The most common type. Traders predict whether the asset price will be higher or lower than the current price at expiration. A correct prediction yields a payout.
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After execution, track the trade’s progress on your platform. Some brokers may allow early closure to secure a profit or limit losses—use this feature wisely.
Binary options are a type of get more info financial derivative that let traders speculate on the price direction of various assets, including stocks, currencies, commodities, and indices. The term “binary” comes from the two possible outcomes of a trade:
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No, binary options themselves are not a scam—they are a legitimate form of financial trading. However, the industry has gained a poor reputation due to the presence of unregulated brokers, fraudulent platforms, and deceptive marketing practices.
Whether you’re just starting out or looking to sharpen your skills as an experienced trader, this guide delivers expert advice, actionable tips, and reliable tools to help you navigate the binary options market with confidence and safety.
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South Africa’s regulatory body for non-banking financial services. It oversees binary options brokers serving the African market, promoting fair practices.
Why it matters: A broad range of tradable assets gives you more opportunities to diversify and apply different strategies.
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