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Binary option and spot forex

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Binary option and spot forex

Post by olixlite on Mon Jun 02, 2014 10:26 am

There are so many advantages and disadvantages to both binary option and spot forex. One of the great things about binary option is that you always know the exact maximum gain or loss in advance while trading .While spot forex you can not be 100% sure you will lose or gain.
Binary options plays are only available at certain times of the day or week. But with spot forex you are able to enter limit orders for any price at any time during open market hours . And you can also close your trade at any time in spot forex.
Another great thing about binary options trading is that you are not limited to just currency pair and there are no additional transaction cost other than what is normally factored out of the final payout.
In spot forex the transaction cost comes in the form of spread and commission or both.The margin for error when entering a trade is very small in binary option. While in spot forex a trader that is distracted who forget to place exit may potentially create a loss greater than what he bargain for.

olixlite

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