Binary Options are the most popular trading instrument on the binary.nordfx.com platform. It is by far the simplest trading tool, especially for beginners.
You can trade very easily, in just three steps. Choose the asset you want to trade. Enter the amount that you want to invest.
Choose whether the price of the asset will be above or below at the time of expiry.
In case you choose an expiry time that is very close to current time, the transaction might not be completed. In such a case, you will have to choose a later expiration time.
This specific category of options differs from the others with respect to expiration time, as available expirations refer to the same day.
For example, if the price of gold is currently at $1,500 per Oz, will it rise or fall by 17:00?
The trader never purchases an asset, only predicts the market direction. A correct prediction results in an in-the-money trade.