A:Binary options and day trading are both ways to make (or lose) money in the financial markets, but they are different animals. Day trading, on the other hand, is a style of trading in which positions are opened and closed during the same trading session. They may also consider stocks or futures, but since these endeavours are more capital intensive, forex and binary options are the most accessible to the average person. Although you can use the hte charts for forex and binary trading, there are several differences between the two and these differences will likely appeal to different traders.
Binary options are an alternative way to play the foreign currency (forex) market for traders. 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.Binary OptionsBut first, what are binary options.
Binary Options have become widely popular during the last two years. The main reasons for this, is that they offer high profit returns and they are easy to trade.In this article I will try to outline the main differences between Binary Options and Forex, so that you can bknary which is the better trading method for you.