Binary options

Binary options are up-down/high-low types of trade, where the trader either receives an all-or-nothing profit for the premium amount to enter the contract.

These options are stated clearly with expiration time and strike price. If a trader wagers are right on the market’s direction and price at the contract duration, they received a fixed return irrespective of the percentage of the asset that has moved since the contract, while a wrong wager loses the original investment.