I will be fully expanding this post very soon but for now you can check out my latest video which talks through all the main differences
Slide I used in the video
- Expiry Time – No set expiry in Forex
- Spread – No Spread in Binary
- Payout – Binary is Fixed, Forex depends on the pips you earn
- Risk – Forex carries bigger risk but also can be bigger rewards
Brokers of Choice:
If your looking for a broker then check out my trusted list of Brokers here.
Hopefully you found this useful and if you did please feel free to share and also let me know what you would like to see in my upcoming MT4 and Forex video series
hi paul, just watched your video, thought it was brilliant, one question i have got is if you place a trade on the forex platform say a buy trade can you also buy a sell trade & then it does not matter wich way it goes is that possible.
Then you don’t make any money and you will also lose a small bit due to the spread on each trade. Some people hedge a position if they are losing and in that case it is essentially taking a trade in the opposite direction to your first trade. not a strategy I ever recommend
how can i get advanced lessons on forex? paul can u help me out
Currently there isn’t much that I trust. CPS gives some decent training and you can actually get it for a $1 trial to see what you think – http://joincps.com/1dollar/