What is Binary Stock Options: In finance, a binary option is a type of option where the payoff is either some fixed amount of some asset or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The cash-or-nothing binary option pays some fixed amount of cash if the option expires in-the-money while the asset-or-nothing pays the value of the underlying security. Thus, the options are binary in nature because there are only two possible outcomes. They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and Fixed Return Options (FROs) (on the American Stock Exchange). Binary options are usually European-style options.
What is Binary Stock Options in (Nun Accounting Words): There is money to gain when stocks are traded against other stocks. Can you get filthy rich off of this, yes you can. Can you go flat broke off of this, yes you can.
Have I Made Any Money: Yes, I have generated money off this venture. I opened my account with "Cedar Finance", which is one of many finance trading platforms. I took the money I was going to spend at our local casino ($200), and deposited it into my account. I set down an got ready to read hours of boring how-to tutorials, but in literally one minute I was trading. I am a working person, so my first trade was only $5. I click UP (Call) waited 60 seconds and won $3.50 cents. I was blown away so I did it again and won another $3.50. I did it again, but I click DOWN (Put) and lost the $5 dollars I traded. Its no different than a roulette table, Black or Red. Don't get me wrong there are books and charts you can and should read to somehow predict if the stock is going up or down. I simply use common since and I am up to $834. I know that's not a lot of money, but you get rich by taking what someone else has done and put your own twist on it. Good Luck
Always do your own research before you invest one penny in a financial venture.
