Have you come across binary options on the internet yet? It’s
likely that you have at some point. The reason that Binary options are such a
popular online trading type is that they are extremely simple to understand. A
person with no prior knowledge can literally sign up for a new broker account
and begin trading within a matter of a few minutes.
Here’s how it works. In short, a binary trade is where you have
to decide if the price of an asset like Google stock or Gold will go up or down
by the expiry time. Expiry times can range from just 30seconds right up to a
year. If you think the price of the asset will go up by the expiry you will
simply press UP or PUT on your trading platform, if you think the price will go
down though, you’ll press DOWN or CALL. Simple so far? In honesty it doesn’t
get much more complicated than that.
There are alternative options contracts though like:
One
Touch/ No Touch
Where you select if the asset price will touch a certain strike
price by expiry or not.
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