Binary Options is simply the action of placing binary trades. As a trader, you can either invest in the prices going up, or going down, or alternatively, you can invest in them staying within a certain range or reaching a present value.
Trading is normally viewed in the longer term, with the payout level becoming more important. The payouts can vary from around 65 percent to 95 percent, with more elaborate options going even higher; however, you will find that these vary from broker to broker.
You may also find that the payouts will chance depending on the individual asset and the expiry time of that asset. These differences can be very significant, so it is important that traders who are wishing to use binary trading in the long-term check and shop around to find the asset class that offers the best payout to maximise the amount of money that you can gain. What might seem like unnecessary work will, in the long run, make a huge difference.