If you are into online financial investment policies, then you should be familiar with the term Binary Option. If you are not, then it is a fixed return policy of your investment. Most financial investments are like gambling, if you invest in the right place, you will earn loads of money but if you invest in the wrong place then you can go broke.
Unlike other investment policies, binary option is a more flexible investment policy. It has assured return policies. Investing in this option is investing in financial contracts without owning the original assets itself. These contracts cannot be sold or purchased.
It has a fixed expiry date after which the contract holds no value. This contract promises a maximum profit percentage up to 80%-90% on your investment.
To explain more widely, it is like predicting the price hike in the market. You have to either whether the price will rise or fall from the current value at the end of the contract period. You can invest in commodities, stocks, shares, share indices, etc. There are only two possible outcomes in binary options. Some brokers even promise 15% cash back in case of wrong predictions in order to keep the client in hand.
Binary options trading is a more safer than other trading policies because unlike other trading policies you do not own real assets in binary option trading. You just invest in the performance of your investment. Also it is much safer since it has only two possible outcomes. You just need to predict the direction in variation of price. The amount of variation does not matter. Also the time period and amount of investment is under your control. Binary option trading is very popular when it comes to making quick money.