Bitcoin Forum

I've already tried Binary trading but I lose my money in just an hour.
What kind of trading are you in? And what would you prefer?

Binary trading is like a gambling as you need to guess the price will up or down in specific time frame. Once your prediction is wrong, you lost your money. I dont even tried binary trading for real so far, I have tried it long time ago when there was Secondstrade with small amount but seems that this is not really good for me so I decided to stop.
Now I just do normal trading, buy some bitcoin or other cryptos then wait the price up to sell it. By this way, I can manage my bankroll better, I can sell or buy anytime as I wish and I will only lose if I sell it at cheaper price then the price when I buy.

Using binary trading without having a skill or information will give a lose in your money, and you already prove it by yourself. I think you should try crypto trading which is buying and selling and there are many exchanges you can join. You can choose from binance, bittrex, poloniex, kucoin, or other exchanges and if you don't want to fill KYC, then binance is the best exchange site for you.

I never tried binary trading because I don't have any skills in that trade, but I have experiences in crypto trading, so it was still worth for me to trade in the crypto trading. You are lucky that you lose your money in an hour because other people get lose in less than an hour. You'd better try to learn the basics of trading first before you trade in the real exchanges and my advice is don't use too big money in the first time because you need to make yourself familiar with the crypto trading.

I'm sure that whatever trade we decide to do, if you get greedy in your orders , you are likely to lose big.

I suggest forex trade for you. Forex trade gives you money whether on selling or buying because the market price depreciates for gains or appropriates for gain also.

I don't trade too much, but I choose forex over Binary options whenever I do since I feel it is a tad less riskier when compared to trading binary options. Crypto trading is slightly riskier in this case due to the extreme volatility of the market.

Buying and HODLING for the long term is my preferred form of trading.

Forex is a good choice if you really know what your goals and you are well disciplined trader. The market is greatly influenced by world events so fundamental analysis play a major role in succesfull trade along with technical analysis. You can get great rewards if you trade safe, may be practice paper trading for few months until you are confident, before investing real money.

I'm not into trading especially now that the market is currently unstable. Using binary trading needs analytical and technical knowledge and lack of understanding of what you are doing might lead you to uncertain losses and I guess blaming the trading option everytime you fail isn't acceptable.

I think Forex trading will be more profitable for my lifestyle because I am very often to take risk every time so it will be like giving the risk and take the profit at the end so Forex trading has lots of risk and also the profit is returnable for our work that's why I am choosing this

it depends on the situation because everyone has different mind set about the trading Experience so choosing will be different for everyone and these two ways are definitely helpful for making money and the choice is definitely with the mindset of trader.

I would definitely choose up Forex.

Binary option is just like gambling yet you would need to predict on what would be the price of such asset/coin on a particular period of time on what they do offer.
If your guess is right then you win if not then you lost it all.Unlike when you do make tradings unto market where you can still make some recovery if you do make
losing trades.

Dude if you have lost money right away it doesn't mean you need to change another market to earn. It only means are unprepared to enter a market and you need to learn before you even started betting on your money. The investment markets doesn't worked that way that if you lose money you will find another market, its simply a stupid thing just to say you are giving up already. I wouldn't even advise you to enter another market because you aren't really prepared to be in one right now.

Binary trading is very risky because there is a lot of losses very easily and it can be much more beneficial in a very short time. It is like a type of gambling. I think that if you want to trade in Forex and you must be an expert on trading, then you have to go the forex trading. Best thinks you can do forex or crypto trading but Wherever you go you have to be expert in the trade,can not do anything carelessly.

both this way of money making had positives and negatives equal and the risk is always higher in this type of trading methods I think it will suitable for different kinds of people in different ways show the final decision is always made by the experience of trader.

I think that not managing well how you can operate with this method is the main reason why you lost, I have always trusted my method, understanding the market with Wyckoff's theory, it helps me a lot to know what stage of the market we are and thus manage to take decisions to build positions, but binary options is not an option for me. I think that binary options have a lot of theory based on technical analysis at very specific levels, it could be used to do some scalping but I would not risk it.

Instinct can provide today, but tomorrow you can lose more. Binary option is not a trading, it is gambling. Therefore, finding the appropriate strategies for yourself and improving as time goes by, makes you better trader.

Forex and Binary both are very risky and I suggest not to play with it until you are confident enough.
But Binary is riskier than Forex and it's like peoples are playing with a fireball intentionally without knowing that they will burn out themselves sooner or later. Binary in other word is "Gambling".

Both binary options trading and forex or cryptocurrencies trading are risk investments venture and there are just a little better than gambling.  However,  I think binary options is riskier than forex trading because it is just one way things and you just did not need patience and much skills as it just deal with put or ask and whenever the term and time of your investment expire you either lose your investments or make 85% profits.  Though you are in charge but remember that the odd is completely against you and by investing in it your chance of winning is very slim.  In forex you have a bit opportunity to keep holding and in a long run makes profits from your holding and patience is required also.

Then you same like me, my trading Binary Option lose more than 300-400$ the problem its on a Psychology trading, if i compare Crypto with Binary Option i can't really control my emotion/psychology on binary option. That's was really hard for me to control my emotion, but on cryptocurrency i really enjoy it and still can control psychology trading from crypto.

Did you lose it on non crypto binary trading? There are some crypto binary trading sites as far as I can see, so if your main issue is about non vs crypto then you may try crypto binary option.

I think the market is always a tough place if it is crypto,Forex,Binary,stock etc.However before coming here i did binary and forex But i lost much money .Then when i came to know about crypto i started to trade here ,Crypto is much and more potential from forex and binary is one kind of gambling so always ignore it .So that i want to prefer you trade here and in crypto and learn about market as well .Hopefully you will be profited .

Binary Options is similar to gambling as others have pointed out, that's why you are losing money that fast, risk is high. Used to do forex before, but I prefer crypto trading though. Yes there is risk by there's a lot of ways to minimised it, specially having a good exit plan. Of course you are in a crypto community so obviously majority will say that crypto trading is the best option.

I would suggest you to avoid both of them. Binary option is pure luck based and you have no control over it. Forex trading is not for you if you are not fully experienced in trading. A better option for you is to start the crypto trading as even if you make mistakes in it at the beginning, you can still recover if you follow one simple rule, i.e do not sell in loss.

Yes, Binarys are pure gambling. Also most of that brokers are scammers. Even if you are right with your trade direction, you will get lags here and there in the last final second(s) to lose your trades. But even if you have a trustable broker, you have to win more than 80-90% of all your trades to earn money. Will not work  ;)

With a good strategy and good money management you can earn money in forex. For example: If you trade 2:1 (your take profit is 2 times of your stopp loss), you can still earn money even with a 30% winning rate.

Comparing Fiat Binary with Crypto Binary then i can say that Crypto would really be good yet movements are really high intense compared to fiat ones but still

Volatility price swings can give out higher risk yet it can dumped every second as you watches on where you do set your trading order.Binary options is just like gambling
if you dont know how to spot out on where would price possibly go.

It is not easy to trade binary options and it hard to keep winning.  I have been there before and it seems very difficult to makes money and not lose all your investments.  I could remember that I win ten trade in a day and think I have become expert but the following day I got all my capital wipe out and since then I do avoid binary options.

Both of this type of trading require a high level of skills which most of the traders don't have so I would advise you to avoid them. It takes years maybe even more before you can learn how this trading system works and even then you are not guaranteed to make a stable profit every month since we are talking about a high risk investment.

Binary trading is a trade that doesn't benefit me personally, so I'm not suggesting that you always follow binary trading just speculation without any analysis and I don't like it a bit because there is a little bit of interference from binary parties so it is better to trade Forex You personally, but indeed the risk is borne alone and as far as possible stay away from trading like binary.

Honestly you have be highly skillful in charting techniques to have an edge in both binary option and forex trading especially studying Japanese candlestick patterns and Price Action.
However I prefers forex trading to binary options because  the latter having reputable and trusted brokers and other favorable options and a vast resources for learning as to becoming a good trader unlike the former whose brokers have habit of manipulations especially when a trader is having numerous or streaks of winning trades and dealing with emotions and psychology in trading binary is another problem based on my personal experience.. 

If you do not understand the strategy for trading on forex or binary, no matter how much your money for trading will definitely run out instantly. My advice is you better trade in exchanges like bittrex or binance by using bitcoin or altcoin. It's safer, you won't lose a lot of your money even though the price drops.

I invested 5000$ in FxTrading for just 10 days and it still working well. I have 350$ for first week.

I am not really good in binary trading I lost a lot of times, and up until now hasn't find a good strategy to make money from binary option and forex tarding movement is too fast for me, I dont have the times to keep on watching the chart, the best trading for me is the stock market and crypto trading

That is an old age kind of trading. We can even call it gambling by now.
Guessing is not an answer for profit.
Go trade in new platforms by now. You do deep reseaech and you analyze the candlestick.

There is a larger possibility for you to make profits out of it than just guessing 0 or 1. ;D

Me, I started small but I still did profit although I didnt sleep well monitoring the price of one coin only.
I think you can do it too.

Binary trading is much more riskier compared on actual manual trading.Yet you do just need to predict on where would prices would go on the set specific time on said binary broker.
Unlike on trading where you would open and close orders with your own jurisdiction which means you can utilize your capital without being blown on a short span of time.
You can also trade with binaries but risk on losing is much more faster based on my own experience.

I don't like Binary trading, If you are very interested in trading so, you can trade in Forex if you compare only Forex trading and Binary trading. But if you can out of them then you could get into Crypto trading. Now it's your own decision to choose which is suitable for you.

I always see a lot of people fail in binary trading and with such a large number of people, it can be said clearly that this market is not a suitable place for us, even I always feel see there's a scam in it. Forex trading and crypto trading are still better but the most encouraging is crypto when this market is really potential and there are always many opportunities for us to take advantage and develop, many people are successful and rich from this field

I see Binary Option as playing the casino. It's pure gambling in disguise. The volatility can't even be compared to cryptocurrency, let alone Forex Trading. I know of a guy who excels in it in our local forex trading group. But he's just a few exceptional case among the thousands of losers. Well, for me, I go with Forex Trading. I can gauge the market through TA and FA from time to time and the loss isn't unbearable once there are bad trades. With Fx, all I have to do is choose a few pairs with minimal lot size to trade.

Both variants are bad - forex and binary. This is not better than casino, in casino you have at least 2-3% of his expectations. You better buy crypro, that is much better and more perspective

Both fired trading and binary trading is just a waste of money and effort. However, forex trading have make a lot of people loses money when they didn't have full knowledge about the present market. Also, binary is just working for someone to eat. Besides, all your money and effort, the bigger part of it goes to someone you don't known, both are just useless trade.

In my opinion, Forex is better than Binary options. With proper research, we can make money doing forex trading. I have been doing it for the last three years. I never tried Binary trading but, from my research, I have found out that it is not my cup of tea. It is better to try them with small funds, develop a strategy and see which one suits you better.

I believe we can do both as long as we are comfortable with it. I personally do everything in terms of trading from Forex to Crypto to Binary, and that’s because I feel comfortable with it.

But of course, we need to be very selective with the Broker we trade with. As it’s very important to have right Trading Company (https://cryptolinks.com/altcoin-exchange), as it can really benefit us and is the reason why I feel at ease with doing everything in terms of trading.