How are you all? I hope you are all doing well, Today I will talk about a very important topic, Today I will talk about what is binary trading vs spot trading? Today I will try to find out how it works, Binary trading is a very popular trading sector at present, We often hear that people have become millionaires by trading in binary, and many have lost their funds and disappeared, Let's find out how binary trading works,

Binary Trading

In binary, entries are made based on the prices of currencies and crypto currencies of different countries in the world, as well as gold and silver,
This type of trading can basically be said to be a bit like futures trading,
Usually you have to guess. If you want to take an entry on a country's currency, you have to guess whether its price will increase or decrease in the next few minutes. If your guess is right, you will get profit from this, and if it is wrong, your entire fund will become zero.

Image collect Pixabay

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Here you can set the leverage and set the Entry Time for how long.
If you give 100X 200X Leverage, then if you pump 1%, you will get a huge amount of profit, but if -1%, then the entire fund is zero!
Usually, if you suffer a loss here, you will not be able to recover the loss even if you want to,
So I think it is better to stay away from binary trading,

Spot Trading

Spot trading means a standard crypto currency trading method,
Here you buy crypto coins or tokens and you become the owner directly,
Suppose you buy a coin here, then it goes down a lot, if you want, you can wait for some time or a few days, then you can recover the loss,
And this is an advantage of spot trading,
Here, if you pump a large amount of a coin, you can sell it and if you ever want that coin to go down, you can buy more coins with that amount, even when you pump a few, then you will make a huge profit,

Image collect Pixabay

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However, usually in the case of spot trading, you often have to fall victim to scams,
So usually you have to choose and take entries in quality coins,

So I hope everyone understands, so I am ending here today, everyone will be fine, Allah Hafez