There is an increase of platforms in the market which now offer binary options. This has been attributed to a rise in the number of options traders a factor which has paved the way for a new binary options strategy every now and then. As a binary trader, there are various options strategies that you can use to handle the shaky market situations. Therefore as an options trader, there are several strategies that you can use to help you tackle the turbulent market situations.
A simple binary options strategy to use for trading options is “purchasing a binary option”. There are several binary options assets that you can trade with and these include indices, forex, commodities and stocks. On all these assets, there are many binary options strategies that you can employ and this could be a put or a call. The call binary options strategy is ideal when you anticipate the option price may be higher than its strike price during the time of its expiry. The same applies to the put option which is a binary options strategy that is ideal to use when the binary option may be low at the expiry time than its strike price. In addition to these binary options strategies, you can also select the expiry times to what suits your commodities best and this can be hourly, daily, weekly or monthly.
You can also use the “put and call option” binary options strategy simultaneously. However decisive this binary options strategy is, it can be quite tricky. This binary options strategy is usually adopted whenever you are anticipating your trade to expire out of the money before the set expiry time. This binary options strategy is ideal because it helps to minimize losses and it can also be helpful when the market conditions become volatile.
“Double your money” strategy is another binary options strategy that you can use in trading options. Because of the complexity of this strategy, one needs to have had enough experience in options trading. In this binary options strategy you can purchase the call option twice if your trading is looking up. This binary options strategy allows you to make a lot of money if done consistently.
Another binary options strategy that can be employed in options trading is “playing it safe.” Sometimes there are so many opportunities within the market that traders can enjoy. However, even as you make your investments in whichever option that you find lucrative, you have to think logically every time. This will help you to make moderate profits and losses alike.