Foreign Currency trading (Forex trading) involves many types of dealings. One typically employed transaction is the Forex option. A currency contract that offers the Forex trader the right to either buy or sell an underlying Forex spot contract from either an option seller or buyer up to a specified date, called the expiration date, perhaps an agreed price, called the strike price is called “Forex option”. Reasonably limited is the amount the option buyer pays the option seller for alternative rights only. It is called an option because of the fact that the trader has no obligation to buy the currency if he deems it useless.
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The word “binary” means “two” so this class of options is appropriately by the name of. There will only be two possible outcomes – they purchase from you they don’t. https://knaken.nl/ From time to time they could be called all-or-nothing options, digital options or fixed-return-options (in the USA).
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