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In a nutshell, binary options are ways to trade price movements of many assets with a One or the Other Choice. You choose whether the price is going up or going down. Place your trade in the direction you seek and hit the trade button.
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.3 Risk reversal - simulates the motion of an underlying so sometimes these are referred as synthetic long or synthetic short positions depending on which position you are shorting; Collar - buy the underlying and then simultaneous buying of a put option below current price.
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