Types of Binary Options

Binary options are a popular financial instrument that allows traders to speculate on the price movement of underlying assets. There are several types of binary options available in the market, including:

High/Low Options: High/Low options are the most common type of binary options. Traders need to predict whether the price of an asset will be higher or lower than the current price at the time of expiration. If the prediction is correct, the trader earns a fixed payout, and if the prediction is wrong, the trader loses the invested amount.

One-Touch Options: One-Touch options require traders to predict whether the price of an asset will touch a specific price level or not before the expiration time. If the price touches the predetermined level, the trader earns a fixed payout, and if not, the trader loses the invested amount.

No-Touch Options: No-Touch options require traders to predict that the price of an asset will not touch a specific price level before the expiration time. If the price does not touch the predetermined level, the trader earns a fixed payout, and if it does, the trader loses the invested amount.

Range/Boundary Options: Range/Boundary options require traders to predict whether the price of an asset will stay within or go beyond a predetermined range before the expiration time. If the price stays within the predetermined range, the trader earns a fixed payout, and if it goes beyond the range, the trader loses the invested amount.

60-Second Options: 60-Second options are a type of high/low options that have a very short expiration time of just 60 seconds. Traders need to predict whether the price of an asset will be higher or lower than the current price at the time of expiration.

In conclusion, binary options trading offers several types of options, each with its own unique characteristics and payout structure. Traders should carefully consider their trading strategy and risk management before entering the market.