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If I am right you are talking about Binary options trading. I am no interest in Binary Optiobns because it is more risky than Forex and I trade Forex because it is a great way of making money online.
Forex still can cause a lot of losses though. I do think it's a lot better, as an instrument, than binary options, but one should be realistic when approaching it.
With the uncertainty of economic crisis all over the world caused by the pandemia it is harder than never to trade in the forex market and caution must be always exerted.