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  1. #1
    kausad is offline Junior Member
    Join Date
    Aug 2017

    Default Forex binary trading: a scheme or a strategy?

    We know that there are many strategies in Forex. People are so obsessed with trading that they will trade the market for any type of strategy they can get. Forex has many popular strategies among the traders but people are always looking for the ultimate Holy Grail. We have to tell you that there is no Holy Grail in Forex. There is no strategy that can be used in markets and be successful every time. You will have to make your money with your hard work and your own practice and no strategy will help you in that. Many people tried for this Holy Grail and they understand at last there was no ultimate strategy in Forex. Forex binary strategy is one of the strategies that are very popular in Forex. You will find that many people trade with these strategies but also there are [people who think this strategy is a scheme. This article will try to know this and you should read this article if you have the plan of trading with binary strategy. You may know things that you did not know and you can also trade with many other strategies.

    The investment world is extremely risky. If you are not certain about the different terms of the investment industry you are not going to make any real progress. You need to learn the perfect art of trading to become successful in the trading industry. If you look at the top class trader at Saxo you will be surprised to see how well they trade this market. Some retail traders often say that trading profession is nothing but a waste of money. But itís only for those who donít know how to place quality trades in favor of the long-term market trend. Most importantly you will have to understand the nature of this market to become a pro trader.

    If you are not sure about your trading system, you need to start trading with the demo trading account. Demo trading account is one of the best ways to develop a professional trading strategy. If you can demo trade the market for at least six-month chances are very high you will become a profitable trader. But make sure that you have complete control over your emotion. You need to use your rational logic to place quality trades in favor of the long-term market trend.

    Binary strategy and is risks
    First, you have to know what the binary trading strategy is. You cannot trade the market with this strategy without knowing what this strategy is. The computer only understands 0 and 1 and this is how the programs of computers are coded. In binary trading strategy, you will have also the two choices of making the profit or having the loss. You will have no other choices and this is why this strategy has got the name of binary strategy. People do not like this strategy as this strategy is not like a Forex trading strategy. There is a risk in this strategy and many people think of this strategy as Ponzi scheme. When you trade in binary, you will have only choices of trading the market with limited strategies. You cannot set your own strategy and you will have no freedom over your trades. This binary trading strategy is so risky that many Forex authorities of many countries do not allow this strategy to be offered by the brokers. If they are even offered, they are under the monitoring of the Forex authorities.

    It is more of a scheme
    This binary trading strategy is more of a scheme. We know about many Forex schemes and many of them took money from the traders for years. This binary trading strategy is no good and you should not trade with it. Forex authorities monitor this binary trading strategy and you should not trade with the strategy that is under monitoring. Trade with other strategies in Forex.

  2. #2
    Stive Welson is offline Senior Member
    Join Date
    Jun 2018


    Foreign exchange market or forex is providing diverse investment opportunities to the traders around the world today. It is not hat trading facilities are confined within real currency trading only. Rather a trader can trade binary options and crypto currencies. But a forex trader needs to think of trading with any security after understanding the nature of that security. Only A sufficient knowledge can help him to attain profitable voyage.

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