|Binary Option Types of Trading|
Brokers will offer you an extensive range of digital Binary options trade types, and you are able to choose whatever that suits your trading strategy the best.
You would choose "Call" option if you guess that the asset is going to result in higher position than the current level when it expires. If you think that the asset is going to be lower than the current level when it expires, your will go for a "Put" option. A great number of brokers offer this kind of option on an hourly or end-of-day basis. Interesting news is that more and more brokers are now offering trade with shorter time periods.
The asset and the yield offered by the brokers determines the amount of payout you earn for profitable trades. Usually, traders can expect a return more than 70% up to around 90% for these option types.
The amount of payout is determined depending the asset price reaching the target price set or not when placing the contract. If it touches the level then the trader is going to get the agreed return. If not, then there is no gain. These option forms are usually available on a daily basis. Some brokers are providing their traders with weekend one touch options as well. But most of the time, the broker will set the target distance provided in the contract.
You will see the similarity in returns provided for these options and that of the High/ Low contract, although you will have the chance to gain up to 700% with some of the weekend contracts.
The best time to utilize the range trade is when you see that volatility is low and you believe you can earn money from movement in the asset's price that is rather quiet. Other than trading the asset price in order to remain within the range, you are able to have the chance to make money from the asset's price going beyond a set range. Similar to the Touch contract, this is taking place on the predicted volatility of asset's price movement.