Numerous binary options trading sites have sprung up recently. These websites enable subscribers to acquire binary options on a range of ‘underlying assets’, for example, foreign currency, gold, silver, oil and stocks. Binary options trading may be all Greek to you, if so, there’s no shortage of useful info and tips available from various sources online. Binary options have probably proved so successful because of the fact that all possible outcomes are known in advance. In brief, only two outcomes are possible: a pre-determined gain or else a loss.
The trader always knows exactly what they are in a position to gain or to lose. Many trading platforms provide demo accounts, meaning that you can go for a ‘dry run’, whether it’s predicting the behaviour of assets or their price at some time in the future. Digitial options are a type of binary option. The different outcomes are defined as being ‘at the money’, ‘in the money’ and ‘out of the money’, the end outcome being dependent on your forecasts being correct. Trading can be done in real-time and often involves short-term trading with trade expiry times measured in minutes. Furthermore, you don’t need previous trading experience to get involved.