Understanding How a Binary Options Strategy Works

A binary option is a type of option that yields the same results or payouts similar to gambling. This means that the payout results have two different types. The payout can be either a win or a loss. This type of option is cash-settled and can only be traded on its date of expiration. Binary options are relatively easier to understand than traditional options. However, it is important to know at least a binary options strategy in order to maximize your possible payouts.