In this article, we will compare 2 types of trading platforms. Many of our readers have asked us to devote an article to this topic in order to provide all the necessary comparative information between Forex and Binary Options.
The term Forex comes from the Foreign Exchange currency market. The Forex has been traded on the stock exchange for several decades now. The Forex appeared to all as elitist and is reserved for economists. Over the past 10 years and with the advent of the internet, Forex trading has been fully liberalized and popularized. Trading platforms have been developed and they gradually introduced corporate shares and commodities. The trader type is no longer associated with a bank or another financial entity; it has become an independent entity that dabbles on the stock market for pleasure. We are facing a real revolution with more and more people wanting to learn how to invest in stocks. Trading is accessible to everyone everywhere. Moreover, trading platforms adapt to new technologies and can also be found on mobile devices. We can now trade anywhere.
In fact, accessible to many people, Forex trading requires minimal knowledge and time investment. When a trader opens a position, he does not know when he will close the position (contrary to binary options). Thereby, he must continuously monitor the markets to close his position at the right time and thus generate profits.
As a small personal anecdote, I found myself in the process of trading on my mobile in the Paris subway and many people around me were doing the same thing, which allowed us to share our strategies.
The evolution of trading over the past 10 years has resulted in Binary Options trading. Binary options function in the same way as trading in a traditional platform but offers a more simplified version of traditional trading. It can adapt to novice traders through comprehensive training and to any trading level as it is the case with the OptionSmarter trading platform for example.
Binary options will be much more intuitive than another trading platform. Spreads can no longer be provided, but you will receive a fixed percentage before investing in the tools of your choice. As I mentioned, binary options are suitable for all with the ability to trade and directly choose the expiration time, which ranges between 60 seconds and 1 hour. Therefore, scalpers can use their strategies without worries as with the OptionSmarter platform, where you can enter the market from $ 5; an option that traditional trading platforms do not provide.
Binary Options can offer all the trading comfort that a trader can expect from his broker. The simplicity and intuitiveness are put forward so that the trader can become accustomed as quickly as possible and make a profit on the same day or within one hour from his first investment.
We invite you to consult the comprehensive test of the OptionSmarter platform created by our team to help you get a more precise idea about what this broker offers.
Do not forget that you can benefit from a negotiated 100% bonus instead of 30% when you open an account with OptionSmarter.