Forex Trading or Binary Option?

[Baofeng]

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 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.

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[UmerIdrees]

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?

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.

[joseph32]

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.

[Quidat]

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.

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.

[omonuyak]

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?

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.

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.

[MakeMoneyBtc]

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.

[rizkyhiw]

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.

[gabbie2010]

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.

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.. 

[dmty.0809]

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.

[nano2019]

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?

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

[Indrawan77]

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

[Reid]

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?

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.

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.

[milewilda]

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 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.

[kakonhat]

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?

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.

[kennen1113]

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

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

[Mpamaegbu]

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.

[Bitum]

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?

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

[darasinmi4show]

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.

[kurian]

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.

[Mehr Sher]

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, as it can really benefit us and is the reason why I feel at ease with doing everything in terms of trading.