The article covers the different types of binary stock options, currencies and commodity assets and varieties which are offered by 24option.
There are various types of binary options that are available for trading at 24 Option.com. These are:
High or Low Binary Options: A high binary option is one which offers a fixed return or payout in case the market exceeds the chosen point for a high amount of binary at expiration. A low binary option offers a fixed return in case the market trades below the affixed low point at the specified date and time of expiration of the option.
One or No Touch Binary Options: A one touch binary option is one where the client receives a payout if they believe that the market is about to trade at or Touch the chosen Touch level at any time before the date and time of expiration of the option. A no touch option gets a payout if they believe that the market will not touch the desired date and time of expiration of the option.
In or Out Boundary Binary Options: In case of a boundary binary option, the client is provided with a fixed return in case the market is closed between the boundary which is defined by the lower and upper target prices on the selected date and time of expiration of the option. With an out boundary option, the client is provided with a fixed return if the market closes outside the extent which has been defined by the lower and upper target prices on the chosen date and time of expiration of the option.
Traders with funded and registered options at 24Options.com can immediately purchase and liquidate the binary options in the ideal trading hours.
Types of Underlying Assets
24Option.com offers binary options on different types of assets which may interest the traders of commodity and financial markets. The Asset Index of 24Option.com mentions what these types are:
Indexes: FTSE-100, DAX-30, Dow Jones, Nasdaq Composite, IBEX- 35
Commodities: Gold, Silver
Currencies: Euro-Dollar, Pound-Dollar, Euro-Japanese Yen, Dollar-Japanese Yen, Pound-Japanese Yen, Pound-Euro
Euro-Pound, Australian Dollar-USD, USD-Canadian Dollar
Stocks: Vodafone, Lloyds, British Petroleum PLC (BP), Barclays PLC, Google Inc, Apple Inc, Telefonica SA
Every specific variety of asset on which the binary options are offered at 24Option.com has its own specific type of contract details and trading hours.
FTSE-100 LSE INDEX
Asset short name: FTSE
Morningstar symbol: UKX.In
Description: FTSE 100 comprises a stock index which is weighted by the capitalization of the market and one that represents the performance of the top 100 blue chip companies of the UK. Every company in the index is tested through a rigorous process of screening for determining the liquidity and size of the company for qualifying for being included in the index.
Representing over 85% of the market capitalization of the country, it comprises the underlying asset for different investment products like ETF or exchange traded funds, derivatives and funds. The FTSE also accounts for about 8% of the global equity market capitalization on the basis of the FTSE All World Index, presently through May 2010. The constituents of FTSE are traded on the SETS or Stock Exchange Electronic Trading Sets of the LSE.
Binary trading opportunity: In or out binary option trading strategy may be considered for trading the stock index, depending on what your market view is.
Trading Hours for the FTSE 100 (GMT): Mon - Fri 08:00 - 16:30
Asset short name: Gold
Morningstar symbol: XAUUSDOCOMP.fx
Description: The price of a gold ounce as is traded in the forex OTC market. Recently, the price of gold has hit an all-time high despite the global financial crisis. It is the perfect underlying asset for trading binary options.
Binary trading opportunity: While a single touch binary option may be likely to wind up the money, any strategy might produce results if timed with gold as the underlying asset.
Trading Hours for the FTSE 100 (GMT): Mon - Fri 08:00 - 22:00
Roundup of 24Options.com
The types of binary options and underlying asset as offered by 24Options.com is positive and this includes the types of pairs that offer a special opportunity for forex traders who use binary options for avoiding loss orders. With time, the binary option product range will be increased to make the scope of account creation attractive.