Is Binary Options The Same as Trade? - page 2.

Sled

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Bitcoin- in bullish time

Quote from: electronicash on May 03, 2017, 06:24:57 PM

Quote from: mrcash02 on December 20, 2016, 06:13:25 PM

Is Binary Options the same as trade for you?

What are the differences?

no difference for the impatient traders really. binary is just like forex scalping, one will just go short or long for a particular period of time and profit. same thing when an alt trader tries to ride a pump and get out of their position after seeing a downtrend.

Forex scalping or trading is very different in binary option trading because in binary option you are predicting if the price will go up or down in the next few minutes while in forex trading you are the one who will get profit, it needs analyzation skills and not pure prediction because that is not how forex trading works. They are very different to each other.

richardsNY

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Quote from: electronicash on May 03, 2017, 06:24:57 PM

Quote from: mrcash02 on December 20, 2016, 06:13:25 PM

Is Binary Options the same as trade for you?

What are the differences?

no difference for the impatient traders really. binary is just like forex scalping, one will just go short or long for a particular period of time and profit. same thing when an alt trader tries to ride a pump and get out of their position after seeing a downtrend.

In terms of crypto, if you go wrong with an altcoin, you'll lose a certain percentage (assuming you close your position at a loss). If you go wrong with binary options, you'll lose everything instantly -- that's a very important difference. I rather risk losing a certain percentage than everything all at once. It's a pure form of gambling, but it gets hyped up in the way that skills and market understanding matter for the larger part.

electronicash

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Quote from: mrcash02 on December 20, 2016, 06:13:25 PM

Is Binary Options the same as trade for you?

What are the differences?

no difference for the impatient traders really. binary is just like forex scalping, one will just go short or long for a particular period of time and profit. same thing when an alt trader tries to ride a pump and get out of their position after seeing a downtrend.

anavuajna

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Quote from: Idrisu on May 03, 2017, 02:10:43 AM

Op looking at it from another angle; binary option is risk and reward you understand before taking. It has it own advantage and disadvantage but I think it is more riskier than forex. Forex or trading general be it margin or arbitrage need skills and proper money management police in place before trading successfully.

Probably just reading the books, you do not have to immediately take seriously the trade. You need to acquire skills and then work in full force. Course study in the process is the most important.

Watanabe1505

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Binary Options works based on the prices different of comodity pairs or currency pairs that is definited in the future. For example, if you expect USD price will increase in comparison with JPY by putting a contract at ratio 1USD equal 110JPY in 60s and then after 60s the price move to 1USD equal 111JPY you will win with income depending on fixed percentage of your bet money

Idrisu

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Op looking at it from another angle; binary option is risk and reward you understand before taking. It has it own advantage and disadvantage but I think it is more riskier than forex. Forex or trading general be it margin or arbitrage need skills and proper money management police in place before trading successfully.

Schuyler

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Quote from: mrcash02 on December 20, 2016, 06:13:25 PM

Is Binary Options the same as trade for you?

What are the differences?

Trading is more variable. This can be good or bad depending on how the trader trades. A stop loss can be used to control risk, but market conditions may prevent the order from being executed at the expected price resulting in a larger than expected loss. If a stop loss is not used, then the risk of the trade is unknown. A profit target can also be used to take profits at a certain price or percentage level, but there is no guarantee that price will be hit.Binary options trading is simpler than forex trading because there is no variability, you know your risk and profit potential and when the option expires you either lose or gain the pre- determined amount. With forex trading you don’t know your ultimate risk and profit until you close the trade. But this can also be an advantage depending on your trading level as the fixed risk and profit of binary options offers little flexibility in customizing risk relative to reward.

Sled

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Bitcoin- in bullish time

Quote from: olubams on March 29, 2017, 01:53:13 PM

Since have tried the two all I can say is that they are only similar but not the same. Similar in the sense that both involves some level of risk although it differs but the difference part is the fact that in the case of binary, you just have to predict whether there will be increase in the price or fall after a particular time, you then win or lose but no the case in trading because you have some level of control over your investment compared to the latter...

Yes they are very different from each other because binary option is almost the same of the casinos out there that all about high and lows because in binary option you will just predict if the price of the certain currency will go up and down but there is an advantage for binary option or traders because the currency can be predicted with a high chance of being correct by reading different news or update just like in trading either altcoin or bitcoin.

olubams

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Since have tried the two all I can say is that they are only similar but not the same. Similar in the sense that both involves some level of risk although it differs but the difference part is the fact that in the case of binary, you just have to predict whether there will be increase in the price or fall after a particular time, you then win or lose but no the case in trading because you have some level of control over your investment compared to the latter...

BitHodler

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Quote from: mastermold on March 29, 2017, 10:43:15 AM

Binary options is nothing but gambling at its best - scamming people for their money since there is no regulation. So there is plenty of crap out there and I would recommend to stay away from this. If you think there is something legit ask them for an audited statement.

While trading allows you to learn and how to trade instead of gambling. Education and practice is key as there is so many strategies to master. Unlike the binary option where there is a time limit ( on FX) there isn't and if you wish to hold a position for a long time.

Nowadays there are plenty of ads running on TV from binary option platforms.

What I strongly dislike about these ads is that they make it seem like you are just trading stocks, while they nowhere state that it is in fact about binary options that involves extremely high risks.

It's horrible to see how they have set up their site just to trap in newbies not knowing what they are doing. It's a disgusting way of trying to make money from people that have no idea what risk they expose themselves to.

Golftech

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Quote from: mastermold on March 29, 2017, 10:43:15 AM

Binary options is nothing but gambling at its best - scamming people for their money since there is no regulation. So there is plenty of crap out there and I would recommend to stay away from this. If you think there is something legit ask them for an audited statement.

While trading allows you to learn and how to trade instead of gambling. Education and practice is key as there is so many strategies to master. Unlike the binary option where there is a time limit ( on FX) there isn't and if you wish to hold a position for a long time.

that's right while in binary option there's a short term results unlike inside trading you will able to make a long hold just in case your supported trade went down, there's still possibility that it will bounce back and regain or much better value while in binary if your position went wrong you already loses your money.

mastermold

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Binary options is nothing but gambling at its best - scamming people for their money since there is no regulation. So there is plenty of crap out there and I would recommend to stay away from this. If you think there is something legit ask them for an audited statement.

While trading allows you to learn and how to trade instead of gambling. Education and practice is key as there is so many strategies to master. Unlike the binary option where there is a time limit ( on FX) there isn't and if you wish to hold a position for a long time.

Kevin77

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Quote from: Silberman on March 17, 2017, 09:17:48 PM

in some countries binary options are classified as a form of gambling and are forbidden by the local laws

Yes, there will be no wonder as binary options are just dealing similar to how we are betting on soccer teams. Just do or die kind of possibilities alone we could get from binary trading. I read many counties refusing to regulate and approve binary trading as they are considering it is a type of gambling.

Quote from: Silberman on March 17, 2017, 09:17:48 PM

some think of them as a type of trading, personally I think binary options is gambling.

It is the opinion of most of the people here. If possible, it would be good if any professional binary trader will be ready for showing their track of records on how they are performing in binary trading so that we can confirm whether our opinion is right or not.

Polar91

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Quote from: mrcash02 on December 20, 2016, 06:13:25 PM

Is Binary Options the same as trade for you?

What are the differences?

No. Binary options is like a gambling wherein you have to put your bet wether if it would rise or go down. It's like a quick trading. In the other hand in trading, you have the choose which kinda trading you prefer, wetger it is long term trading or short term trading. They are both risky however, if you have a good signals, you can be with huge whales that would certainly gives you an incredible profit.

ArdiPrabowo

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Quote from: densuj on January 16, 2017, 11:59:40 PM

Quote from: digaran on January 16, 2017, 10:19:00 PM

If you consider forex, binary options and trades like that a gamble then all the wall street people are just gamblers with some huge balls

.
Yes they are both the same only with different tactics and methods required to succeed and they are both time sensitive while gambling is not.
In gambling you have all the time in the world and in need of pure luck without any method to study or charts to check for tips, unless using martingale which casinos deploy fail safe against if used.

You are right and i agree with it, trading can be analyzed with method analysis fundamental and analysis technical for making prediction price, they are method on trading and all of traders use it, so the traders can make money (get profit consistently) and living from trading.
Because of losing money in trading and can not making prediction use analysis fundamental and technical doesn't mean trading is same with gambling it is something different.

forex trading and binary option trading is big difference
if you want known binary option trading and forex trading you can try trading in there, example is option trading you can try secondtrade.com or binary.com, if trading forex you can try in many forex broke in reputable and regulated
option trading i can use limited time in trade after limited over you can win or lost, forex trading you can hold is life time in you want and you can close youre OP is anytime

and wall street trade stock exchange , example new york stoke exchange dowjones or more is very big difference with gambling

Wind_FURY

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Quote from: ImHash on March 17, 2017, 03:13:37 AM

Right now is the perfect time to trade in binary option with bitcoin price since it's going down it shouldn't be so hard to predict further drops.
If you hesitate in opportunities such as this you'll end up with nothing. so far I've earned $850 betting on price going down.

The people who say it is "easy" and that "now is the right time" in this forum are mostly the people who are not really that good at trading. I will believe you if you show proof that you are a winner in trading. It has to be a good and large sample size also. Not some isolated incident where you got lucky.

Silberman

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Quote from: mrcash02 on December 20, 2016, 06:13:25 PM

Is Binary Options the same as trade for you?

What are the differences?

There is no agreement in some countries binary options are classified as a form of gambling and are forbidden by the local laws, but some think of them as a type of trading, personally I think binary options is gambling.

poplolnman

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Quote from: naidray on March 17, 2017, 02:34:32 AM

Quote from: Zadicar on March 16, 2017, 10:47:05 PM

Speaking the level of riskiness i could really say that binary options does really have higher risk on losing money but if you are confident that you have proper knowledge specially on forex trading you will surely catch it up because i do know some good pro forex traders who are earning also on binary options.

Proper knowledge will help ? In binary trading, I do not think so. Because in highly fluctuating market conditions, it would be really equivalent to suciding action to touch the trades. Binary options are available for both Forex trading as well as for bitcoin trading. But it will not work with your knowledge because it is just a gambling but in trading style. Better avoid it.

Quote from: Wind_FURY on March 16, 2017, 10:01:15 PM

A binary option is like a bet on a bet. It is a kind of derivative that make you gamble on the movements of the market.

Yes without doubts, binary trading is more similar to gambling. When traders are looking for less risk involved platforms, it would be highly recommended not to go for it.

the point for me there's hard to verify which one the most reliable market parameter used by the binary trading site provider? every second price movement seems like just a visual only to show it was trading not gambling , but what i feel when do binary trading , there's feels like a house edge. anyone else feel the same thing as me?

ImHash

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Right now is the perfect time to trade in binary option with bitcoin price since it's going down it shouldn't be so hard to predict further drops.
If you hesitate in opportunities such as this you'll end up with nothing. so far I've earned $850 betting on price going down.

naidray

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Quote from: Zadicar on March 16, 2017, 10:47:05 PM

Speaking the level of riskiness i could really say that binary options does really have higher risk on losing money but if you are confident that you have proper knowledge specially on forex trading you will surely catch it up because i do know some good pro forex traders who are earning also on binary options.

Proper knowledge will help ? In binary trading, I do not think so. Because in highly fluctuating market conditions, it would be really equivalent to suciding action to touch the trades. Binary options are available for both Forex trading as well as for bitcoin trading. But it will not work with your knowledge because it is just a gambling but in trading style. Better avoid it.

Quote from: Wind_FURY on March 16, 2017, 10:01:15 PM

A binary option is like a bet on a bet. It is a kind of derivative that make you gamble on the movements of the market.

Yes without doubts, binary trading is more similar to gambling. When traders are looking for less risk involved platforms, it would be highly recommended not to go for it.

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