News & Analysis
Ahead of the FOMC minutes and G20 Leaders’ Summit, the Australian Dollar is bracing for intense price action. AUD/USD may aim for near-term options-derived support/resistance levels.
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Binary Options Education
Binary options offer a way of speculating on a diverse range of assets and events, with clearly defined potential profits and loss at the outset.
They're based on a straightforward yes/no proposition, for example, 'Will the price of crude oil be above $55 by 4pm today?'
If your answer is yes, you'd buy the binary at a set price, between $0 and $100. If you think no, you'd sell. The more likely that the proposition will prove correct, the higher the buy price will be. Binaries are so named because they close at either 100 or 0. So if you placed a buy order and at 4pm, crude oil is above $55, you'd receive the $100 payout. But if not, you receive zero.
Once you have a basic understanding of how to trade binary options, you can start to support your trading with a range of binary strategies.
Check out our five-minute introduction to trading binaries below.