Binary options are financial contracts where you bet on a "yes or no" proposition: will an asset's price be above or below a certain point at a specific time. If you are right, you receive a fixed payout; if you are wrong, you lose your entire investment. 1. Fundamental Concepts
: Common options include forex pairs (e.g., EUR/USD), stocks, indices, or commodities. buy binary options
: The price level the asset must stay above or below for your prediction to be correct. 2. How to Place a Trade Binary options are financial contracts where you bet
: Choose a "Call" if you predict the price will rise or a "Put" if you predict it will fall. you receive a fixed payout
: Decide the duration of the contract (e.g., 5 minutes, 1 hour).