Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only. Accordingly, ForexPromos.com makes no warranties or guarantees in respect of the content. The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual financial advice based on your own particular circumstances before making an investment decision on the basis of information on this website.
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“Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.”
Binary options – also known as “digital options” or “all-or-nothing options” – are options that pay a pre-determined, fixed amount, depending on whether or not an event occurs at the time the option expires. As the name implies, binary options can have only one of two possible outcomes and allow you to take a simple “Yes or No” approach. For example, will the AUD/USD finish above the current price at the end of the hour? If “Yes,” the binary option settles “in-the-money”; if “No,” the binary option settles “out-of-the-money”. Like traditional options, binary options are based on an underlying asset such as currencies, stocks or commodities. But unlike a contract for difference (CFD) or spread bet, a binary option does not require margins or stops and you know exactly how much you stand to gain or lose from the outset. Binary options are simple, and they are ideal for the trader who wants the potential for significant, short-term gains with strictly limited risk.
Trading binary options involves risk and may not be suitable for everyone. Only speculate with money you can afford to lose. The information on this site does not take into account your objectives, financial situation or needs. Therefore, you should consider the information in light of your objectives, financial situation or needs before making any decision about whether to acquire the binary options, which are derivatives.