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Easy to read, and focuses on one strategy rather than going all over the place like some investment authors. I completely enjoy every one of Mr. Kratter's books, and the Investment University is. Welcome to The Motley Fool's Knowledge Center! Whether you're new to investing or a pro, you'll find lots of useful information here. Investing is full of (often unecessary) jargon, and we're here. In our free stock market courses for beginners videos you are going to learn day trading, swing trading and options trading strategies in simple tutorials. A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cashornothing binary option and the assetornothing binary option. The former pays some fixed amount of cash if the option expires inthemoney while the latter pays the value of the underlying security.