What is Binary Options Trading?

 A binary option is a form of short-term trading strategy of day-traders on trading platforms like IQ Option, Olymp Trade, Pocket Option, or Binomo. The trades are executed by either selecting a 'Call' or 'Put' Option from a strike price.

'Call' or 'Buy' is an option selected when the trader analyses the price of a stock/ forex that will be above the strike price for a short time. Expiry of trade could be for a minute or even a day. 

'Put' or 'Sell' is an option selected when the trader analyses the price of a stock/ forex that will be below the strike price for a short time. Expiry of trade could be for a minute or even a day. 

Profit and Loss criteria

The profit rate on winning trade in binary options is also fixed (for example 60%, 70%, 99%, etc..) and differs with different binary options brokers.

The catch is, if you lose the trade you lose the entire money invested in that particular time on the option. That's why you should never invest the money that you cannot afford to lose in binary options.

To learn with videos on how to trade binary options like a professional, check the Price Action Trading for Binary Options YouTube channel. 

What are binary options and how to trade?

Related article: What is price action, how to understand it?

Check out my official website for more details on binary trading.


Location: Dubai - United Arab Emirates

Comments

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