forex as it is simpler for me and I do not see it as difficult as the binary.
Binary option can be a good venture, howeber we should avoid short term options like 5 mins or even 30 mins because in this case we cannot apply accurately any Forex strategies. I prefer trading in option which expire in not less than 20 hrs.
However when compared with Forex trading, I prefer Forex trading though both Forex trading and binary options have their own advantages and disadvantages. The main advantage of Forex trading is that we can book our profits when the market moves into our favor. While the main advantage with binary options is that there is no slippage problems and once taken we need not watch the Forex market continuously.
Please share your opinions about Forex trading and binary options.