Foreign exchange (FX or forex) is the most liquid and actively traded market in the world, with a daily trading volume of over $5 trillion. Trading forex involves predicting the movement between two currencies, such as the Euro vs US Dollar (EUR/USD), which can be affected by changes in global supply and demand. Binary options are an alternative way to play the foreign currency (forex) market for traders. Although they are a relatively expensive way to trade forex compared with the leveraged spot forex trading offered by a growing number of brokers, the fact that the maximum potential loss is capped and known in advance is a major advantage of binary options. Binary options have two outcomes: They settle either at a pre-determined value (generally $100) or at $0. This settlement value depends on whether the price of the asset underlying the binary option is trading above or below the strike price by expiration. Binary options can be used to speculate on the outcomes of various situations: Will the S&P 500 rise above a certain level by tomorrow or next week? Will this week's jobless claims be higher than the market expects? Or will the euro or yen decline against the U.S. dollar today? For example, say gold is trading at $1,195 per troy ounce currently and you are confident that it will be trading above $1,200 later that day. Assume you can buy a binary option on gold trading at or above $1,200 by that day’s close, and this option is trading at $57 (bid)/$60 (offer). You buy the option at $60. If gold closes at or above $1,200, as you had expected, your payout will be $100, which means that your gross gain (before commissions) is $40 or 66.7%. On the other hand, if gold closes below $1,200, you would lose your $60 investment, for a 100% loss. The best binary trading strategies can be defined as: A method or signal which consistently makes a profit. Why Use Money Management? 1. Always invest the same amount. … 2. Invest the way you feel. 3. Invest more after a loss.
The problem with binary options is that there is no market for them, the binary broker is a market maker and is free to put you in worse position, limiting payouts, expirations, slowing execution and use other deceptive practices. Clearly it is in their best interest.
Many people say that they work with binary options, but now it is not promising, although if you delve into and understand it, it will help you get a good result.
Binary options are also trading instruments like the currency pairs which are traded as well. People don't go with binary options since they have a high rate of risks and losses.
honestly speaking i have never found at any binary option trading platform which is trusted by the traders at all. its all about scam.
no one see . people right now totally lost interest from this trading place . all over the world all attentions into Crypto Market. by the way, BTC going high after crash