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1. what is forex and binary option?

Trading forex with binary options. ... Although they are a relatively expensive way to trade forex compared with the leveraged spot forex trading offered by a growing number of brokers, the fact that the maximum potential loss is capped and known in advance is a major advantage of binary options.

2. what is a binary option?

 

A binary option is a financial exotic option in which the payoff is either some fixed          monetary amount or nothing at all. ... They are also called all-or-nothing options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).