Binary options are a good way to make easy money. You use the knowledge you already have of companies, economies, currencies, and commodities to predict whether the option price will go up or down. If you’re right, you could increase the value of your investment by up to 90% – 96% / EveryTrade!

For those of you who aren’t familiar with binary options, let me give a quick explanation. The reason why it is called binary is that the word binary means you only have 2 choices. When talking about binary options it means you only have to worry about 2 choices. You choose up or down regardless of how much up or how much down trade will go. Binary options are very simple, they are basically bets on whether a specific stock commodity or currency will go up or down. If you think the price will go up, you place a call. If you think the price will go down, you buy a put.

If you’re correct about the prediction made, you will win whether the price is a hundred points or only one point from the strike price when the option expires. This is because up is up and down is down regardless of how much. Because binary options are so easy to trade they have become popular worldwide, particularly as binary options no deposit bonuses gained popularity.