Binary options have been appropriated by the evil leftists and lesbians. Binary options have nothing to do with male or female or genders in any manner (or is that womanner?) at all. Further alienating this article from the status quo, binary options are basically gambling. Now that those who are going to be offended are fully offended, there is nowhere for this article to go but into the good touchy-feely areas of safe spaces.
Binary options are a financial product like stocks except you do not buy anything. Its like short-term insurance that you buy where you predict something will happen. Also known as all-or-nothing options, digital options or fixed return options, many industry insiders will disagree with this definition. However, when you short a stock, that is when you pay money predicting a stock will go down in value, that is basically gambling. Somehow, our law makers have allowed this to not be called gambling because of chart patterns you can refer to exploit regularities.
Anyhow, a semantic discussion is not required for the most part because any reasonable person can see that certain, if not all aspects of stock markets is gambling. Additionally, if you are not a reasonable person then I am going to act all leftist-like and state that the ‘gambling’ definition being referred to is the second definition which is taking a risky action in the hopes of acquiring a desired result.
Binary options are when you bid (?) or invest a certain amount of money on a stock or commodity that its price will either increase or decrease within a certain amount of time which is usually a very short period from 1 minute up to a maximum of 24 hours
There are various options you can choose from. As mentioned a up/down or a high/low option is when you invest a certain amount of money predicting a price will be higher or lower than an initial price upon expiration of a time period.
A Second option is touch/no touch where a trader predicts that a level will be touched within a time frame. Boundary in/out range options is when traders predict if whether the price will finish within or outside the specific boundaries. Ladder options dwell upon preset price levels and a significant price move where payouts often go above 100%.
There are several companies that you can participate in binary options, however to be honest, they are all the same. Some of them act like mobile phone or mattress companies where they convolute their packages and products so much that you can’t differentiate them from others. It also makes their products sounds more professional and not feel like you are gambling, which it is.
One thing worthy of mention though is their affiliate programs. For the most part they take them too seriously, they are outsourced, and they create all these rules and qualifications to ‘motivate’ the affiliate which only tend to demotivate the affiliate. However, even with their lowest level of affiliate participation the pay out is good. Think about it, if you could go to Las Vegas and bring 1000 people with you to gamble and the casinos give you half of what those 1000 people spend (lose), wouldn’t that be awesome? That’s what their affiliate programs are like. Binary options, more options than binary genders!