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Forum Spot Forex vs. Binary Options – Is it worth the switch? Reply To: Spot Forex vs. Binary Options – Is it worth the switch?

Jerrie Carn

LEVEL 2 : NOVICE

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#1731

JerrieCarn

August 31, 2015 at 3:31 pm

Very good point you make about the risk to reward ratio. the only problem I have with this is that if your stoploss is 20 pips and your risk to reward is 1 to 2. this means that you risk 20 pips to make 40 pips. So you need the market to move 40 pips in your favour for your target to be reached. This can sometimes be a waiting game and it can have a huge effect on your psychology.

Binary options is much easier to reach your profit at expiry time, without needing to worry when to exit your trade and all that. The market only needs to move a few pipettes to be in the money. This is the way I see it.