Binary in Spread Betting
A binary in Financial Spread Betting and spread betting is a nice way of illustrating this because with a binary and Mark might mention this, the probability of a binary is reflected in the price. It is when we feel or the trader feels that the probability is different from the actual price an edge becomes available so if you buy a binary at 50 meaning you got 2:1 bet it’s 50% chance, you feel there is a 3/4 or 70% chance of success, then you’ve got an edge.
It works both ways in Financial Spread Betting you might feel the binary is only a 20% chance so it’s very unlikely going to come true so you can sell the binary if it goes down to zero. It’s not so simple a question, my viewpoint these days is longer term, I think as one gets older one tends to adopt a longer term approach and get away from perhaps the short term market place and Mark’s a shorter term, do you have anything to add Mark?