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A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option
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Trading binary options (BOs) has not yet caught on with the trading community. Many traders still don’t know much about binary options. Yet, there are traders around the world who are silently making thousands of dollars day trading binary options contracts.
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