History of Binary Options
Modern binary options have become very famous in a short time period, despite their previous absence in the world of finance as a popular traded financial instrument. This is despite binary options having their roots in the 1970s. Much of the growing popularity is owed to an extraordinary revolution in financial trading over the past decade. They have gradually increased in popularity for many reasons, such as the absence of high commissions that is often the case with forex and stock brokers. With the advancements of technology, binary options came into being widely available online.
Up until 2008, binary options were available Over the Counter (OTC), sold directly by the issuer to the buyer. In 2008 the American Stock Exchange (AMEX) and Chicago Board Options Exchange (CBOE) publicly offered binary options to be traded on major markets. Since then, there has been a quick, but gradual development of online brokers. Much of this was a result of the trading restrictions on the AMEX and CBOE. Now traders can trade with many assets from numerous global markets, as well as a great contract choice. This gives you the chance to make high profits with a multitude of trading strategies.
Binary options contracts are flexible, giving you the ability to choose your asset, Call or Put, and expiry time. They have gained wide popularity due to little government regulation and the ability to easily make high returns online. With the absence of having to physically purchase a contract, beginners have entered the market and become professionals in a short period of time. Traders have been attracted to this market due to the limited risk and high profits for all trading levels. With only an Internet connection required, you can now start trading binary options in minutes!