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Binary trading, also known as binary options trading, is a type of financial trading where the trader predicts whether the value of an asset will rise or fall within a specified time frame. It's called "binary" because there are only two possible outcomes: the trader either predicts correctly and earns a fixed payout, or predicts incorrectly and loses the investment. It's important for traders to be aware of the risks involved and to understand the mechanics of binary options before engaging in this type of trading.