What are forex binary options?
Forex binary options are options that simplify the complex forex market allowing traders to reduce their exposure to volatile currency markets. With binary options, a trader can capitalize on the essential idea of forex trading without the complicated investment structure.
Forex binary options are binary options that use a currency paring as its asset. For example, you can invest in a binary option with the underlying asset being the USD/GBP. While binary options in general encompass a variety of asset types, forex binary options deal only with binary options that focus on currency pairings.
By trading in options, you are actually trading in the tried and true core of the global forex markets. Our Binary Options section gives you all basic information about forex trading as related to binary options that you will need to start.
Binary options are unlike traditional forex trading where you may be leveraged many times more than your original investment amount, leading to possibly catastrophic drawdowns that eliminate your entire portfolio. By trading with forex binary options, you know the exact amount of your risk before you purchase the option therefore eliminating the extreme, yet typical, risk of traditional forex trading. Read more in the Binary Trading section.
Is binary options trading restricted only to forex?
While binary options trading can be traded on the forex markets, you can trade binary options on a number of asset types. With binary options you can trade a variety of asset types, including commodities, stocks and indices.
Is there any educational material on how to trade forex binary options?
Trading forex binary options is no different than trading any other type of binary options. 24option provides an extensive binary options education center designed to help you learn the best and most effective tools for trading binary options. To view the education center, please click here.