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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 ... FOREX Binary options are options that allow you to speculate on the direction of currency pairs, and offer a substantial payout if you are just correct about the direction by 1 pip. When trading binary options you will receive your payout regardless of whether the price of the EUR/USD is 1 pip in the money or 100 pips in the money. GoldCryptoForex Forex Broker grants that wish with a 100% bonus on deposits that helps the user start Forex trading on higher margins, increasing their account balance. Situations, when account balance is prone to becoming negative, might take place when sudden market movements drastically affect the value of assets. Binary.com clients can trade forex from Sunday 21:00 GMT to Friday 21:00 GMT. How to trade forex. A forex trader always has one objective in mind when trading: to exchange one currency for another in order to make a profit. This is why we've come up with the following three-step tutorial to help you bridge that gap and make your first trade: To make money in binary options in the long run, you must win the majority of the bets. Since forex trading allows users to set their own profit targets vs. stop loss orders, traders can still make a profit even if they do not win the majority of their trades. There are of course some similarities between binary trading and forex trading.
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