Types of Binary Options
Varieties of stock exchange speculation are countless but we will focus on the most interesting of them, in our opinion, and often encountered in practice.
Everyone knows that Binary Options are no longer a primitive mechanism of trade which we’ve seen in the beginning of the birth of industry.
Over the past couple of years Binary Options industry has grown significantly and became quite advanced in technical terms.
Now it is not represented by a pair of intractable brokers with their primitive sites, but by dozens of experienced brokers in each region of the world, a large amount of information, trading signals, trading community and much more.
In short, the industry is actively developing and it is the best argument in favor of convenience, simplicity and profitability of Binary Options.
Now we will focus on the most common types of Binary Options – what each of them is meant for, what its pros and cons are, and then you will decide what tools to use and what not.
Classic Binary Options
This is, if we may say so, the founding father of all other types of Binary Options. It is thanks to the classical Binary Options we have the pleasure to work with such excellent tools as One Touch and 60 seconds, not to mention the Designer, but more on that later.
Speaking of Binary Options we often imagine the classic Binary Option respectively, and the main advantages of this type of option are: simplicity, high profitability, a large selection of assets for trading and the ability to choose option deadlines from 15 minutes to several years.
Thanks to 60 seconds options traders have the opportunity to use scalping, which has been actively used earlier by traders for a small profit by opening and closing a large number of positions, while earning a small amount per transaction.
Thanks to 60 seconds options the same can be made trading Binary Options. The only difference is that in the 60 seconds options the duration of the position is fixed (as you already understood from the title, each position you open is automatically closed after 60 seconds), and the yield is much higher than the growth in the usual stock market scalping. When scalping on Binary Options with lucrative option you can always earn 70% of the investment which is quite well, isn’t it?
There are many cases when using the Binary Options scalping traders make a great fortune.
If you are a trader with your own personal opinion, your own character, your own special style of trading, Option Designer will win your sympathy.
It is thanks to Option Designer you can create the necessary options with the required data, starting with the expiration time of the option, from 10 minutes to several years, and ending with a yield of the option, which can vary from 25% to 85%.
Option Designer is a kind of simulator for the trader who is looking for a suitable strategy or wants to test his theory.
By the way Option Designer is the second most popular tool after the classic Binary Options among traders, so we recommend you not to be afraid of trying yourself in working with Option Designer, you will not regret it!
This tool is quite exotic in our opinion and is focused on the fans to engage in trade over the weekend, and connoisseurs of option trading in its classic sense.
In other words, the One Touch option is an option with pre-existing conditions and the expected results. All you can do is agree to the terms by placing investments – actually this kind of option is called One Touch for this feature.
If you are the adventurous type, don’t mind making predictions and love trading on days off, One Touch is waiting for you.
We believe that every one of you will select the most appropriate type of Binary Options after reading this article. Try yourself in!
That’s all for now. Got any questions? Just ask the expert!