Tips to Find the Best Binary Options Brokers 

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jamesm
Posts: 33

Joined: 9/26/2016
Topic  Tips to Find the Best Binary Options Brokers       Flag »  Reply »
With the potential of earning big money, binary options trading has taken off in a large way all around the globe. From a handful of binary options brokers in 2008, we have about hundreds of them available currently. You will be entrusting your money to a broker to carry on the trade. Hence, it is extremely important that you identify the best binary options brokers from the other small and unreliable ones.

The trading of Binary Options first commenced in 2008 at the Chicago Board of Exchange. Like the name suggests, Binary Options, are derivative contracts with only two possible outcomes at the expiry of the contract i.e. you receive cash/ asset if the contract is 'in the money' or nothing otherwise. For example, suppose you buy a call option of ABC Ltd.'s share at a strike price of $30 and a binary payoff of $300. If the stock price is above $30, your contract is 'in the money'. By 'in the money' contract, we mean that you are in a profit situation as you can buy the stock for the strike price of $30 and sell it at a higher price (the current price) and make a profit. In such a scenario, in a binary option contract, you receive a fixed binary payoff of $300. In every other scenario, you receive nothing and lose the purchase price of the contract. The underlying asset can be stocks, indices, commodities and currencies. Making consistent profits out of trading in binary options depends on the accuracy with which you can predict asset movements over the term of the contract.
  Monday, September 26, 2016 at 8:50:36 AM

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