Trading binary options are relatively new as a platform. Such platform is much simpler as compared to traditional forms of trading because traders will just have to basically make correct predictions of the direction the price of an asset goes. If you’re prediction is correct, then you earn. If not, then of course you lose.
How do make correct predictions? If the market seems to be going to the higher side, you should opt for a “call” and this should mean the price of the instrument should be over the strike price for you to gain profit. On the other hand, you should opt for a “put” if the market looks like going toward a fall. This means the instrument’s price must be below the strike price.
Source - Binaryoptionsexperts.com is the leading website offering useful insights about binary options and help traders educate themselves and gain better trading skills.