Binary trading is a simple and profitable form of online investment that requires the application of a new binary options strategy every now and then. The application of different binary strategies substantially helps to increase a trader’s chances of success whenever he is trading binary options.
The following are advanced binary options strategies;-
- The Double up strategy
The double up binary options strategy is very straightforward yet profitable compared to other binary strategies. The basis of strategy is that your initial investment in any option you decide on should perform to a standard that will double up the initial investment. Nevertheless, you need to rely on both technical and fundamental analysis to trade and make further investments especially when the prices seem to rise. This binary options strategy certainly requires advanced knowledge on the marketplace and the risks involved. On the other hand this binary options strategy has rewards which can certainly justify the risks undertaken in options trading.
- The Straddle
This is a complicated binary options strategy that traders take a while to master. This strategy works by purchasing both Puts and Call options on an individual underlying asset. The idea behind this binary options strategy is that a trader will straddles this asset at high and low points as well creating an opportunity where one option may double his success if expiry occurs between these two points. Using this binary options strategy guarantees that you will gain profit from one option minimizing the loss of the other option. While using this binary option strategy, you should put an initial investment on the option that has a longer expiry in order to watch how it will establish itself. Once you are comfortable with this, you can later on proceed to make a second purchase.
- The Market Pull Strategy
This is also a basic binary options strategy that works only when research within the marketplace has been properly done. While using this binary options strategy, the trader needs to study different factors that affect various assets and along with this have knowledge on the economic calendar. While accessing the calendar is quite simple, you need to know the best time to put a Pull or Call option. In addition to this, you should be very keen on current events while using this binary options strategy. With the knowledge of how an asset moves or reacts to outside stimuli, this binary options strategy may certainly form a core for successful trading strategy.