The best thing about binary options is that you can use them to trade a variety of assets including stocks, indices, currencies, and commodities. Hence, experienced investors avail of this quality to trade assets they are most comfortable with. With respect to novice traders, they get a chance to explore different markets and different assets and select the one that proves most convenient to trade.
Binary options ensure huge profits within a short span of time. Depending on your broker, you can earn a huge profit ranging from 67% to 81%. For example, suppose you invested $200 estimating an upward shift in price of a certain asset within the next three hours and the asset does experience a rise in price by the end of those three hours. Here, you stand to earn a total amount of as much as $334 to $362. We also need to consider the other possible result of your estimation i.e. a fall in price of that asset over three hours. In this case, you will stand to lose not a penny more than what you have invested i.e. $200.
Although the amount you are likely to lose if you win your bet is not small, remember that this is known to you before you place your bet. Thus, depending on the conviction of one’s estimation, one can invest in a transaction. Also, when you see the price moving in an opposite direction, you always have the option to withdraw your bet without waiting for it to expire. Moreover, since each bet is placed after careful market analysis of that asset, the likelihood of losing a bet decreases even more.