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Suppose, you believe EURUSD rate will be 1.3423 over the following 24 ages. Blockchain , EURUSD rate is 1.3410. You acquire one day EURUSD binary options contract with strike price of just one.3423 and expiry of several hours by paying a small premium like $10 per contract. If on the expiry for this next 24 hours, the EURUSD rates are indeed firstly.3424, you make $100 and if it is 1.3420 after 24 hours, you make nothing and lose the $10 a person invested where contract.

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