The various types of binary options trades

Hi, 
Trades are referred to as binary options because they involve either one  or the other  choice.  Similarly, these trades  entail getting one or the other  payout  option, once  the contract has expired.
Some of the trading options in  this industry include the up or down options  and the touch  or no/touch options. In  computer language, the term binary refers to either 1 or 0.
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