What are binary options in simple words?

The rise of binary options as a method for earning money online has sparked apprehension and doubt among traders. This stems from the limited understanding of what binary options entail, how this financial tool operates, and why it yields profits on the internet. Subsequently, traders emerged who grasped the essence of binary options, explaining them in layman’s terms and mastering successful trading strategies. Stay tuned as we delve into the intricacies of binary options, elucidating their workings, nature, origins, and rationale. Binary options – what exactly are they? In essence, a binary option is a financial instrument enabling transactions with

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