Introduction
Binary options are sometimes known as all-or-nothing options, and that phrase perfectly sums up what they’re about. Without going into too much detail, essentially you’re betting that an asset will be worth above a certain value at a certain time. If your prediction is correct, you’ll make a profit, but if you’re wrong, you’ll lose all of your investment.
Win and you’re “in the money”, lose and you’re “out of the money”, hence the ins and outs of binary options.
Binary options owe much of their popularity to their simplicity. You can make money regardless of what’s happening in the markets, you can predict your gains or losses with accuracy, plus trading is quick, easy, and doesn’t necessarily require a large investment. Described as such, they sound like the perfect investment opportunity. But is everything really as rosy as it seems? Read on to learn more, and to understand why some people have concerns about whether binary options are legit and binary options scams are rife.