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Knowledgebase: Binary options terms
One Touch
Posted by Lydia .A on 09 December 2015 05:54 PM
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One Touch Binary Option is a unique tool which is highly popular among Binary Option traders. If you are looking for a trading option to work with 7 days a week, One Touch options are all you need. These options can be traded when the major markets are closed.
An attractive characteristic of this type of options is the huge payouts they provide. If you predict correctly and the price of the asset touches the goal rate at the time of termination, your trade will end “in the money” and you will be paid out the predetermined payout, generally between 250-400%.
Let us look at an example:
If EUR/USD closes at 1.37230 on Friday, then you will have two options: one option will be for a Call, meaning that EUR/USD will rise and reach 1.38130 at least once in the following week, and the other for a Put, meaning that it will fall to 1.32130 at least once in the following week. All you need to do is to select the direction that you think the asset will move, enter your investment amount and then wait for the trade to strike the target price one time throughout the life of the trade. If your prediction is correct, you will be paid out.
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