Difference between binary and forex



Forex brokers will rarely teach traders good money management skills, though almost all brokers will offer some sort of education, therefore it’difference between binary and forex important to also learn on your own. The main idea of the whole trading process is to survive! Survival is the first task, after which comes making the money.

One should clearly understand that good traders are, first of all, skillful survivors. Those who also have deep pockets can additionally sustain larger losses and continue trading under unfavorable conditions, because they are financially able to. For an ordinary trader, the skills of surviving become a vital «must know» requirement to keep own Forex trading accounts «alive» and be able to make profits on top. As you can see, this simple decision — a money management approach — can have serious consequences if misjudged. Forex trading is a high risk investment. All materials are published for educational purposes only.

Welcome to the traders’ number one resource: Binary-Options-Brokers. We pride ourselves with being the first portal dedicated to binary options. We’ve helped thousands of investors to discover the huge profitability of binary trading since February 2010. The number of binary options brokers has grown so fast that you can now find hundreds of such providers.

However, one should pay attention when choosing his brokerage company as not all brokers have the same reliability, financial stability and solid reputation. All the brokers listed on our website are carefully selected and tested by our staff. We take into account several criteria when comparing binary options brokers. Reputation — Older binary option brokers that have been around for some time and have good reviews from their traders are always preferred. Growth — A binary options broker that grows quickly is usually doing the things right.

We try to avoid platforms that come and go. Banking — Deposit and withdrawal methods are very important as they ease the access of investors from all over the world. Fast withdrawals are a must in this industry. Customer support — Whenever you have a problem you want to be able to get help from support immediately. That’s why we consider customer support one of the most important features. Profitability — Investors want to get the most out of their trades. Some brokers have higher payouts than others, and for an active trader that can make the difference between profit and loss on the long run.