Binary Options Terminology. Binary Options Trading has gained massive popularity in the last few years mainly because of its simplicity and appeal to the general public.
Real Account: This means your actual money in your broker’s account.
Demo Account: This is a practice account, and the numbers in the balance are fake, not real money.
Put or Low Option: Sell Symbols
Call or High Option: Buy Symbols
Balance: Total your money in the broker.
Broker: A company, Brokerage, or Website that allows you to trade binary options.
Current rate: it represents the current price of the asset.
Binary Options Terminology
Range option: Limited Binary Options brokers offer you to trade on the range; for instance, the market price of EURUSD is 1.2010. You will predict that the market price will be between 1.2020 and 1.2000 in the next 5 minutes, then you can open Range Option.
Expiration Time: When will the option expire? The expiration time is completely accurate by Seconds and milliseconds.
Rate of Profit: The percentage of money you get as a return after a trade expires.
Fundamental Analysis: Analyze and predict market movements according to the financial, political, geopolitical, demographic, and macroeconomic news factors and others.
Technical analysis: Another way to analyze the market according to the mathematical the main needed for specialized analyzers is historical price data and volume charts.