Binary Options trading is simply predicting whether the market will go up or down and you place a trade in the predicted direction. Its called Binary cause there are only two options. Call or Put it has different expiry times ranging from 30-seconds to 3-months and there are many different instruments available to trade on (usually depends on your broker). We find Binary much safer than Forex as you only lose the amount you trade and know beforehand the percentage you will profit when you win.
I found the below link from Wiki-how very helpful as a beginner, in dept info.
Wiki-how Understand Binary Option Trading
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