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Suppose, you believe EURUSD rate will be 1.3423 this 24 working hours. Right now, EURUSD rate is 1.3410. Get one day EURUSD binary options contract with strike price of 1.3423 and expiry of each day by paying a small premium like $10 per contract. If on the expiry from the next 24 hours, the EURUSD rate is indeed 1.3424, you make $100 and if it’s 1.3420 after 24 hours, you make nothing and lose the $10 a person need to invested since contract.
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