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Science and technology Mathematics. Binary number, a representation of numbers using only two digits (0 and 1) Binary relation, a relation involving two ... How to Understand Binary Options. A binary option, sometimes called a digital option, is a type of option in which the trader takes a yes or no position on ... Binary options outside the U.S. typically have a fixed payout and risk, and are offered by individual brokers, not on an exchange. These brokers make their ...

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