Binary Option Trading is easier than forex trading, no hassle of managing stop losses and take profits. All you have to predict either the underlying asset value increases within the specific time frame (specifically called expiry). You simply win and get additional payouts around 70 – 80 % if your predictions come true otherwise you lose.
I would like to hear more from anyone who has tried BO trading..!
Binary options trading is the world’s famous and the most popular trading platform that gives the investor an option to make the most out of his investment. It involves less risk than other financial options. If binary trading is conducted properly, a trader can earn a good amount of money.
I would recommend trading on higher timeframes if you are a newbie as it is quite difficult to trade with 30 sec & 60 sec strategy. Newbie can loose money if they tried 30 or 60 sec and remains unlucky.
Yes, I think the best time frames for trading binary is 15 minutes. Though, to execute a trade, you need to do your analysis on the hourly time frame. Personally, I trade Binary with one broker but Trade Forex with FreshForex broker.
I noticed many binary traders complaining about their broker regarding withdrawals and other stuff however i really lucky enough to choose optiontrade as my binary option broker with no complaints so far.
To trade the forex market you need a reputable, trusted, and capable forex broker, the broker is the person or business that facilitates your interaction with the forex market. Without a quality FX broker there would be no way you could trade the forex market and take advantage of profitable trading opportunities each and every day. It is important that you find a recommended broker; one that many customers have had positive experiences with, otherwise you run the risk of using an FX broker that may not be as worthy of your business as some of the others. So, finding a top-quality forex trading broker that you can trust is a crucial part of becoming a successful forex currency trader.