Binary options and day trading are both ways to make or lose money in the financial markets but they are different animals a binary option is a type of options in which your profit loss depends. With scams out there its important you check your broker is properly regulated by the relevant financial body eg fca cysec cftc trading with 247 binary options iq option and binarycom are all safe bets platform binary options platforms are your gateway to the market and where youll spend many hours a day there are now many online trading platforms so make sure its easy to use and offers all the charts patterns and tools you need to make smart and accurate trade . Day trading vs binary options some people view day trading as cfd or spread betting binary options however suit intraday trades just as well if not better here is a breakdown of how binaries differ from more traditional trading tools risk management binaries offer fixed risk other tools require the trader to make assumptions about the amount of volatility they face and judge risk accordingly while possible the fixed risk of a binary makes risk management easier. Trading in currency options is also used in the segment of the binary options mainly by already very experienced traders since the foreign exchange market is a relatively volatile market where there can be relatively large price fluctuations in a short period of time trading binary options are particularly risky for beginners in addition quite extensive research is important as well as the use of strategies if you want to trade binary forex options successfully