Binary option is a part of financial markets that is traded by quite a large number of financial investors throughout the world. What is a binary option? What do you need to know to start making money on binary options? Well, in the financial markets, a binary option is seen as a trading mechanism where the payout is known well ahead of the trading. In other words, the payout is a fixed amount that only depends on your size of investment. Binary options give you the opportunity to speculate and bid on a certain asset by determining whether it will rise or fall at a particular period of time. In order to be successful in binary options, you need to learn basic facts about this fantastic market. Let us examine these basic things you must be familiar with to start making money on binary options trading online!