Binary and digital options are only advertised and offered to professional traders. If you are not a professional trader, you can not trade binary and digital options. But you can trade forex and cryptocurrencies.

Pip

A pip is the smallest possible movement that an asset can make, whether it’s up or down. If the price of EUR/USD is 1.33610 and it changes to 1.33611, it means that it’s moved by 1 pip. However, not all assets have 5 decimals. For example USD/JPY usually has 2 decimals, so a movement of 0.01 would mean a change by1 pip.

In the case of binary options, all we need to know is that if the price, in the expiration time, is higher or lower by one single pip that you’ve predicted then the trade is considered successful or in-the-money. That’s all it takes for your trade to be profitable

Author

Step

More about the author: Step

I've wanted to build a business of some kind and earn money since I was in middle school. I wasn't very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

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