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Expiration time marks the moment when the binary option expires. It basically determines how long after you’ve placed the trade, you’ll learn the outcome of your bet.
Depending on the type of binary options you are trading and, of course, the type of your binary option broker, you may see different expiration times when placing a trade.
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After you have placed your bet and picked the expiration time, the only thing you can do is to wait for that time to come. When the option expires, the trading platform will assess the value of the asset and determine whether your position is in or out of the money.
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