How to Set Up a Trade?
(We continuously discuss this topic in our Telegram Group, join it t.me/BOproFAQ )
The ability to trade the different types of binary options can be achieved by understanding certain concepts such as strike price or price barrier, settlement, and expiration date. All trades have dates at which they expire.
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When the trade expires, the behaviour of the price action according to the type selected will determine if it’s in profit (in the money) or in a loss position (out-of-the-money). In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes. We will see the application of price targets when we explain the different types.
There are three types of trades. Each of these has different variations. These are:
High/Low
In/Out
Touch/No Touch
Let us take them one after the other. Stay Tunned.
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