Choose an asset you understand well or one you’ve researched thoroughly. Knowledge of the asset’s price behavior and key market factors can significantly improve your predictions.
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Expiry Time: The length of the trade — it could be as short as 60 seconds or as long as several hours or days.
That said, treating binary options like a game of chance—trading impulsively without analysis—does make it gambling. Conversely, applying solid trading strategies, using proper analysis, and managing risk turns it into a legitimate form of speculative trading.
Binary options are time-based trading contracts where you predict whether the price of an asset will go up or down relative to a fixed level — known as the strike price
Binary options are a type of financial derivative that let traders speculate on the price direction of various assets, including stocks, currencies, commodities, and indices. The term “binary” comes from the two possible outcomes of a trade:
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With expiration times starting from as little as 60 seconds, traders can see fast outcomes and take advantage of short-term market movements.
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While both binary options and traditional options enable traders to speculate website on asset price movements, they differ greatly in structure, risk, and strategy. Understanding these differences is crucial for choosing the right trading approach.
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