Can You Get Rich With Binary Options?
Duration: 8min 56sec Views: 9 608 Submitted: 3 years ago
Description: Binary options provide the ability for regular and novice traders to use the tools of the trading professionals. But what are binary options? And why is it important? A binary option is an option that pays a pre-determined amount and if the underlying assets price moves as the buyer expects you get a fixed return. If the option moves in the opposite direction the investor receives nothing. This is why they are also known as "all or nothing" options. For option traders there is a plethora of exciting information about binary options. However, binary options are a fixed profit option where your gain is predetermined. A binary option contract gives you the right to buy an asset at a set price as well as a set time.
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