Here is a short video which explains more about Making Money with Binary Options and using Binary.com The popularity of binary options has grown over the last few years and they offer a low cost way to back your judgement on financial markets including currencies (FX), indices, shares and commodities.
What is “Binary Options Trading”?
It’s a special type of online trading with a fixed payout, in which you predict the outcome from two possible results.
The word “Binary” in Binary Options Trading comes from the choice of two potential outcomes, in a perfectly clear-cut, dual-sided scenario.
Will the price of Gold trade higher than the current spot price in 15 days?
No matter how you slice this scenario, there are only two outcomes possible:
-Yes, it will trade HIGHER.
-Or no, it will trade LOWER.
Let’s just say that you take the position that it will trade HIGHER, and decide to purchase this option:
-If your prediction is correct at the end of the set period, you’ll receive the payout that was determined at the start of the trade. Note that this amount is automatically calculated and reported to you through Binary.com’s pricing technology, before you even press the button to purchase this trade.
-If your prediction is incorrect at the end of the set period, you’ll only lose your initial stake, and no more. Note that the stake is equal to the amount that you initially pay to purchase the trade – so there are absolutely no surprises.
I cover Binary options in my Course Making Money From Financial Markets, you can find out more details at www.winonmarkets.net