Are binary options a good way to trade Forex?

Although they are a relatively expensive way to trade forex compared with the leveraged spot forex trading offered by a growing number of brokers, the fact that the maximum potential loss is capped and known in advance is a major advantage of binary options.

What is forex trading?

Forex can be defined as trading with foreign currency. Many binary options in forex are available with popular pairs like USD-CAD, EUR-USD, and USD-JPY. The timespan is our choice that may be as little as 60 seconds. It is named as a binary option because we can either win it all or lose it all.

What is binary trading for Dummies?

That is the very basics of binary trading for dummies. It is that simple, and it is designed to be that easy. Your return is clearly stated before hitting the ‘apply’ button. You will earn 72% on your investment if you finish the trade ‘in the money’. “X” can be any number of underlying assets.

How do forex brokers work?

Forex brokers offer different trading platforms for use by their clients — just like brokers in other markets. These trading platforms usually feature real-time charts, technical analysis tools, real-time news and data, and even support for trading systems.