What is forex binary option?

Discussion in 'Forex' started by Somrat4030, Jul 6, 2021.

  1. Binary Option is a scam and if you want to do it you may lose your whole money fast.
     
    #11     Sep 5, 2021
  2. honestly speaking i have never seen at any binary option trading platform which is real and never cheat with their clients.
     
    #12     Sep 7, 2021
  3. ZBZB

    ZBZB

    https://www.timesofisrael.com/search/?q=Binary+options&submit=search

    Read all about the bianary options scam in the times of Israel.
     
    #13     Sep 7, 2021
  4. kroxobor

    kroxobor

    Well it works pretty well on crypto however opportunities arise not so often so key to making money is patience
     
    #14     Sep 7, 2021
  5. right now people lost interest about binary option trading , they convert their focus level into crypto currency .
     
    #15     Sep 18, 2021
  6. shine

    shine

    I also think that binary options are more like a scam. After all, unlike forex, where you need to be able to correctly determine the direction of price movement to get a profit, in binary options this is complicated by the expiration time, which only reduces the chance of earning. Therefore, it is more profitable and safer for me to trade on forex without unnecessary restrictions and with comfortable trading conditions provided by my broker fxopen.
     
    #16     Oct 15, 2024
  7. Alexis_0

    Alexis_0

    Forex trading involves predicting currency movements, while binary options offer capped risks with fixed payouts. Use consistent money management strategies: invest the same amount each time, align investments with your comfort level, and avoid increasing stakes after losses. Focus on strategies that yield consistent profits to improve your trading success.
     
    #17     Oct 16, 2024
  8. kroxobor

    kroxobor

    Risks are capped but the downside of this are reduced payoffs. I would rather control my risk trading CFD using stop losses and paying zero spread with fixed commission like with HFM or Exness or similar brokers, rather than trading with shady olymptrade bucketshop, etc.
     
    #18     Oct 16, 2024