A binary option is a financial exotic option in which the payoff is either some fixed monetary. Brokers sell binary options at a fixed price (e. g. , $100) and offer some fixed percentage return in case of in-the-money settlement. Some brokers, also.
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Binary options" are based on a simple 'yes' or 'no' proposition: Will an underlying asset be above a certain price at a certain time? " Traders place wagers as to whether that will or will not happen.
If a customer believes the price of an underlying asset will be above a certain price at a set time, the trader buys the binary option. What binary options are, how they work and where you can legally trade them in the United States.
I've looked into online binary options trading a bit and it seems to me that the consensus is that very few people outside of professional traders can. Sites like this one can help to inform you better of everything related to Binary Options and also have reviews for a lot of brokers out there that are updated daily.