What are binary options?

What are binary optionsBinary Options are predictions on how a certain stock, index, or commodity will do over a certain amount of time. There’s no risk as you’re not buying the asset, just predicting whether the price will rise or fall. Binary Options are simple, quick, and profitable.
Binary options are named as such because they only have two possible outcomes: either the forecast is correct or it is not. As a trader, you decide how much you want to invest in the option as there is no fixed price for the option, just fixed return.
Do you think the price of USDCNH will reach 6.5289 in the next 60 seconds? By investing in your forecast, you can make 90% of your investment in under a 60 seconds.
Here’s an example:
1. Invest $200 in one of broker’s assets, example: USDCNH
2. Decide if USDCNH’s price will go up or down
3. Click ‘BUY/CALL’. If you’re right, you’ve just made $180