Binary Options VS Forex!

Beginner Questions
1

Hi Sir/Madam,

This is Suraj from India.

Question 1) Which among the two do you advice for newbie? Binary Options or Forex ?

Question 2) Can the strategies like price action, supply and demand, structure testing the structure etc
be applied to Binary Options trading as well ?

Question 3) Forex trading of few pairs is illegal in India because in forex a trader buys other currency n
since most traders lose money it creates currency deficit of the indian rupee (INR) . But still i
see few Indians doing forex. Your thoughts in this ?

2

Question 1) forex

Question 2) dont know, binary options are banned in Europe

Question 3) as far as I know you can trade pairs with INR in it. If it’s illegal to trade other pairs then it’s illegal. Clarify from the regulators what you can and cant do.

3

Welcooome Suraj! :blush: Just remembered this lesson and figured it might be helpful for you. :smiley: