Binary options are tradable options that simply require you to predict which direction the price of an asset will move.

With binary options you’re not required to predict the size of the movement; all that’s important is the direction of price movement.

If your prediction is correct when the option expires, you will be in the money. If your prediction is off, you end out of the money. With binary options, there are only two possibilities.

Binary options are among the most popular trading options available, as all your potentials risks and possible payoffs are known beforehand.