Lens1000
VIP Contributor
Binary options is a type of option with a fixed payout in which you predict the outcome from two possible results. If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing more. It's called 'binary' because there can be only two outcomes – win or lose.
generally, the more risk you take the bigger the rewards. What most successful traders know and aspiring traders want to understand is that risk and taking risk does not mean being risky. You can take risk in a calculated way, profit and move on. You can also be risky, blow your wad and get washed out of the market.
A binary trade outcome is based on just one parameter: direction. The trader is essentially betting on whether a financial asset will end up in a particular direction. In addition, the trader is at liberty to determine when the trade ends, by setting an expiry date. This is not the case with other markets. For example, control of losses can only be achieved using a stop loss
Trading on binary option is very simple and easy to learn
generally, the more risk you take the bigger the rewards. What most successful traders know and aspiring traders want to understand is that risk and taking risk does not mean being risky. You can take risk in a calculated way, profit and move on. You can also be risky, blow your wad and get washed out of the market.
A binary trade outcome is based on just one parameter: direction. The trader is essentially betting on whether a financial asset will end up in a particular direction. In addition, the trader is at liberty to determine when the trade ends, by setting an expiry date. This is not the case with other markets. For example, control of losses can only be achieved using a stop loss
Trading on binary option is very simple and easy to learn