currency binary
A type of currency trade used as a hedge strategy or for speculation in which a trader will realize 100% of the profits should an exchange rate position reach a specific strike rate, or zero profits should it not. For example, if a binary position is opened when the JPY/EUR is at 115 with a 120 strike rate, the trader will realize 100% of the profits if the rate reaches 120 or nothing if it does not.
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Double Barrier Option