What is a IQ Option Binary, Forex, Stock and Bitcoin Trading Strategy for Cheap?
Binary options are an intriguing and exciting financial instrument that can yield up to 95% profit in as little as one minute. In this article, we will explore what binary options are, the types available on IQ Option, how to trade binary options, binary trading tips for beginners, and the strategies you can use to analyse short-term market action.
What’s Binary Options?
Binary options are a high-risk, high-reward financial instrument that involves predicting whether the price of a selected asset will rise or fall over a certain period of time. Simply put, you click the “Higher” button if you think the price will rise in the near future, or the “Lower” button if you think the price will fall.
If your prediction is correct, you make a profit; if not, you lose the investment amount. Hence, these are also known as “all-or-nothing” options. If the closing and opening prices are the same, you neither win nor lose, and your investment is returned to your balance.
Binary Options: key terms to know
To understand how to trade binary options, it’s essential to understand the basic terms.
Opening price
Your predictions are made in comparison to the opening price, which is the price at the moment when the trade is initiated.
Closing price
The closing price is determined according to your chosen expiration time. For example, if you trade a 1-minute option, it will close at the price at the end of that minute.
Expiration time
Your trade will be closed automatically at the selected time. At IQ Option, options can last from 1 minute to 1 month. The expiration time will be indicated on the chart as a red line.
