Originally posted by Bogdan G.
Lately we see more and more types of Binary Options being available for trading. Sometimes it can get confusing, especially for a new binary option trader. The brokers usually do a pretty good job explaining the differences between them, unfortunately sometimes they lack the simplicity in their explanations and most of the time they are concerned with telling us how much money we will make. Thatís the reason why we find it appropriate to explain the main types of Binary Options in a simple and easy to understand manner and, of course, using pictures. After all, we all know a picture is worth a thousand words. Ok, letís get the ball rolling and start with the most common type of binary, the UP/DOWN option.