24option offers four basic types of assets: Currencies, commodities, stocks, and indices. For a trader, the biggest difference between different asset types are their different trading times. Also, currencies are traded in pairs, which makes currencies a unique asset with fundamentally different trading properties.
Let us take a look at each of 24option’s assets individually:
Stocks are the classic asset type to be invested in with binary options. To invest in stocks, you can choose from four different binary option types:
With these four option types, 24option allows you to invest in a wide array of stocks from all over the world:
You can invest in binary options based on a stock while its home market is open for trading.
...that you can easily see how good this broker is compared to other brokers?
Check out the best binary options brokers.
Currencies are fundamentally different binary options than stocks. Currencies are traded in pairs. This means you do not have to predict whether a single stock will rise or fall over a given period of time, but which of two stocks will outperform the other.
Combine this premise with 24option’s four different option types, and you get an endless array of possibilities. Investing in a boundary option based on currencies, for example, means that you would have to predict whether both currencies in a pair will perform similarly or differently. When you predict that one currency will outperform the other significantly, a boundary option is the ideal option type to achieve a high payout with this prediction.
Currencies are traded continuously throughout the week from Monday to Friday.
Commodities are a cross between stocks and currencies: The feature the basic characteristics of stocks but are traded as long as continuously as currencies.
For binary option investments, indices are almost identical to stocks. They feature the same trading times and the same basic characteristics.