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You either win or lose. There is no middle ground. Binary means 1 or 2. One or the other. What this means for the trader is that instead of the option payout fluctuating with the asset price, the payout is a set sum that is.
A variety of assets can be traded as binary options including indices, forex, commodities, and stocks. Binary options can also be traded within different time frames. Hourly options are typically used by day traders. Daily options expire at the end of each trading day and.
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Most trading platforms make setting up an account relatively easy. Typically, you will be asked for basic personal information including your name, country of residence and birth date. If you are unsure about the process of registering, many sites offer demo accounts or simply demo.
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