I never trade in binary, i’m usual trade in forex and its interesting. I like it so much…
BUt, in binary, i do not know about this.
we can only do two things, Buy or sell. but is binary market movement same with forex and influenced by market sentiment??
Please share here.
The price movement is the same you see on the MT4, although brokers have different quotes, differing sometimes for over 30 pips. Keep an eye on that since you could be doing your analysis with one tool, enter a trade in the broker’s platform and have a completely different strike.
BTW, careful with wich broker you start trading with! There are way too many vampires out there.
Hope this helps!
Planning to trade binary options is good decision as it is pretty easier than forex and the payouts seems to be higher than that of forex trading. All the price movement is similar to forex however the contract of trade expires at the time specified by trader. Babypips school has a binary option trading section with almost everything clearly explained in it.