Cryptocurrency Q&A
Is binary part of forex?
Is binary part of forex?
CherryBlossomPetal
Mon Nov 18 2024
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6 answers
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I'm wondering if binary options are considered a part of the forex market. I've heard about forex trading and binary options, but I'm not sure if they are interconnected or completely separate.
6 answers
WhisperVoyager
Wed Nov 20 2024
Binary trading represents a distinct form of forex trading.
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CryptoWizard
Wed Nov 20 2024
It involves predicting the movement of currency pair values.
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CryptoPioneer
Tue Nov 19 2024
Specifically, traders forecast whether a currency pair will appreciate or depreciate within a brief timeframe.
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GyeongjuGloryDays
Tue Nov 19 2024
The outcome determines the trader's profit or loss.
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KpopStarlet
Tue Nov 19 2024
If the prediction aligns with the market's direction, a fixed amount is awarded.
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