Binary options trading terminology

Binary option trading terminology,CALL-you choose CALL when you predict that the price of the asset will rise higher than the present rate
PUT-you choose Put when you predict that the price of the asset will fall below the present rate.
STRIKE RATE-This is the rate at which you buy the option, this rate will determine the success and failure of your trade.
CURRENT RATE-this is the real time rate of the asset and by expiry time the system will compare the current rate to the strike rate to determine whether your trade was successful or not.
EXPIRY TIME-This is the date and time you choose for the trade to end.
IN THE MONEY-When your trade is successful i.e when you trade predicted correctly, it is called ending in the money.
OUT OF THE MONEY-Conversely if you were unsuccessful and missed out on your position, your trade ends out of the money.
AT THE MONEY-if at the time of expiring the current rate is deemed equal to the strike rate, the trade is deemed at the money and your investment will be credited back to your account.