Option Robot vs Forex Robot
If you are interested in robot trading there are now two instruments you can choose from:
- Binary Option via OptionRobot.com
- CFD (Contract For Difference) via ForexRobot.com
You can essentially use the same trading indicators to produce the same signals but use one or both instruments to place a trade on an underlying asset like a forex pair.
Similarities
- Can trade forex pairs
- Can use indicators to form trading signals
Differences
Binary Options
- You trade on the difference in price at pre-chosen expiry time
- Faster trading
CFD
- You trade on the difference in price at the time the contract was open and closed
- You can trade with leverage allowing you to trade with more money than you have
- You can also set a stop loss
- You can also trade cryptocurrencies
- No fixed expiry times
- Weekend trading with crypto currencies
