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What are binary options?

Binary options are a type of financial contracts whose validity is limited in time. They can be attributed to derivatives (derivative financial instruments). Binary options have fixed risks and profitability. The duration of the option is limited by the terms of the contract.

Binary options appeared in the US at the end of the first decade of the new century on the wave of the strongest financial and economic crisis. They became the available derivatives, with which even those traders who are just starting work in the markets could easily navigate and start earning income.

To trade binary options simply

Binary options are one of the simplest and most accessible types of financial instruments at the present stage of market development. All you need in order to open a deal is to select the underlying asset, the size of the investment, determine the direction (up or down) and expiration time.

In principle, this is all you need to know directly about the process of opening deals. There really is nothing difficult. Just a few simple steps and the contract is bought. Nevertheless, to trade does not mean to earn. To obtain income from trading binary options, some knowledge of how to open a deal is clearly not enough.

What you need in order to earn binary options

In order to succeed in trading binary options, you need skill, knowledge and experience. First of all, it is important to realize that working with these contracts involves risks of losing capital (like any other kind of trading and investing in financial markets).

Professional traders of binary options in their work use various analytical tools to profit from work with a particular underlying asset.

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