The demand for new binary options strategies has developed from both the increase in the number of binary options traders and the high quality of the binary options trading platforms that are now available on the market. Therefore, this comprehensive guide of binary options strategies shall provide you with the base for trading binary options with enough strategies to tackle turbulent market situations.
Purchase a Binary Option
The simplest of all strategies is to purchase a binary option. There are a number of binary options assets that you have the choice of purchasing. These include stocks, indices, forex and commodities. On each of these you can either employ a Call (if you think that the binary option will be higher than the strike price at the expiry time) or Put (if you think that the binary option will be lower than the strike price at the expiry time). You also have the option of selecting hourly, daily, weekly or monthly expiry times on your binary options from the beginning. Therefore, depending on the market circumstances affecting the particular asset, you can choose the binary option strategy that suits your trading needs.
Pick a Call and Put
The binary option strategy of selecting both Call and Put options almost simultaneously can be very tricky. But in order to widen your choices of binary options strategies, it can turn out to be a decisive strategy. It is often adopted when you think that your trade will lose or expire out of the money prior to the expiry time. The goal is to minimize losses, and this binary option strategy can become more attractive, especially as the market conditions get volatile. Additionally, with the fact that even if your initial trade expires out of the money, you are entitled to 15% return or even more, then your overall losses will be at a minimum.
Double Your Money
If you do not have much experience with binary options trading, then maybe this binary options strategy is far-fetched. But if you already have experience trading binary options, then you can put the double your money by putting this binary options strategy into practice. This is one of the most popular trading options amongst intermediate and professional binary options traders. For example, you purchase one $100 Call option on the Nasdaq at 2333. If you see that the trade is is winning, then purchasing another Call option may be an attractive option. The upside of this binary option strategy is that you can add to the large profits of your original investment. If this is done consistently, then you can make thousands of dollars per month.
Playing it Safe
Playing it safe is one of the most significant binary options trading strategies. If you want to understand this binary options strategy inside out, then you need to read the following carefully. Sometimes when the markets are volatile and you see an opportunity to make some nice profits from your favorite binary options assets, you may be swayed to throw a large portion of your money into a trade or 2. But you need to think logically all the time whilst trading binary options. We all want to make money, but the most effective way is being consistent. Therefore, over time, your aim should be to make moderate profits and minimal losses.
All of the binary options trading strategies, including this one will help you become a professional binary options trader in no time. When you question your trading just read this binary options strategy guide. This will ensure that you will have the basic knowledge to keep confident in the most difficult market situations.