When employing binary PSK, each symbol represents a 0 or 1 (see the table). A binary 0 equals 0°, while a binary 1 is 180°. With one bit per symbol, the baud and bit rates are the same.

Differences Between Binary Options And Spreads. by Darrell Martin Benzinga Contributor. ... If you sell at 121.00, your risk is the difference between the ceiling 121.10 and the sell price 121.00, ...