Slide #4 : Binary Options Trading.
There are several things you will need to find out about your binary options trading platform. An important one would be the types of assets available underlying the options. Some binary options trading platforms offer options based upon underlying individual stocks, while others cover commodities (such as Gold, Crude Oil, Natural Gas, Corn, binary option broker etc.), Forex, and popular stock market indexes like the S&P 500.
Another trading consideration is whether the binary options contracts are locked until expiration, forex or if they are tradable. If you are able to trade them prior to expiration, binary option strategy then you will have more flexibility to lock in a profit or take a loss if something changes your mind about the direction of the underlying asset.
The strikes offered are also important. Some binary options trading platforms only offer at-the-money strikes, while others also offer strikes that are in-the-money and out-of-the-money. Depending on whether in-the-money and out-of-the-money strikes are offered, strategies beyond simple bullish/bearish bets can be employed, such as a straddle.
There are several things you will need to find out about your binary options trading platform. An important one would be the types of assets available underlying the options. Some binary options trading platforms offer options based upon underlying individual stocks, while others cover commodities (such as Gold, Crude Oil, Natural Gas, Corn, binary option broker etc.), Forex, and popular stock market indexes like the S&P 500.
Another trading consideration is whether the binary options contracts are locked until expiration, forex or if they are tradable. If you are able to trade them prior to expiration, binary option strategy then you will have more flexibility to lock in a profit or take a loss if something changes your mind about the direction of the underlying asset.
The strikes offered are also important. Some binary options trading platforms only offer at-the-money strikes, while others also offer strikes that are in-the-money and out-of-the-money. Depending on whether in-the-money and out-of-the-money strikes are offered, strategies beyond simple bullish/bearish bets can be employed, such as a straddle.