Understanding binary trading strategies and tactics ebook
Hence forex trading requires users to speculate whether value of one currency will decrease or increase compared to some other currency in order to make profit. Once the Euro price increases as per your expectation, you will again sell it back to purchase more dollars. In binary options, users have to speculate the price movement of the underlying asset. Unlike Forex market where the asset is always currency pair, binary options allows users to trade with any underlying asset such as commodities like gold or silver, stocks and equities, currency pairs, market indices etc.