What is Binary Option Explained
Binary options are a type of financial derivative that is used to place a bet on the possible outcomes of an underlying asset. This can be seen as betting purely on yes/no, double yes/no, or in some circumstances, betting on when the asset will finish higher or lower than a certain price. The main advantage to binary option trading is the simplicity of the investor owing it - you are only required to predict the correct answer and invest accordingly. What is Binary Option? Binary options are a type of financial derivative that allows investors to bet on whether an asset will go up or down in value. If the investor is correct, they will earn a profit; if they are wrong, they will lose their investment . Binary options are typically traded over the internet, and many brokers offer mobile trading platforms so that investors can trade on the go. They can be used to speculate on the price of stocks, commodities, currencies, and more. Investors who are new to binary options may find them con