Note that it does not matter whether the price of EUR/USD skyrocketed up.40 or flash crashed below.00, both the profit and loss will be fixed at 85 and 100 respectively. Binary Options: Trading or Gambling? Also known as digital options or fixed-return options, binary options belong to a special class of exotic options in which the payoff is either a fixed predetermined amount or nothing at all. If you pick the right choice of the two you win the trade.
Binary Trading and Options Basics, an Overview Investopedia
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Binary option - Wikipedia
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You do not have to be a financial expert to win. All of the different binary option contracts have these three key ingredients that traders need to take note. The best I could do is to warn him about statistical variance affecting his perceived ability and that short-term volatility along with the inherent disadvantage will make consistent winning incredibly hard. If you are right, you win about. Choose the amount you wish to risk.