Option premium — what is it?
Options are a type of security whose holder has the right to buy or sell the underlying asset at a fixed price within an agreed period. The holder is not obliged to perform the agreed action and may choose whether to exercise the option or not. The seller, on the contrary, bears an obligation that cannot be refused. Nevertheless, contrary to what it may seem at first glance, such a contract is beneficial for both parties...
When learning about traders who trade binary options and make good profits from it, beginners inevitably think that they have some kind of secret, since it seems impossible to make money just by sitting at a computer desk. In fact, it is possible, but there is no secret here — only clear rules that successful traders follow. Perhaps these very rules are the “secret information” that inexperienced players are chasing. So, what is this “binary secret”?