Kingstone
Active member
Sometimes I get confused by the two forms of trading and I believe they are different. What is forex trading and what is binary trading?
I began the world of trading using Volatility indices 75, which I believe is Binary trading.
In this form of trading, I can determine how much I am willing to lose by setting a stop-loss before or after placing a trade. Mostly, I set it before placing a trade and can decide to shift it to the positive side if I place the right trade. Also, this form of trading can be traded 24 hours every day unlike Forex trading (foreign exchange trading) that only allows 5 days a week, excluding the weekends.
I could not set my leverage on Volatility as it is done by the brokers. So my trades are affected by the leverage. This is another major difference I have seen with Forex trading.
What other major difference do you know?
I began the world of trading using Volatility indices 75, which I believe is Binary trading.
In this form of trading, I can determine how much I am willing to lose by setting a stop-loss before or after placing a trade. Mostly, I set it before placing a trade and can decide to shift it to the positive side if I place the right trade. Also, this form of trading can be traded 24 hours every day unlike Forex trading (foreign exchange trading) that only allows 5 days a week, excluding the weekends.
I could not set my leverage on Volatility as it is done by the brokers. So my trades are affected by the leverage. This is another major difference I have seen with Forex trading.
What other major difference do you know?