Jakarta –
Seeing how crowded the public is about affiliates in trading Binary Option in a guesswork or gambling way. Many have drawn controversy that forex trading works like gambling.
Here’s a more complete explanation between Binary Options and Trading, including the differences that have been summarized detik.com from various sources, Saturday (29/01/2022):
1. Traded Instruments
In forex, the instrument traded is the value of the currency in one country against the value of the currency in another country.
Whereas, in Binary Options, do not actually trade currencies like forex. Instead, it only takes a prediction of the value of the currency, namely whether it will go up or down.
2. Trading Methods
In forex trading there is a leverage system, which means that the trader’s margin is compared with the amount of loan funds from the broker to increase returns. The importance of understanding a good leverage system is used to achieve money management and make a trading plan consistently. So, when you invest, you can understand the risks involved.
While in binary options, traders only need to predict the direction of the market will be high or low within a period of 3 or 15 minutes without the need to consider leverage, spread, or margin.
3. Trading Duration
In forex trading there is no set timeframe as in Binary Options. You can buy or sell currencies at any time according to the analysis and knowledge that has been studied.
Meanwhile in binary options, there is a limit on the duration of the trading time according to what has been determined by the trader. This time limit is usually around 3 to 15 minutes. The time will run after placing the price range predicted by traders.
There are more differences between Forx and Binary Options, go to the next page.
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