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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Expiry Time: The length of the trade — it could be as short as 60 seconds or as long as several hours or days.
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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.
Understanding the various types of binary options can help traders choose contracts that best match their market outlook and risk tolerance:
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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.
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With expiration times starting from as little as 60 seconds, here traders can see fast outcomes and take advantage of short-term market movements.
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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