Let's look at the binary ones, the advantages of which are visible to the naked eye:
- two buttons: you need to predict only the price movement, not its price level;
- income: from 70% per minute and more;
- adjustable bet size;
- no hidden fees: the broker earns on the difference between the amounts invested and received by traders;
- many assets - there are literally dozens of them, not only currency pairs but also gold, digital options, oil, whatever.
So if we compare the binary with Forex, then the latter starts to seriously lose. However, it also has advantages:
- leverage: the ability to trade for very large amounts, without actually having them on the deposit;
- Forex is more flexible in terms of different strategies and trading methods.
So the binary perfectly complemented Forex and became an opportunity for beginners to make their first price movement forecast. And new brokers do pop up every single day. What do you say to that, what kind of trading do you prefer?
