Binary options are a type of forecast about how the price of specific stocks, indexes or goods will change over a certain period of time. Even though the name might seem complicated, this is probably the easiest way to try and earn money on the Internet. Unlike the forex markets, where you buy real money or stocks, here you only try to guess whether the specific value will rise up or go down. Every transaction has a fixed income that varies from 60% to 90% for a transaction (when you risk with X units you can receive 1.9X units, if your guess is correct).
In this picture you can see CALL and PUT options and how they work
You can see the value of a product in a certain period of time in specific charts. You have to choose, whether the price of the product will rise (CALL) or go down (PUT). You will also have to choose the period of time (1 minute, 15 minutes, 1 hour or 24 hours). The most risky action is to bet on the 1 minute period because it is basically trying out your luck.
But if you choose a longer period of time, the chance of using various strategies to reduce the risk arises.