The number of contracts on options and futures traded globally in 2017 was worth $25,199 billion. Of these contracts, the total value of options traded was up 11%.
With the cooling off of return rates globally, many people have turned to binary options as a revenue channel.
While it is indeed promising, it is essential that a potential investor know what entails trading a binary option to comprehend its risk-reward profile.
Here is a primer on what you need to know before jumping into trading a binary option.