Compared to the traditional ways of trading in the global market, binary options trading is a very interesting and easy-to-use method of cryptocurrency trading. Although traders, especially the beginners face the threat of losing their investment, the rewards can be quite handsome if the art is learned properly.
In binary options trading, you must remember that you will be acting against your own broker because in case you lose money, your broker might get that amount. One such broker is IQ Option.
The work of the trader is only to predict the market direction and its price within the given time of expiry. If the prediction seems correct, the trader will be paid a fixed return. And if the trader fails to predict, he might lose his investment.