A binary option is a form of options contract, a financial product (generally) built around the commodities market. In a binary option you take a single position: the price of an underlying asset will be at or above or below a given price by a given time. There are many options trading platforms to choose from. Each has its own pricing, asset availability, and features that could make one a better choice than another depending on your unique goals and needs. When picking the best options trading platform for yourself, look at these key areas: Pricing: Options trades can be free, $1, or a lot ... Versatility may not be the first quality that comes to mind, when Binary Options is brought up for discussion. After all, there are just two ways a trade can go: and it is not like there are many tools or ways of trading that can be used to create diverse trading systems, as is the case in Forex Trading. BinaryOptions.net, however, is one of few and maybe the only place you will find reliable binary options information. In addition, the forum has over 10,000 members who discuss their trading strategies and answer all sorts of questions about anything to do with binaries including brokers and signals. However, CFDs and binary options are complex instruments that require extensive knowledge of world markets and a lot of practice - that's why we offer a demo account where you can learn how to trade risk-free with virtual money in order to get a full understanding of markets and market movements before risking your own money.
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