There are various types of binary options. As a beginner, the different types of binaries can be confusing to differentiate. It is very important to know the different types of binary options, so you can choose from them whichever of the binary options types that are suitable for you, as well as choose the one that would be more profitable for you. The different binary options types include;
- High Low Options
This is the most common type of binary options in the binary options industry. In this type of binary
options, you place a trade determining if an asset price would go higher or lower than the price picked as of the time of placing the trade within a particular timeframe. It is the most common type of binary options trading
- One Touch Options
One touch Options are based on the probability that an asset price reaches a defined price within a certain time. This type of binary options is simply placing a trade that an asset price would touch a defined price level at least once within a certain timeframe.
- Boundary/Range Options
This binary options type involves choosing if the price of an asset will go up or down within a given range/boundary which will close within or outside the predefined range.
- Spread Options
This binary options type is determining if the price of an asset would be above or below the price level offered by the company at expiry.
- 60 Seconds Binary Options
Just like the name, this type of binary options is simply determining if the price of an asset would go up or down within a 60 seconds time frame.
- Long Term Binary Options
This is binary options trading type designed for trades to last a very long period which includes hours, days, weeks and months.