What is binary option?

[Ononivami]

Binary option is a form of trading that has just two outcomes and you're not left with any option other than "win" or "loss" . This indicates that you will win if you get the prediction of the market direction correctly and it will be a fatal loss if otherwise. The modus operandi of the binary option is similar to betting.

 

[Lens]

Binary option is a financing that I will never take because it is more or less like gambling and it is often arduous to make money from because I've got a couple of friends who had bad experiences with binary options.

 

[Niyi]

Binary options trading involves significant risk. Price volatility, liquidity risk, market manipulation and platform malfunctions are some of the factors that can lead to financial losses.

In addition, the lack of regulation and oversight increases the potential for fraud. It is important to thoroughly research and understand the risks before investing in binary options.