Introduction to Binary Option
Binary options are high return, short term investments traded by both professional traders and amateurs. Most of binary options are traded on the over-the-counter market and are available 24 hours a day, 6 days a week.
Who Trades Binary Options?
★ Binary Options Brokers
Binary option trading becomes popular during last five years, thanks to the proposed rule change by the Options Clearing Corporation in the United States. Since 2008, the American Stock Exchange (Amex) launches the official market-traded European cash-or-nothing binary options. The Chicago Board Options Exchange (CBOE) follows the started process of standardization of binary options, allowing them to be exchange-traded with continuous quotations.
Companies, rendering binary options services are called Binary Options Brokers. Usually, they provide investors with information about binary options. They give also accesses to a binary options platform on which investors submit their orders for buying or selling binary options .
★ Individual Investors
Today some of the most successful binary option traders are individuals, performing day trading who have found binary options a successful way to trade online. Many individual investors manage multiple accounts and trade different types of options at the same time while others have tended to focus their investments in specific markets. The flexibility of time and the wide range of options offered has made binary option trading especially beneficial for investors who are managing their portfolios from the comfort of their home.