The most common type. Traders predict whether the asset price will be higher or lower than the current price at expiration. A correct prediction yields a payout.
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Selecting the right broker is one of the most important decisions you’ll make as a binary options trader. A reliable broker not only enhances your trading experience but also helps protect your capital and data. Here are the key factors to consider:
Expiry Time: The length of the trade — it could be as short as 60 seconds or as long as several hours or days.
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Binary options are time-based trading contracts where you predict whether the price of an asset will go up or down relative to a fixed level — known as the strike price
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No, binary options themselves are not a scam—they are a legitimate form of financial trading. However, the industry has gained a poor reputation due to the presence of unregulated brokers, fraudulent platforms, and deceptive marketing practices.
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With expiration times starting from as little as 60 seconds, traders can see fast outcomes and take advantage of short-term market movements.
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Why it matters: A broad range of tradable assets gives you more opportunities to diversify and apply different strategies.
Traders always know their potential profit and loss before entering a trade, making risk management easier and more transparent.