The Various Types of Binary Options:

Binary Trading has got enough popularity because of the lucrative returns it promises to the users. However, still, people have their hesitation to enter this profiteering field and en-cash the money making opportunities. For those who think that they lack the required knowledge about this field, we have bought up the knowledge regarding the "options" used for binary trading.

There are many types of binary trading options available that might confuse the traders. No matter whether you are a newbie or a proficient trader at times these many types may make the decision making a little tough. A trader needs to choose the options depending upon the prevailing market conditions. Hence it becomes essential for a trader to know about each and every option clearly and then invest wisely in the best option. 23trader tutorials is an online portal that offers you all the essential information about binary options trading. Here is a detailed report on different types of options for your knowledge:

Digital Option: This trading type is referred to as call/put option or up/down option. The trader in this type may opt for a call or put options as per the market conditions. If a trader thinks that the price may go higher than the entry price then he must invest in the call option and if the price will fall below the entry price than the put option.

The trader does not need to be available for this trade always. Once the option is purchased you get a mail for confirmation and then the trade keeps on going automatically. The lock-in period of this option may vary from 60 seconds to one day to one week to months and so on.

Touch Option: Here you get the predefined rates instead of the choice of trader predicting the price of the option. The options may be touch, no touch or double touch. The trader can opt for the touch or not touch. The option may go below or beyond the level. The option is purchased in the weekend after the market closes. It trades during the week and on the next Monday, the result is decided based on the level of the option.

No touch pays when the trader does not reach the defined level and double touch offers the option to choose two levels.

60 Seconds option: This is a highly popular trading method these days. It gives you the chance to reap the maximum benefit by trading in the profiteering option after every 60 seconds till the time options start showing downfall.

Boundary Options: It is also known as range option or tunnel option and is a lot like the touch option. In this method, the trader has to decide two levels namely upper and lower level. The option reaps benefits if it stays within the levels.

It is up to the trader’s usability and comfort that what type of option he aims to pursue. You can choose the best option depending on the market conditions and reap the best profits. The choice varies as per the needs and wants and the investing power of the trader.