The major reason behind the popularity of binary options trading is that here traders have lower risk than Forex trading. Many traders admit that they prefer binary options trading over Forex trading as according to them they do not risk their investment a lot which they do when they are doing Forex trading.
Similarly, traders are also not losing the entire investment when the trade is not as per the prediction for here they get to bid for both sides losses and profits i.e. any movement in the trade will generate them profits and it depends on their bids how much they put for profits and how for losses.
Thus, traders get assured returns whether they are losing or gaining in their bids and that is what the main attraction for traders when they are doing binary options trading. Traders admit that the minimum involvement of risk in binary options trading has helped them save money and gain profits even when the chips are down.
For instance, in binary options trading traders have the complete knowledge of the amount of profit in case of successful trade; this reduces the risks when a trade is done. This can be highly preferred an option for traders who are new to trading and do not wish to risk their investments while they don’t know much about actual trade.
Nonetheless, binary options traders know how much they would lose even if the trade predictions go wrong, in such a situation they can plan their trade in advance. A sort of assurance works wonderful for some traders as they are less vulnerable to unpredicted huge losses. For them known devil is better than an unknown god.
There cannot be anything better than knowing the losses and profits in advance when you are trading. However, some traders do not prefer this; first, they do not wish to lose the fascination of unpredictability which is part of Forex trading, second, there is limited potential when someone is trading binary options when it comes to profits i.e. you cannot earn as the broker earns from your trade.
Similarly, traders are also not losing the entire investment when the trade is not as per the prediction for here they get to bid for both sides losses and profits i.e. any movement in the trade will generate them profits and it depends on their bids how much they put for profits and how for losses.
Thus, traders get assured returns whether they are losing or gaining in their bids and that is what the main attraction for traders when they are doing binary options trading. Traders admit that the minimum involvement of risk in binary options trading has helped them save money and gain profits even when the chips are down.
For instance, in binary options trading traders have the complete knowledge of the amount of profit in case of successful trade; this reduces the risks when a trade is done. This can be highly preferred an option for traders who are new to trading and do not wish to risk their investments while they don’t know much about actual trade.
Nonetheless, binary options traders know how much they would lose even if the trade predictions go wrong, in such a situation they can plan their trade in advance. A sort of assurance works wonderful for some traders as they are less vulnerable to unpredicted huge losses. For them known devil is better than an unknown god.
There cannot be anything better than knowing the losses and profits in advance when you are trading. However, some traders do not prefer this; first, they do not wish to lose the fascination of unpredictability which is part of Forex trading, second, there is limited potential when someone is trading binary options when it comes to profits i.e. you cannot earn as the broker earns from your trade.
