Forex/Binary Trading

Turning #1000 into #10000 in the blink of an eye was or is the dream of so many people are there.
Trading on forex or binary is one of the easiest and fastest way to achieve such dream and also a bad option for those who know much about it and how it works so before one can puts he's or her money in any platforms for forex or binary trading there some certain things and basic things one needs to learn to avoid loss of funds to the trading platform.

How it works, best explanation for how it work is for instance you get one usd($1) at the rate of two hundred Ngn(#200) today and you hold on to it for a period of time and at the time you have the $1(one dollar) the selling prize went up to be selling rate of #450 that means if you sell your one dollar at that particular time you make project of #250 but assuming dollar went down to the rate of #100 that means you loss #100, for one to determine or know the increase and decrease rate of two particular anrrange the needs to follow the market news on such anrrange or other market commdation such as gold, silver, bitcoin (being useful and valuable ) wool, rice etc anything bought and sold are examples of what you can trade on. On the forex and binary trade platform.

Also knowing how to use some tools on the platform help in knowing when to execute a particular trade to make profit. Also having a good strategy is required. Not forgetting to set a particular Conventioness. Also trading when the market is stable and good.
The forex trade operations 24hours fire day in a week all trades close by 23:59pm on Friday and open 00:00am on Monday.

      IQ OPTION (BINARY) 

iq option is a binary trade platform that is use for instance , choose the Euro to rize against dollar in 1or2or3or4or5 minute putting a particular amount of money at the end of the minute sent if there is increase I will be given a project on the money placed. The money earned depends on the percentage (1%) on the commodity traded on it I put 10usd and the percentage is 90percentage and I win the trade that give me 9usd profit making it 19usd in total and If Euro doesn't ride within the money set then money placed will be lost .

Difference between forex and binary
Trades on forex can be chased by oneself at any time ones you notice your trade has yield an interest you can close the trade and make profit this doesn't work on percentage of the commodity trade unlike binary eg you bought pounds at the rate of 100USD and not increase to 500USD within some time long periods of timed you have the chance to close the trade and make profit.

Trade on binary can be close only when it gets to the specific time go set if it yield interest at a particular time and you went to close it to make profit it is not possible until it reaches the specific time you set.
Trading on both platform is good but forex is what recommend to be on the safer side but if you know how to use the tools well I also recommend binary trading which is IQ OPTION.