Binary option is a type of financial instrument that allows traders to make predictions on the price movement of an asset over a specific period. It is known as \“binary\“ because there are only two possible outcomes: the asset will either increase or decrease in value. If the trader\“s prediction is correct, they will receive a fixed return on their investment. If not, they lose the amount they invested.
In India, binary options trading has gained popularity among local traders. A story that goes viral on Google is about a young trader who started with a small investment and managed to grow his wealth significantly through binary options trading. He became an inspiration to many young people in India who aspire to achieve financial independence. |
