A binary option is a financial option in which the payoff is either a fixed monetary amount or nothing at all.
Make a forecast — is the course of an asset about to increase or decrease? For example, how will the EUR/USD rate change in the near future? If your forecast is correct you win the trade, if your prediction is not correct you lose the amount traded.
Determine whether the chart will go higher or lower than the current level.
If your prediction is correct you make a profit.
In case forecast is wrong the amount traded is lost.
We do our best to make trading on our platform accessible
Watch these tutorials about the platform