1. Binary Option Types

Question 1

How do Touch options work?

Answer 1

Define a target price that the market has to reach before the option expires

Question 2

How do No Touch options work?

Answer 2

They predict the market will not reach a certain price before the option expires

Question 3

What payout to high/low options provide?

Answer 3

50-100%

Question 4

What do touch options payout?

Answer 4

250-400%

Question 5

How do boundary options work?

Answer 5

Use 2 different price targets, one above and one below current market price, both targets are equal in distance, to win the current market price must exceed the boundary

Question 6

Why would you use boundary options?

Answer 6

Boundary options are ideal if you are expecting a strong price movement, but are not sure which direction the movement will be in

Question 7

What are High/Low Options?

Answer 7

High/Low options predict whether the market will be higher or lower after a certain time