Do you need to know what your choices are when it comes to what 24option binary option types you can find? You have come to the right place.
24option offers four versatile binary option types that can help you make money with binary options.
24option offers four option types:
High / low options are the classic binary option type. With high / low options, you need to predict whether an asset’s price will rise or fall over a given period of time. 24Option offers high / low options for stocks, indices, commodities, and currencies, always providing a high payout of up to 90%
One touch are the riskiest type of binary option 24option offers, but also provide the highest payouts of up to 500%. With one touch options, you not only have to predict which direction the price will move in, but also how far it will move.
You will win your option if the asset reaches a predefined price level in the direction you predicted. The advantage of touch options is that you will even win your option if the asset reaches the target price just once. The price does not have to remain at this level until your option expires.
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Boundary options work like one touch options with a target price in both directions. Both target prices are equally far from the current market price, creating a corridor the asset has to leave for you to win your binary option.
Winning a boundary option is easier than a touch option, which is reflected by its lower payout of around 200 – 300%. Boundary options are perfect to invest in situations when you expect a strong movement but are unsure which direction it will go in.
60 seconds options are a special form of high / low options. With 60 seconds options you too have to predict whether the market will rise or fall over a given period of time, but the time frame is much shorter than with regular high / low options. 60 seconds options use an expiration time of only 60 seconds. This makes them perfect for trading short time frames.
Ideally, you would use 60 seconds options to profit from strong, quick movements. You could, for example, invest in a 60 seconds option when a trend on a 15-minute or 30-minute chart creates a breakout. Similarly, you could invest in a swing in a 60 second price chart.