Before investing it is important to understand What exactly are Binary Options. We will be looking at:
- What are Binary Options
- Are they a Scam
[B]What are Binary Options[/B]
In binary options you are analyzing if an asset will go up or down. If you think a particular stock will go down within a week than you would call a “put”. If you feel its going up then you would purchase a “call”. In order for a “call” to make you money, the asset must be above the “strike price” at time of the expiry. In order for a “put” to make you money, the asset must be below the “strike price” at time of the expiry. The major advantage to Binary options is that The strike price, risk, and payout are all disclosed before you invest.
[B]Are Binary Options a Scam[/B]
No, as a whole they are not a scam. Many people have chosen scammy brokers and then lost there money. But there is hope. This year governments have started to shut down Broker’s that are not trustworthy.
Binary Options is a great investment to add to your portfolio. They are easy to trade and you could get started within a matter of minutes. If you have any questions please ask.