It is commonly said that binary options trading is the easiest and safest method to make money fast and this is probably why the practice has become so popular. However, with all the possibilities you have available, as a beginner you may find it difficult to cope with the entire decision making process. The first thing you need to choose is one of the most reliable binary options brokers and then the assets you are going to trade. There are many different types of binary options available for trading, and this may seem confusing for those who thought it is all about picking one out of two alternatives. Learn about each possibility and select the method most suitable for your needs, for the existing market conditions and also for upcoming changes that may appear. Use dedicated platforms such as 10binarybrokers.com to inform yourself and get used to the market. Trading online means choosing from a number of alternatives and you need to understand them in order to make the best decision. Read on to find out details about the most common types of binary options you will come across.
These are the most popular ones and are known for their two alternatives: “up” / “down” or ”put” / “call”. This means that after choosing a certain asset (gold, currencies, commodities etc) and analyzing the market, you can decide to “call”, if you think the price is going to rise or “put”, if you think it is going to finish below the entry price. This type of trading is probably the most simple: all you have to do is say whether the digital option will increase or decrease its price by the end of the trading session. You can also pick different expiry periods, such as 60 seconds, 15 minutes, 1 hour and so on. If you do not have enough experience or time to keep an eye on the market constantly, you should read binary options robot review and select an automated piece of software to trade on your behalf.
60 second options
This type is exclusively related to the expiry period chosen by the trader, which lasts exactly 1 minute. The method has become more and more popular lately, since it gives users the possibility of placing several trades on a single asset, if the market seems to be favorable. For instance, if a currency is on an upward slope for a long time, you can take advantage of this and trade successively, to maximize your profit. The strategy is perfect for those who like to speculate sudden market movements.
This method is rather innovative and includes three main possibilities: touch, not touch and double touch. What makes it special is that it comes with predefined rates that help the trader win, rather than simple predictions on the variable value of assets. The user has to predict if the price will reach a certain limit (touch) or will not (no touch), and that limit can be either above or below the initial value.