When they were first launched to the retail market, digital binary options offered a simple higher or lower option type. This was a typical ‘Call or Put Option’ whereby the idea is to predict if the market will finish higher or lower than the entry point at the options expiry time.
However as the industry has rapidly expanded, so to have the range of options on offer to traders. binary options brokers have been quick to seize upon the momentum and have introduced a wide variety of additional options that can be used to profit from a range of market conditions.
The most popular of these are the One Touch options. These payout if you can successfully forecast a level that will be ‘touched’ in the market before expiry. They can be run over short time periods, from one to two hours or, as is with some brokers, are offered as a weekly trade that you can take on your account.
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