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The common types of binary options schemes include:
1. High/ low (Up/ Down) Options. In this option, traders predict f the asset’s price will be higher or lower than the strike price at expiration. This is the simplest type suitable for beginners.
2. Touch/ No Touch Options. In this option, the traders predict whether the price will touch a specific price level before expiration. Touch means the price must reach the target price at any pint during the option’s lifespan, while No Touch means the price must not reach the target price before expiry.
3. In / Out Options. It is also known as range options. Traders predict whether the price will stay inside or break outside a predefined price range before expiration.
4. On Touch Option. This is a variation of the touch option with a longer expiry time. The price only needs to touch the target price once during the option’s duration.
5. Double One Touch. In this type, there are two trigger levels. If either trigger price is reached during the expiration period, the trade is successful.
6. Double No Touch. In this option, the traders choose two strike prices and bet that the price will not touch either of them.
7. Ladder Options. These introduce multiple price levels. The trader predicts whether the price will be above or below a specific level at expiry, with each higher or lower level offering a higher payout.
8. Pair Options. These options involve comparing the performance of two assets. Traders predict which asset will perform better at expiry.
9. 60-Second Options. These are extremely short term options that expire in 0 seconds, offering rapid result.
So, if you want to learn trading, it is better for you to master these types of binary option schemes. These options need constant monitoring, so if you want to reach your financial goals, then mastery of the types of binary schemes are the keys for you to succeed and win.
1. High/ low (Up/ Down) Options. In this option, traders predict f the asset’s price will be higher or lower than the strike price at expiration. This is the simplest type suitable for beginners.
2. Touch/ No Touch Options. In this option, the traders predict whether the price will touch a specific price level before expiration. Touch means the price must reach the target price at any pint during the option’s lifespan, while No Touch means the price must not reach the target price before expiry.
3. In / Out Options. It is also known as range options. Traders predict whether the price will stay inside or break outside a predefined price range before expiration.
4. On Touch Option. This is a variation of the touch option with a longer expiry time. The price only needs to touch the target price once during the option’s duration.
5. Double One Touch. In this type, there are two trigger levels. If either trigger price is reached during the expiration period, the trade is successful.
6. Double No Touch. In this option, the traders choose two strike prices and bet that the price will not touch either of them.
7. Ladder Options. These introduce multiple price levels. The trader predicts whether the price will be above or below a specific level at expiry, with each higher or lower level offering a higher payout.
8. Pair Options. These options involve comparing the performance of two assets. Traders predict which asset will perform better at expiry.
9. 60-Second Options. These are extremely short term options that expire in 0 seconds, offering rapid result.
So, if you want to learn trading, it is better for you to master these types of binary option schemes. These options need constant monitoring, so if you want to reach your financial goals, then mastery of the types of binary schemes are the keys for you to succeed and win.