BINARY OPTIONS TRADING

According to Abe Cofnas is a thought leader and analyst in the financial industry.  “The binary option is called binary because it fits the condition of being either right or wrong-all or nothing.”
Binary options are a derivative that can be traded on any instrument or market. They appeal because they are straightforward. They are known for their simplicity and all-or-nothing nature. You know precisely how much you could win, or lose before you make the trade. No complex mathematics or calculator is required. This is why they are also known as ‘all or nothing’ trades. Moreover, a few reasons are behind to give this trading type name binary option. Options are derivative instruments. It can be traded as forex pairs, cryptos, stocks, indices, commodities, etc.
The exotic option allows a trader to speculate on the price movements of various instruments. You rather predict whether the price will increase above, or decrease below the strike price or purchase rate. The strike price is the price, at which traders trade underlying assets. Market price must increase or decrease, by the time the trade expires. To trade binary option, you don’t need to purchase an underlying asset.
The expiry period for binary options is very diverse. The time frame starts from 30 seconds and lasts up to a year. After prediction the price, you will select the call or put option, depending on the asset price movement.  If you guess accurately, you win a payout. But the wrong prediction will give you nothing. We consider the below Brokers one of the Best to trade Binary Options & Digital Options Trading.