Which is easier? Forex or Binary Options?

Is Binary Option easier than Forex?

When one is not familiar with the financial markets, it is legitimate to ask whether the binary option is easier than forex or not. From a purely theoretical point of view, yes the binary option is easier to understand. Indeed, the description of this financial instrument  is very clear and the potential gains are fixed from the start. For forex, gains are not set at the beginning, and there is no date. In short, there is much to appreciate the binary option for the fact that it is much easier to deal with (the 4 parameters are set in advance: management, amount, maturity and potential gain), while the forex remains unclear.

Binary Option is easier than forex

The definition of the binary option is easy to understand

For those who want to get into the financial markets, the binary option is ideal because it is simple to understand. No need to have trading concepts, the product is easy to handle. However, we must not overlook the risks around it. If the investor has the wrong direction, it loses all of his stake. However, again, it is less risky than the forex that can potentially lose more than what you invested.
In all cases, the comparison between forex and binary option  goes in the direction of the former. This is also why it is gaining much popularity in recent times, while the foreign exchange market loses in number of active traders. It is also one of the reasons why forex brokers gently to launch the binary option, particularly on the rise. However, the pure players have gone already so far ahead so it will be difficult for foreign exchange brokers to corner the market.