Binary options is a type of options with only 2 possible outcomes. You have two buttons (Call and Put) to place trades. Using them a trader can either win (if the prediction is correct) or lose.
A trader will earn money if the price at expiry time is higher than the purchase price.
A trader will earn if the price at expiry time is lower than the purchase price.
It is the amount of money you get from a profitable trade.
If you want to place a trade, you should choose an asset and investment amount. A min is $20 USD and a max is $500 USD.
It is the definition of profitable trades.
It is used to define unprofitable trades.
It is the date and time when the trade expires.
It is the process of transaction from the broker’s account to your bank account.