Binary Option Betting

Making money with binary betting is quiet simple and easy. Trader just picks the asset and predicts the direction. Your trade is said to be “in the money”, if your prediction is correct else your trade is said to be “out of money”, if your prediction goes wrong. There are various types of binary betting as described below:

Above-Below binary bet

Above below binary betting is also known as high-low or cash-or-nothing bet. It is the simplest type of binary bet. As a trader you just have to choose whether the underlying asset will move above or below the selected strike price. If you think it will go up then you buy “Call” option or if you think it will go down then you buy “Put” option. Above-below binary bet expires in the money when you correctly predict that the price of underlying asset will move up or down the predetermined strike price.

Touch Binary bet

Touch binary bet can again be classified in various sections. When you predict that an underlying asset will touch the specific strike price before expiry then it is called One Touch binary bet. Whereas if you predict that underlying asset will not touch the specific strike price before expiry then it is called NO Touch binary bet.

Range Binary Bet

Range binary bet is also known as boundary bet. It is one of the interesting binary betting techniques. While making range binary bet, you will need to choose two boundary prices of an underlying asset. These boundaries are upper boundary and lower boundary. Now you choose whether asset price will remain inside the boundaries or will move out of the boundaries. This is an efficient way to trade volatility in market. If you think market is non-volatile or range bound, then you can choose a asset and predicts that asset price will fall within that boundary. If you think that market is volatile, you can predict that asset price will move out of that boundary.