What is a Binary Option?
A binary option is a fast and extremely simple financial product that allows investors to bet that the value of the property will increase in the future, for example Google’s stock price, USD / GBP exchange rate, or value gold.
The time duration is 60 seconds, which is possible to trade hundreds of times per day.
Before placing a business, you know that if your prediction is correct, then
generally 70-95% – if you bet on $ 100 then you will get $ 170- $ 195 on a successful business.
It makes risk management and business decisions more simpler.
The result is always a yes or no answer – you can either win it or you lose it – so this is a “binary” option.
To get started trading you first need a broker account.
Pick one from the recommended brokers list, where only brokers that have shown themselves to be
trustworthy are included. The top broker has been selected as the best choice for most traders.
If you are completely new to binary options you can open a “demo account” with most brokers, to
try out their platform and see what it’s like to trade before you deposit real money.