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Binary Option

A financial instrument where the outcome is either a fixed payout or nothing. On Zentrader, binary option types include High/Low (predicting whether the price will be above or below the entry price at expiry), One Touch (predicting whether the price will reach a target level before expiry), and Spread (predicting whether the price will close beyond a spread range at expiry).

Related Terms

Expiry / Expiry Time The predetermined time at which an option contract ends and the outcome is determined. On… Sell On Zentrader, the ability to close an open position before expiry. Clicking the Sell button… Confirmation (Trade) A screen displayed before a trade is executed, showing the trade parameters. Can be bypassed… Trading Schedule The timetable showing when each asset is available for trading, including market hours and any… USD/JPY The currency pair representing the US dollar against the Japanese yen. One of the most… Liquidity The ease with which an asset can be bought or sold without significantly affecting its…

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