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About binary options
Binary options are a type of options where the investors try to predict the very short-term price movements of a financial asset such as a share price, a currency, high-risk financial index or a commodity. They binary options relatively new in the financial market and are a spec high-risk investment.
There are two popular types of binary options
Touch option – In this type of binary option, the investor has to predict whether The underlying asset’s price will or won’t reach, a specific price level during the time of the option contract.
Classical binary option – TIn this type of binary option the investor has to predict whether the underlying assets’ market price will be higher or lower than a specific level at the expiry time.