This is good question what is binary option How does this work?

This video explain it all

although I do not recommend to invest big on iq option for a lot of reason however I have experienced to withdraw profit from them. just remember before you invest live account you have to verify your account first. This is a STANDARD OPERATION

Binary option is easier than forex since what you need to know is just the direction however due to lot of concern on the most binary broker I recommend to spend little only for this broker. Make sure to have a working strategy before going to live account.