I want to learn how to do binary trades on SecondsTrade. Is it really possible to make high profit easily?
Or it's very risk and dangerous?
Binary just simply mean high risk than doing simple margin/normal forex trading. You can't modify your order, can't put stop loss/profit in binary trading so most of the time in short period options your profit depends purely on your luck.
I prefer to do forex trading with 10x leverage rather than doing binary trading, i think binary trading as pure gambling.
I think there are several reasons why binary called gambling.
1. The regulations in the category of gambling.
2. Each trading we have the possibility of winning or losing 50:50.
3. The losers pay the winner.
4. The more we trade, the more we lose.
5. No backup when they lose.
Maybe that's what makes binary mentioned gambling. I myself agree with you, I prefer forex rather than binary.