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I am new in trading and i want to ask if someone can tell me what Binary Options are exactly?

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asked Apr 13 in Binary Options by Mike (1,490 points)

1 Answer

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answered Apr 13 by Connor1 (3,860 points)

Binary options are limited-risk contracts based on a simple yes/no question about the market's price action, like this: 

"Will this market be above this price at 3pm today?"

If you say yes, you buy the binary. If you think no, you sell. If at 3pm, you’re right, you get the full $100. If not, you get zero. Binary trading is a simple, but powerful way to trade the most active stock indexes, forex, commodities & other markets, with limited risk, guaranteed.