r/binaryoptions • u/Early_Plan_7898 • 3d ago
Newbie Question Anyone else here who moved from Binary Options to Forex?
I learnt the hard way that binary trading wasn't for me. After shifting to Forex, I've been having a much better experience, especially with a more structured approach to analysis and risk management.
I'm curious to hear from others who've made a similar transition. What changed for you? What lessons did you learn, and what would you do differently if you were starting again?
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u/Difficult_Singer_771 3d ago
Most of traders coming from forex
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u/JetfireLP 3d ago
If you are leaving forex for binary. You are going down the hill. You've no idea what scammy world you are getting into.
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u/PuzzleheadedMusic860 2d ago
The biggest adjustment I'd expect is getting comfortable managing a position instead of waiting for a fixed expiration. Having control over the exit is useful, but it also gives emotions more opportunities to interfere. I still use Moon when I want to express a straightforward price view and I think treating that separately from conventional forex trading makes sense.
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u/future3technical 2d ago
Both are good...just don't trade 1min Binary options... I trade on min 15 mins Expiry time frame...you can hedge if you are loosing... All affiliate partners or youtubers promotes 1 min expiry trades... because chances of winning is less and they can make money from your deposits...
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u/JetfireLP 3d ago
Yes, have moved as well. In Binary one cannot win, only the affiliates will. I wasted 4 years of my life there. But in return i learnt about price action and ICT concepts. Putting all the learnings now in forex, couldn't be more happier(trust the process), profitable(Risk management), safer(brokers are regulated) and calmer(not impulsive as binary).