And trust me… it's different #XAUUSD on Forex to the point where I just want to smash the chart. 😭🔥
1️⃣ Product type – and a slight trick
• Binance plays with perpetual contracts, calculating interest in USDT.
• Forex has traditional CFDs.
Sounds simple, right?
But the differences are enough for me to mistakenly place a lot once… and watch my account evaporate.
2️⃣ Prices – the thing that angers me the most
• Binance has its own prices → differing by a few dollars like a joke.
• Forex closely follows the global gold.
I look at the Forex chart and see gold standing still… turning to Binance, XAUUSDT jumps as if under pressure.
The feeling of being 'out of the universe' is painful… 😭
3️⃣ Leverage & fees – seems cheap but not necessarily
• Binance has no overnight fees → seems good?
• Forex has high swap.
But the problem is: if gold runs slightly out of rhythm, my stop-loss is wiped clean.
No overnight fees… but loses many other things. 😭🔥
4️⃣ Transparency – this sounds both fun and painful
• Binance has a more stable spread.
• Forex spread widens like rubber when there is news.
But the harsh truth is:
Wherever I am, I still get my SL swept the same.
Whether it widens or not, it can't save a trader's fate. 😂😭
5️⃣ For whom? – Not for me anymore
• Binance: suitable for fast traders.
• Forex: suitable for those who need precise prices to the millimeter.
And me?
I only fit with… watching gold run to ease the heartache.
