Ever wondered how binary options work? Let's break it down! 💡
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Binary options come with a clear expiry date and time. At that crucial moment, the price of the underlying asset or event must align with the trader's prediction in relation to the strike price. If it does, voila! Profit awaits. Here's the kicker: binary options auto-execute, meaning your gain or loss is swiftly credited or debited to your account the moment the option expires. There's no middle ground—just a direct hit or miss.
Picture this: You're eyeing ABC's share price on April 22, 2021, at 10:45 a.m. Will it soar above $25? You decide to take a shot, investing $100 in the trade. If ABC's price does indeed breach $25, you're in for a payout as per our agreed terms. Let's say it's a 70% payout—boom! Your account receives a $70 boost. But if ABC falls short of $25, you lose the $100 investment.
Binary options are gaining traction for their straightforward nature. Unlike traditional options, they're easier to grasp, attracting traders far and wide.
However, simplicity doesn't mean risk-free. To safeguard investors, there are trading limits in place. For instance, on the Nadex options exchange, trading is typically capped at around $2,500.
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