When Black and Scholes first presented their paper in 1973 about how to simplify asset purchases and minimize risk, it probably didn’t enter into their minds that they were about to revolutionize the popular way of trading on the market for the average person in the street.
Because of their new system, market trading was no longer restricted to only a few approved professional. Instead, it became the province of anyone who has a few dollars to spare and a willingness to engage in the market.
That’s part of what makes binary options so popular and so great and rewarding.
Recommended reading: Primer on the fundamentals of binary options trading online.