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The words 'binary option trading' are becoming more prevalent in the trading world. Some benefit is being derived from the Push Money App Review current turbulent economic situation. Fluctuations in currencies, commodities and the like, have created an opportunity for profiting off these changes. Hence binary option trading has escalated in use and is a popular method of profiting for many investors.
So what exactly is a binary option? A binary option is a contract, where a buyer has the right, but not the obligation, to buy an underlying asset at a set price within a specified time frame. This sentence is better explained when the different elements are each broken down:
Underlying asset - this is the item which the option derives its value from. Examples of assets in option trading are commodities (such as Oil), indices (such as the Dow Jones), currency pairs (such as USD/EUR) and stocks (such as Microsoft).
Set price - this is the price barrier, that the option needs to be above or below, for the option trade to expire in-the-money. This is fixed at the time of the contract and is known as the strike price. http://autobinarysignalssoftwarereviews.com/push-money-app-review/
Specified time frame - or in the case of option trading it is known as the expiry time. This dictates the time at which the option will expire. A buyer can select from the end of the hour, day, week or month.