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What is the difference between forex trading vs Binary trading? vote results

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What is the difference between forex trading vs Binary trading? Discussion

Nov 19 2021 at 05:55
38 posts
Here are some difference between Binary trading vs forex trading:

1. 24 Hour Trading:

An advantage you have with the Forex Currency Trading System (Forex) as compared to Options trading is your ability to trade 24 hours a day, five days a week if you wish. The Forex Market is open longer than any other market. If your goal is to make double digit gains in a market, it is great to have unlimited time each week to make those trades. Whenever some big event happens around the world, you can be one of the first to take advantage of the situation with Forex Trading. You won't have to wait for a market to open in the morning like you would if you were trading Options. You can trade from your computer instantaneously, all hours of the day and night.

2. Transaction Costs
When it comes to the transaction costs of placing a trade, binary options trading comes on top in the binary options vs forex trading match up. There is no extra transaction cost in placing a Binary options trade. The only cost charged is a percentage deducted in the final payout.
In retrospect, when dealing with forex trading one has to factor in the broker spreads and commission. In extreme cases, even slippage comes into consideration.

3. Liquidity

Forex Trading has the advantage of being more liquid than any other market, including Options Trading. With the average daily volume in the Forex Market reaching close to 2 Trillion, there is no comparison. The liquidity in Foreign Currency Trading (Forex) far surpasses that in the Options Market. This means when it comes time to trade, Forex Trades will be filled much easier than Options trades will. This speed means more potential profit. Couple this with instantaneous trade execution in Forex Trading, and you have the ability to make a lot of trades quickly.
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