Epix Trader Binary vs Epix Trader Forex which is the better option? This article will go through the Pros and Cons of using the Epix Trading software on both binary options as well as on Forex. Epix Trader App is a new and versatile software which can be either downloaded and applied on the MT4 platform as an Expert Advisor or else used as a trading platform in Binary Options.
Epix Trader Binary vs Epix Trader Forex – Trading Options
The advantages of using the versatile Epix Trader software are numerous. The software has been designed to be used in two manners:
- As a signal software and semi-automated trading system on binary options
- As an EA (Expert Advisor) plug-in on MetaTrader 4 – which then acts as a fully automated robot trader.
If this is your first encounter with the Epix Trader Software you should read our Epix Trader Review
Whilst downloading the Epix Trader Binary vs Epix Trader Forex is much easier to start off with – especially for new traders – the advantages of using Epix Trader on the MT4 cannot be overlooked.
If you are new to trading and do not know what the difference between trading binary and trading forex are, then I recommend that you go through our article
Binary Options vs Forex – Investing and Earning Online.
Trading Binary Options Vs Forex Explained
However, in a nutshell, here is a quick overview of the difference between trading binary and trading forex.
Trading Binary Options:
Binary options are trades which you take based on the open market against a broker. The trades are based on deciding whether a currency pair or stock will go up or down in a specified time frame. Once the trade reaches expiry the trader will either win up to 85% of his trade or lose everything. This kind of trading is in-house. Meaning that the trades are contained within the binary broker’s trading house and are not trades taken on the open market.
When you are trading binary you are betting against the broker. The broker will need to match winning and losing trades from all their client traders. If for any reason there is a great shortfall between winners over losers, the Broker will need to pay the difference to the winners out of his own pockets. Naturally, this is the reason why we always recommend that you trade with a Recommended Broker!
Forex (Also commonly known as Foreign Exchange or FX) is the decentralized market for trading currencies. When trading Forex, you are trading against the open market on a broker’s platform. Essentially, the broker is “lending you” his platform and his trust level should also be high and ideally regulated by CySec!
In order to be able to trade Forex you first need to install the MetaTrader platform on your terminal. If you do not have a MetaTrader4 platform, here is an article that can guide you through the steps of installation: Meta Trader 4 Beginners – Introduction to the Platform
You can download the MT4 platform through any of the Forex Brokers sites and furthermore they will offer you a free demo account. Always do your due diligence about a broker before signing up for a live trading account.
When trading forex you also decide on the direction where the market will be going. The only difference between binary and forex is that you are not restricted by the expiry time of your trade. However, you will need to limit your exposure by taking stop losses, as the losses can accumulate fast if the trade goes against the direction that you thought it would!
Let us now look at the technical aspects of Epix Trader Binary vs Epix Trader Forex. The Epix Trader has been designed to crawl the open market and find trades based on scalping. If you are not sure what scalping is – you may want to read this article:
Therefore the Epix Trading Software looks for trends – it finds a trend as it forms and exits the trade as it ends.
Example of trading opportunities with Scalping Trading Strategy
Epix Trader Binary:
The Epix Trader Binary is a software that is a signal software. It is web-based and therefore does not need to be downloaded from the broker. In order to start trading with Epix Trader, all you need to do is to sign-up for your free version HERE.
Once you are assigned a broker that is available in your area and you fund your account, the software is automatically accessed via this link www.epix-trader.biz and all you need to do is enter your login details. You are then immediately set to start trading.
Epix Trader Forex:
The Epix Trader Forex is an Expert Advisor (EA) – It is a plug-in that needs to be downloaded on your MT4 platform. If you do not know how to download an EA and apply it to your charts – you can follow the instructions from this post and videos
Here is how you can trade with Epix Trader Forex on your MT4 platform. You will first need to access the software from HERE – This is where you will be directed to a Forex Broker that is available in your geographical area. Once you fund your account, the Broker will prompt you to download the MetaTrader4 platform and give you the Epix Trader Forex plug-in.
The plug-in will then have to be loaded on the MT4 platform and applied to at least 6 or 8 different charts. This is not a complicated download. If you have any problems with the download (you may only experience problems if you are using a Mac – because MetaTrader 4 is Windows based) you can contact us at support(@)binaryoptionsheriff.com.
Epix Trader Binary vs Epix Trader Forex – Pros and Cons
Epix Trader Binary Pros
- Easy to Download
- User-Friendly Interface
- Semi-Automated software, therefore, you have control of your trading capital
- High ITM rate of success (up to 83%)
- No experience required to trade immediately
Epix Trader Binary Cons
- You will need to manually hit the execute button on the trades. Therefore it requires you to physically spend time in front of your computer to receive signals and trade.
- You cannot anticipate the expiry of your trades
- You need to have Internet connectivity
Watch this video and check out our first trading performance with Epix Trader Binary
Epix Trader Forex Pros
- Once loaded on the MT4 and on your charts, the Epix Trader Forex is a fully-automated EA or trader. It means that once installed it can be forgotten. The trades are executed automatically on your behalf.
- Ideal for busy people who want to see profits without staying in front of a computer
- You still have control over your account, because the software can be deactivated anytime. Simply restrict the Auto Trading button.
- Over an acceptable period of time, the software can give you an increase in your capital that has topped 1600%
Epix Trader Cons
- If you are completely new to trading or very technologically challenged you may have some difficulty installing the software on MT4 platform. This can be solved by asking someone technologically apt to follow instructions only.
- The software will probably not work on Mac based terminals.
- You need to have Internet access.
Epix Trader Binary vs Epix Trader Forex – Conclusion
The manner in which a trader prefers to trade is a very personal one. Therefore, the conclusion of what is the best trading method in Epix Trader Binary vs Epix Trader Forex will ultimately stay with the trader. On a personal level, I prefer trading Forex. This is because I have control over my account. But I also know that my trading account can turn into a healthy balance! Without needing to be active in front of my computer.
The Epix Trader is by far the most innovative software for 2017. It is being touted as the best software of its genre. This is the first time that we have come across a software system that works profitably both on binary options and also on Forex.
New to Trading? Learn How to Trade by Following Our Step by Step Guide on “The Secret Trader”
There is no magical solution to trading except in learning how to trade! Education will always be the number one solution to all your trading questions. In “The Secret Trader” we are giving you a step by step guide on what trading is, how to trade, the tools needed for trading, and the best trading strategies. If you are a beginner then you can expect to become a professional trader simply by following the articles and trading videos and putting your knowledge into practice.