Binary options and
forex trading are two types of investment that are currently on the rise. Do you know why these two types of digital investment are popular with many people? For that, see our discussion below about this.
Investment itself is one of the ways that many people live in order to achieve financial freedom in old age. Besides that, investments are also usually used as emergency funds, marriage savings, savings to buy a car, and many others.
We are sure that you also often hear about new investments that can generate lots of profit, right? This will also be the topic of our discussion this time, namely regarding binary options and forex trading.
The difference between Binary Options And Forex Trading
Before entering into a discussion about what type of investment is most suitable for you, you should first know the meaning of forex and binary options. That way you can understand our explanation better.
The two types of investment that we will explain in this discussion have their own characteristics that make investors or traders like and dislike them. What are you curious about? Check out the complete information below on the discussion of binary options and forex trading.
1. Type of instrument used
These two types of investment are different starting from the instruments used. Even though you both use currency, in binary options you can only guess whether the money market movement will go up or down at any given time.
Whereas in forex, you use real currency that is used to make transactions. The profit you get comes from the difference in selling foreign exchange that you have previously determined.
2. Use of brokers
Another difference that you can find is that in forex trading, you use the services of the best forex broker, which will help you make transactions, both buying and selling foreign exchange.
But binary options do not require a broker or intermediary. Therefore, make sure to determine a quality and trusted forex broker before you do forex trading.
3. Security
Forex trading is a form of investment that is legal and recognized by law in Indonesia. Meanwhile, Binary Options do not fully have legal protection because they do not officially exist in Indonesia.
So if you choose binary options in the discussion of
binary options and forex trading, you should be more careful because there is no legal umbrella that will protect you.
Binary Options And Forex Trading, Which One You Should Choose?
The explanation above may more or less give you an idea of what type of investment is most suitable for you. If you feel that this discussion is still lacking in detail, then you can listen to the following discussion below.
Forex trading is an investment that promises large amounts of profit. So it's no wonder that forex attracts the interest of many novice and experienced traders to try their luck in the money market.
If you look at the discussion of binary options and forex trading above, it is very clear that forex trading is more suitable for you, especially from a security point of view. Because it has been legally recognized by the government, of course, this investment is safe for you to live.
Not only that, all brokers operating in Indonesia are also required to have a license issued directly by (Bappebti) which is an institution tasked with supervising various types of investments such as forex.
In forex trading you will also be assisted by brokers such as for example didimax forex broker who are ready to give you direction, mentoring, and also counseling on various problems that you experience in forex trading.
Didimax has proven its quality by being the best broker for more than a dozen years. They have helped lots of beginner and professional traders in making their trading career successful, such as in the discussion of binary options and forex trading.