What is Binary Options?
First, let’s have a glimpse at how it all runs. Put simply, binary options are a derivative that can be exchanged on any instrument or market. They attract because they are straightforward. You know exactly how much you could get, or lose before you perform the trade. No complicated maths and calculator is needed. This is why it's also identified as ‘all or nothing’ trades.
If you expect news reports, periodical reviews, or global trends, then you may be able to make an absolute decision as to whether the value is going to rise or fall at a particular point in the future, becoming a profit.
There is a full host of derivatives to pick from. You can trade binary options on commodity values, such as aluminum and crude oil. You can go for a stock price, such as Amazon and Facebook. There are foreign exchange rate choices, including all the major and minor sets. Even cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are on the list.

A Brief History
If you want to begin trading binary options full-time, full knowledge of their roots will help. Binary or ‘digital’ options have been around for years. It was only a large institution and the fabulously rich that had access. Though, 2008 saw the US Securities and Exchange Commission reveal the floodgates by enabling binary options to be exchanged through a trade.
The whole world had been given access to these digital options through the internet and technology. As it stands, with low limits to entry for savvy day traders and an easy to learn preposition, the need for these digital trades will only develop.

Option Types
There are several options type to pick from. The most famous types are listed below.

• Up or Down (High/Low) – The easiest and common binary option. Will the cost be higher or lower than the current price when the expiry time comes?
• In or Out (Range or Boundary) – A ‘high’ and ‘low’ price will be fixed. You are then deciding as to whether the price will finish within or outside of these boundaries.
• Touch or No Touch – Levels will be placed that is either higher or lower than the current rate. You then enter a position as to whether the price will ‘touch’ these levels within the time of trade and expiry. Payout will come as promptly as the touch takes place.
• Ladder – These are related to up or down trades. But, rather than using the current price, the ladder will have pre-destined levels that are reeled up or down. These often charge a tangible price move. The flip side of these profits will usually exceed 100%. Although it is worth noticing, both sides of a trade are not always open.

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