Forex Trading or Binary Option? - page 2.

sarmrakib

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

I think the market is always a tough place if it is crypto,Forex,Binary,stock etc.However before coming here i did binary and forex But i lost much money .Then when i came to know about crypto i started to trade here ,Crypto is much and more potential from forex and binary is one kind of gambling so always ignore it .So that i want to prefer you trade here and in crypto and learn about market as well .Hopefully you will be profited .

Bitinity

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Quote from: ryzaadit on April 15, 2019, 12:10:28 PM

Then you same like me, my trading Binary Option lose more than 300-400$ the problem its on a Psychology trading, if i compare Crypto with Binary Option i can't really control my emotion/psychology on binary option. That's was really hard for me to control my emotion, but on cryptocurrency i really enjoy it and still can control psychology trading from crypto.

Did you lose it on non crypto binary trading? There are some crypto binary trading sites as far as I can see, so if your main issue is about non vs crypto then you may try crypto binary option.

ryzaadit

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Then you same like me, my trading Binary Option lose more than 300-400$ the problem its on a Psychology trading, if i compare Crypto with Binary Option i can't really control my emotion/psychology on binary option. That's was really hard for me to control my emotion, but on cryptocurrency i really enjoy it and still can control psychology trading from crypto.

arpon11

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Both binary options trading and forex or cryptocurrencies trading are risk investments venture and there are just a little better than gambling. However, I think binary options is riskier than forex trading because it is just one way things and you just did not need patience and much skills as it just deal with put or ask and whenever the term and time of your investment expire you either lose your investments or make 85% profits. Though you are in charge but remember that the odd is completely against you and by investing in it your chance of winning is very slim. In forex you have a bit opportunity to keep holding and in a long run makes profits from your holding and patience is required also.

akamit

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Forex and Binary both are very risky and I suggest not to play with it until you are confident enough.
But Binary is riskier than Forex and it's like peoples are playing with a fireball intentionally without knowing that they will burn out themselves sooner or later. Binary in other word is "Gambling".

mrdeposit

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Instinct can provide today, but tomorrow you can lose more. Binary option is not a trading, it is gambling. Therefore, finding the appropriate strategies for yourself and improving as time goes by, makes you better trader.

LUCKMCFLY

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

I think that not managing well how you can operate with this method is the main reason why you lost, I have always trusted my method, understanding the market with Wyckoff's theory, it helps me a lot to know what stage of the market we are and thus manage to take decisions to build positions, but binary options is not an option for me. I think that binary options have a lot of theory based on technical analysis at very specific levels, it could be used to do some scalping but I would not risk it.

playboy654

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

both this way of money making had positives and negatives equal and the risk is always higher in this type of trading methods I think it will suitable for different kinds of people in different ways show the final decision is always made by the experience of trader.

dvdrewritable

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Binary trading is very risky because there is a lot of losses very easily and it can be much more beneficial in a very short time. It is like a type of gambling. I think that if you want to trade in Forex and you must be an expert on trading, then you have to go the forex trading. Best thinks you can do forex or crypto trading but Wherever you go you have to be expert in the trade,can not do anything carelessly.

Harlot

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Dude if you have lost money right away it doesn't mean you need to change another market to earn. It only means are unprepared to enter a market and you need to learn before you even started betting on your money. The investment markets doesn't worked that way that if you lose money you will find another market, its simply a stupid thing just to say you are giving up already. I wouldn't even advise you to enter another market because you aren't really prepared to be in one right now.

Zadicar

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

I would definitely choose up Forex.

Binary option is just like gambling yet you would need to predict on what would be the price of such asset/coin on a particular period of time on what they do offer.
If your guess is right then you win if not then you lost it all.Unlike when you do make tradings unto market where you can still make some recovery if you do make
losing trades.

akram143

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

it depends on the situation because everyone has different mind set about the trading Experience so choosing will be different for everyone and these two ways are definitely helpful for making money and the choice is definitely with the mindset of trader.

mersal

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

I think Forex trading will be more profitable for my lifestyle because I am very often to take risk every time so it will be like giving the risk and take the profit at the end so Forex trading has lots of risk and also the profit is returnable for our work that's why I am choosing this

Ailmand

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I'm not into trading especially now that the market is currently unstable. Using binary trading needs analytical and technical knowledge and lack of understanding of what you are doing might lead you to uncertain losses and I guess blaming the trading option everytime you fail isn't acceptable.

Guvn0r

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Forex is a good choice if you really know what your goals and you are well disciplined trader. The market is greatly influenced by world events so fundamental analysis play a major role in succesfull trade along with technical analysis. You can get great rewards if you trade safe, may be practice paper trading for few months until you are confident, before investing real money.

Haunebu

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I don't trade too much, but I choose forex over Binary options whenever I do since I feel it is a tad less riskier when compared to trading binary options. Crypto trading is slightly riskier in this case due to the extreme volatility of the market.

Buying and HODLING for the long term is my preferred form of trading.

carter34

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I'm sure that whatever trade we decide to do, if you get greedy in your orders , you are likely to lose big.

I suggest forex trade for you. Forex trade gives you money whether on selling or buying because the market price depreciates for gains or appropriates for gain also.

maydna

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Using binary trading without having a skill or information will give a lose in your money, and you already prove it by yourself. I think you should try crypto trading which is buying and selling and there are many exchanges you can join. You can choose from binance, bittrex, poloniex, kucoin, or other exchanges and if you don't want to fill KYC, then binance is the best exchange site for you.

I never tried binary trading because I don't have any skills in that trade, but I have experiences in crypto trading, so it was still worth for me to trade in the crypto trading. You are lucky that you lose your money in an hour because other people get lose in less than an hour. You'd better try to learn the basics of trading first before you trade in the real exchanges and my advice is don't use too big money in the first time because you need to make yourself familiar with the crypto trading.

Bitinity

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Quote from: furenaire123 on April 14, 2019, 02:40:06 AM

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Binary trading is like a gambling as you need to guess the price will up or down in specific time frame. Once your prediction is wrong, you lost your money. I dont even tried binary trading for real so far, I have tried it long time ago when there was Secondstrade with small amount but seems that this is not really good for me so I decided to stop.
Now I just do normal trading, buy some bitcoin or other cryptos then wait the price up to sell it. By this way, I can manage my bankroll better, I can sell or buy anytime as I wish and I will only lose if I sell it at cheaper price then the price when I buy.

furenaire123

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I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Topic: Forex Trading or Binary Option? - page 2. (Read 417 times)