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If it goes in your favour, you cash in the Sell and pay back what the broker initially paid out for you, netting the difference in the Asset price when it goes back on to the open market, or in Binary Options, the netting the credit that the other trader.
In order to make money with binary options you need to understand very well technical analysis and market sentiment. This is not something you will get by simply staring at candlesticks. You might make profits with Easy earnings on the Internet self-taught approach.