Binary Trading and Options Basics, an Overview | Investopedia
Binary options are deceptively simple to understand, making them a popular choice for low-skilled traders. The most commonly traded instrument is a high-low or fixed-return option that provides access to stocks, indices, commodities and foreign exchange . These options have a clearly-stated expiration date, time and strike price . If a trader wagers correctly on the market's direction and price at the time of expiration, he or she is paid a fixed return regardless of how much the instrument has moved since the transaction, while an incorrect wager loses the original investment.
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Binary options are trades that have two choices and two outcomes. They are different from typical trading. Very different.
If the trader bought a CALL option, he/she bets on the price going higher – above the strike price. If the price is above the strike price (even by one pip), the trader wins the bet at the expiry date.
There was a case of a Canadian man who got scammed, lost a lot of money and then committed suicide. There are many stories of people who have been scammed and have no clue how to recover from binary options.
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Legitimate, effective, and working options strategies are pivotal to success in binary trading. You can make a comeback; you just need to learn how to beat your competition, your binary broker. You simply can’t make profits in this business without technical trading, and you shouldn’t feel any qualms about it. With my pugilistic strategy, your profits will skyrocket. Your wilted “personal-binary-account-manager” will never ask you to invest more money, ever again :)
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