For those interested in trading Forex binary options, an extremely easy-to-use website, 24option.com offers binary option trading for many indices, major international commodities and stocks.
Those that are new to binary trading, we will begin with a brief introduction in the world of Forex binary options.
A binary option is briefly described as an all-or-nothing trade. In traditional market trading, assets are bought and sold, each of the sales incrementally earning the trader an amount of money equal to the difference between the purchase and sale price.
In a binary option, rather than earnings based on the amount of movement of an asset, earnings are reaped on the direction of movement. Instead of owning an asset and selling it to make money, the purchaser reserves the right, with an investment, to a fixed return amount based on the performance of an asset.
In short, if you bet that an asset will improve and it does, you earn a flat amount, regardless of amount of improvement. At 24option.com, up to an 85% return can be earned from a single successful trade option. If you invest $100, a successful option earns you $185! That’s a great investment!
Types of Binary Options
24option.com offers three unique types of binary option trades. We will briefly discuss each type and how to use each.
In a high/low option the purchaser is betting on whether a specified asset will achieve a higher or lower price than the target.
In a high option trade, you are betting that at the end of the specified duration the chosen asset will be higher than the target price.
In a low option trade, the converse is true. You are betting that the current price of the asset will be lower than the target price at the end of the option duration.
A one touch option requires that the purchaser decide whether a given asset will touch or no touch a target threshold over the option duration.
A touch option declares that the purchaser believes that the asset will at least touch the target price at least once for a payout to be given.
In a no touch option, the purchaser declares that the asset won’t touch the target price for the option duration. If the asset never reaches the target a payout will be given in this scenario.
A boundary option trade implies that the price of a given asset will remain within a range of two prices by the end of the option duration.
An in boundary option pays a fixed amount to the purchaser should the given asset stay within a range of upper and lower limits at the end of the period.
An out boundary option pays a fixed amount to the purchaser if by the end of the option duration the price has fallen outside of either the upper or lower limit of the target range.
24option.com offers a wide range of assets listed on the asset table of the website. The website also plans to offer more assets in the future. With an already robust table of assets and more assets on the way, this website is a very compelling place to trade for options.
The current list of assets available is:
- Nasdaq Composite
- Dow Jones
- Australian Dollar-USD
- USD-Canadian Dollar
- British Petroleum PLC (BP)
- Barclays PLC
- Telefonica SA
- Apple Inc
- Google Inc
Many brokers offering binary options do not come with such a variety of trade-able stocks. What this list means is that you can purchase binary options on the performance of the AUD-USD currency pair along with the options against Google Inc. Using a broker is likely to be more limiting and expensive- no broker is willing to offer an 85% return on investment, either.
With such wide variety of assets available for trade, each with its own contract details and trading hours, one is sure to find the right binary option suited for heavy returns.
24option.com is easily considered one of the best ways to trade binary options. Cutting out having to pay a broker to make binary option trades means that you, as the investor, sees higher returns on successful binary options. Not to mention the wide variety of assets available for investment means that you are not confined to one type of asset.
Hop on 24option.com, sign up for an account, it’s fast and easy, and start trading binary options at up to an 85% return!