For example, you order a guess of the currency pair or a stock value will increase in 1 hour from now.
One lot can be about 1000 units of your chosen currency pairs, but it can be a smaller lot, or for those with bigger appetite, you can trade on a larger scale, millions of dollars.
If you are not fond of stock markets, but rather would like to give it a try in the Forex market, try to see if the Binary options is the right thing for you. You can lose all your investment portion (for example all 2% which you risked) in trading currency pairs.
If you think the price would increase, you should buy one lot of this currency pair and wait until the value of euro would increase so you sell it for 1.3092 dollars per euro.
In Binary Options, depending on your broker, you can save sometimes up to 15% of your initial investment. If you invest a hundred dollars, and your option turns to be a winning one, you will get 80 dollars.
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