Difference Between Binary Options and Forex Trading

So far ForexDana is the official application with international regulations and can operate in Indonesia. Our application is different from what is being discussed and blocked because our application is officially under the auspices of international financial bodies and is not a gambling application and our application is not a binary option system, but a real time trading application according to international market prices as well.

The following explains the difference between Binary Options and Forex Trading, namely:
1. Instruments traded.
In forex, the instrument traded is the value of the currency in one country against the value of the currency in another country. Whereas, in Binary Options, do not actually trade currencies like forex. Instead, it only takes a prediction of the value of the currency, namely whether it will go up or down.
2. Trading Methods.
Forex trading has a leverage system, which means the trader's margin comparison with the amount of loan funds from the broker to increase returns. The importance of understanding a good leverage system is used to achieve money management and make a trading plan consistently. So, when you invest, you can understand the risks involved. While in binary options, traders only need to predict the direction of the market will be high or low within a period of 3 or 15 minutes without the need to consider leverage, spread, or margin.
3. Trade duration.
In forex trading there is no set time period, you can buy or sell currencies at any time according to the analysis and knowledge that has been studied. Meanwhile in binary options, there is a limit on the duration of the trading time according to what has been determined by the trader. This time limit is usually around 3 to 15 minutes. The time will run after placing the price range predicted by traders.