Binary option trading is a simple form of financial trading where you predict whether the price of an asset (like a currency, stock, or commodity) will go up (Call) or down (Put) within a fixed timeframe. You invest a set amount, and if your prediction is correct, you earn a fixed return of 70–90%. If not, you lose the amount invested. It’s called “binary” because there are only two outcomes: win or lose.
BENEFITS - High and fixed returns. - Easy to understand. - Known risk. - Short or long trading timeframes. - Accessible online.
DISADVANTAGES - High risk of losing your full investment. - No control once the trade starts. - You don’t own the asset. - Can be addictive due to fast results.
Training and practice are important before trading.
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