Forex vs Binary

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If you have read something about both markets, then you probably already know which one is riskier. If you don’t know this yet, then let me tell you that the Forex market is much riskier and it is more likely to lose your money there. On the other hand, the binary options market is simpler and more suitable for novice traders.

One of the main reasons for the risk that comes with the Forex market is that most trades are leverage. This means that your profits are multiplied, but your losses are multiplied as well. Higher losses are disastrous for novice trader, and it is strongly recommended to avoid the Forex market if you don’t have at least some experience in trading. Meanwhile, binary options brokers offer better leverage conditions, and some of them also offer refunds which you can use to restore a fraction of your initial investment in case your trade is unsuccessful.

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