Perhaps one of the greatest things about trading in the market (stock, shares, currency or otherwise) is that they are replete with choices and instruments which have the potential of doubling the income that would be earned by following more conventional methods. While seeking one’s fortune out there, an individual should be very clear about a particular thing: you should take advantage of magnified instruments as a way to increase the chances of getting more returns. And one of those instruments is named “options”. So, what are options and what do you mean by “options trading”? Options trading is a type of trading in which a person can exercise either the call (sell or pull (buy)) choice on or before a previously-agreed date. Options are of various kinds: American, European, Exchange traded, Over the Counter, by Expiration, by Underlying Security, Employee Stock, Cash Settled etc. There's another kind of option here: Binary Options trading. (Taken from- http://www.binaryoptionstrategy.eu/binary-trading/)

 So what, actually, are binary options? This is actually a kind of financial derivative which pays the trader in either a previously agreed-upon sum of money or the price of an underlying asset. There are two main types of options: the first one is cash-or-nothing, while the second one is asset-or-nothing. To learn how binary options work, all you need is to understand that it is a sort of gamble. Here, the trader basically places a ‘bet’ on the asking price of an asset (which can be a commodity, a currency pair, a stock or a share) on whether it would increase or decrease on or before a particular time period. If the prices show a chance to go upward, then the trader normally buys the option, and if it is the reverse, they sell it. This usually sounds like gambling since, as said before already, binary options are usually ‘something or nothing at all’. This essentially signifies that you either get the promised amount or nothing at all. This, as can be easily understood, poses a danger to people and hence the chances of making a profit out of it are highly dicey. But still, it is always the characteristic of the brave to undertake risks. Below are listed a few reasons as to why it is wise to trade binary options:

 First and foremost, when you trade options, you get a wide array to trade. The more you come to learn about trading options, the more you realise that there are a huge number of things that can be traded in the market. There are things such as commodities, currencies, shares, stocks etc. The more you learn, the greater efficiency you achieve at diversifying your portfolio and offsetting any possible losses that might be occurring. In today’s world, a good number of brokerages offer free accounts to trade with. So, this would mean that a majority of people would be permitted to put money into accounts to be put directly into the trade. Thus, you’ll be able to use your money in any way you choose. The risks and rewards are always known. Since in binary options trading, it doesn't really matter whether the market is going long or short (because all you need to check is if the prices are closing at the desired levels on a particular date). There is virtually no risk of leverage costing you more than you are likely to spend. The amount you invest here is the factor that you’re risking. This has to be one of the best things about binary options. Although it is most often thought that binary options produces greater payouts matched against other investments and are hence riskier compared to others, it is no longer so in today’s world. The reason being that most brokerages offer a percentage of the money you invest; if you happen to lose. So, the risks are mitigated to an extent. These, in a nutshell, are a few of the greatest rewards of trading binary options.