In the terminology of binary options trading there are several words that are frequently used and essential for traders to know. Most of these words & phrases are self-explanatory and easy to keep in mind. The first phrase is binary options itself that also known as digital options, put and call options. In binary options trading there are two options that traders can choose which are put or call. Binary options contract means the trade that investors trade into. Usually, various kind of contracts are available depending on the binary options broker who is running the binary options trades. Reputed binary options brokers offer contracts for many assets. The major assets of binary option trading are currencies, indices, stocks, commodities and pairs. Binary options contract has predetermined expiration time that is very important aspect of the binary trading. Binary option trader can select contracts with their preferred asset, expiration time and payout rate. Payout rate refers to predetermined rate set by binary option brokers on the binary option contracts. Highest payout rates usually ranges from 80-85%. By applying binary options strategy traders can earn up to 80-85% of pure profit from trading binary options.
Binary option platforms are the place to trade in binary options. There are many binary options platforms available in the current industry and most of those are highly trusted. But binary options traders should be aware of the fact that there can be unprofessional websites which trying to take advantage of the unacknowledged people come into binary option trading in daily basis. These sites can be well avoided by noticing few qualities and signs.
First check whether there is a binary options trading learning center in the site. Only the professional binary option broker websites are willing to have such resource because they are in a long run and they want to help traders on trading binary options which ultimately attract more traders to their site. To be more convenient for binary option traders, the best binary options brokers offer binary trading contracts with various assets, different expiration times ranging short as one hour to long as a week or month, higher payout rates and also several cash withdrawal options.