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  • Trading binary options, cfds and cryptocurrencies

    What was the difference of trading binary options from trading CFDs and cryptocurrencies? Were the principles just the same or there are major differences?

  • #2
    The way you trade all of them actually have the very same manners, you look into the spreads, check their directions and so on. The only difference I can think of is the amount of profit and the amount of tax you need to pay when you trade.

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    • #3
      the only difference i see is that cryptocurrencies have mining system wherein increases and decreases the value of the coins

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      • #4
        Very popular assets lately, although they have their own drawbacks, afterall high volatility lets you not only make money, but is accompanied by high risks.

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        • #5
          A lot of traders now are really mad about cryptosurrency. I'm neutral to them, though. Yes, it,s a good tool with volatility which you can use for making big money, but it's not that easy to prognose it.

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          • #6
            Binary trading is different from the traditional trading as it has its own payout, risks, and fundamental. Binary market has different liquidity as well from the traditional market. So you have a learn about it as a seperate platform. What do you people think about it?

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            • #7
              Binary options trading is the expensive style of the trading as compared to retail trading as the spreads are quite higher in the this type of trading. But it has the option of the fast returns and quick profits if you have the sufficient knowledge about it. Am I right?

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              • #8
                Cryptocurrencies have atleast shown some progress towards the positivity and I think the buyers are ready to take them higher and higher on the crypto trading exchanges. What do you think about cryptocurrencies?

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                • #9
                  I am a huge follower and supporter of the cryptocurrencies as I think these digital assets are the best money solution and decentralized behavior of the momey market is necessary requirement as well. I believe in the bright future of the cryptos, what do you people believe?

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                  • #10
                    Jubiland, I am not sure what to think about cryptos. They are an interesting concept which cannot fit in contemporary monetary economy, but still they exist on the market and there is relatively high demand. On the other side, they are not real asset, and actually should not have any value at all

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                    • #11
                      Basesoltom was first correct there, usually it's something where ... hmm...not sure, for me stocks/shares is very profitable anyway. What do you say ? I don't get that at all. Peoplewho make fortune made them on stocks by investing. Not by this.

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                      • #12
                        I find that trading bi BO is the most hardest way of trading. It really is different from trading any other financial asset. As you need to have really a lot of experience in order to win on BO market, it is not recommended for new traders. I find also that trading on crypto is same as trading forex

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                        • #13
                          I find that every market has its own particularities. What is essential with each one of them is that traders should not place deals without prior good preparation and learning. This is only way in which they will be able to make profits and keep their capital safe

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