Binary Options Types
There is number of different binary options types, but the most common are:
An investor bets, that the price of asset will be on maturity (expiry) date higher or lower than the initial price. What matters is only the direction of price movement, not a difference.
An investor bets whether the price of asset will reach or not the desired level before expiry date of the option.
An investor bets, whether the price of asset will stay or not in certain boundaries at the moment of option expiry.
An investor bets, which one of two assets will have better performance (measured in per cents) at expiry date of the option.