difference between Binary & forex trading

This is a discussion on difference between Binary & forex trading within the First Steps forums, part of the Reception category; Silly question but how BO looks like.!!! I have never work with it but want to see what layout out ...

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Old Nov 11, 2016, 5:13am   #9
Joined Apr 2016
Silly question but how BO looks like.!!! I have never work with it but want to see what layout out of it, any link to see the image of BO trade...
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Old Nov 15, 2016, 4:42am   #10
 
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Binary options trading is simpler than forex trading because there is no variability, you know your risk and profit potential and when the option expires you either lose or gain the pre- determined amount. With forex trading you donít know your ultimate risk and profit until you close the trade.
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Old Nov 15, 2016, 8:44am   #11
 
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Binary options are just one big scam, so avoid it at all costs. Trade forex, futures, or vanilla options instead. Forget binaries, that is pure gambling in which the house has advantage.
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Old Nov 15, 2016, 11:38am   #12
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Binary means you are unsure of your personal sexual leanings. Forex trading means you buy 1 currency and sell the other hoping to make money.
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Thanks! The following members like this post: djrikstar
Old Nov 15, 2016, 8:53pm   #13
 
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It is important to choose a decent broker. I think better to start with Forex.
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Old Nov 15, 2016, 8:55pm   #14
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I am definitely interested in getting into fx options. Might start looking into it next year
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Old Nov 24, 2016, 11:47am   #15
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Longer you stay with a BO broker the higher your probability of wiping your account, mathematically BO brokers know this.....for your own safety go with cfd's or U.S. options
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$1051153.2 = 73 weeks. If you can't do it....quit or hit the books
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Old Nov 24, 2016, 12:03pm   #16
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Quote:
Originally Posted by joseph1986 View Post
Longer you stay with a BO broker the higher your probability of wiping your account, mathematically BO brokers know this.....for your own safety go with cfd's or U.S. options
If a person blows an account trading BO then how is trading cfd's or other option types going to prevent an account being blown again?
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