What is a Binary Option? [read on Wikipedia]
These are Intraday trading (short term) options also known as all-or-nothing options where an investor invests a sum on a certain prediction (or speculation) that the commodity or currency ect' will go either UP or DOWN in a given time period of 60 seconds, minutes or more. If the speculation was made right then the investor gains a fixed return or amount of money that has been determined before the investment.
These are Intraday trading (short term) options also known as all-or-nothing options where an investor invests a sum on a certain prediction (or speculation) that the commodity or currency ect' will go either UP or DOWN in a given time period of 60 seconds, minutes or more. If the speculation was made right then the investor gains a fixed return or amount of money that has been determined before the investment.
The best thing about binary options has to be the fact that they are so easy and simple to use and trade, any novice trader can invest in fixed return options with 3 easy steps, all you have to do is open an account and insert funds into your investment, choose if you want to predict UP or DOWN and wait for the time to expire , if at the expiration time the price is "on the money" or what you speculated it to be (over or under the starting position) you receive a fixed return .