What is Binary Options trading?
Also referred to as Digital Options, Binary Options became available as a method of investing in the financial markets in 2008. It is a simple way that anyone can make money off different financial markets. The mechanics of binary options trading are accessible to both novice and expert Forex traders. Today, binary options have become very popular, with many people transitioning across from Forex in a bid to derive profits from this unique and highly profitable trading vehicle.
Trading binary options simply involves making a prediction on the likely direction of movement of an underlying asset. This could be a currency, index, commodity or stock. The trader also has to choose a designated expiration time. When trading Binary Options, the trader does not have to purchase the asset in itself. All that is required is for you to make a prediction regarding the direction the asset will take over a certain period of time. With binary options, there can only be two potential outcomes… the only thing that matters is whether the prediction you have made is right or wrong for the time frame you have chosen.
How to trade Binary Options on quickfxoption.com?
What are the advantages of Trading Binary Options?