But if you consider these options with Binary Options as advantageous in favor against Forex possibilities, be careful, as not every broker has it.
Probably you spent hours beneath the computer and hundreds of dollars (I hope just hundreds) trying to succeed in Forex trading. I have come through this way and found that only option selling can provide with consequent and reliable income, as it is based on time decay of sold options. You’ll see, how option seller need not to be 100% right with the market direction, or he can be market neutral at all.
Option selling has so many advantages over Forex, that, in my opinion, every Forex trader – beginner or advanced – should know about.
Option selling is the main investment vehicle of many asset management funds and you can be part of it, or establish your own company one day. That is if you already know a thing or two about trading markets, stock market, the Forex market and similar markets.
For example, you order a guess of the currency pair or a stock value will increase in 1 hour from now. One lot can be about 1000 units of your chosen currency pairs, but it can be a smaller lot, or for those with bigger appetite, you can trade on a larger scale, millions of dollars. This axioms totally different from Forex trading or Stock market trading and I’ll keep no secret from you!
If you are not fond of stock markets, but rather would like to give it a try in the Forex market, try to see if the Binary options is the right thing for you.
You can lose all your investment portion (for example all 2% which you risked) in trading currency pairs. If you think the price would increase, you should buy one lot of this currency pair and wait until the value of euro would increase so you sell it for 1.3092 dollars per euro. In Binary Options, depending on your broker, you can save sometimes up to 15% of your initial investment. If you invest a hundred dollars, and your option turns to be a winning one, you will get 80 dollars.
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