Binary trading including binary betting and binary options is gaining a lot of popularity all around the world and is fast becoming the most popular financial trading instrument in the United States. The reason binary trading gained so much fame in so little time is that it provides a lot of flexibility to its customers. The best features of tools for trading binary options are that they can be traded against diverse types of assets. Therefore, the customers of conventional stock trading are now moving towards binary betting because of the flexibility of the trading platform.
The traders of binary trading are given the option of diversifying their portfolio by investing not only in stocks. But they can also at the same time, place their bets against the money market, indexes, and commodities such as gold, oil, etc. Thus, a trader of binary options can make lucrative profits from many options at the same time by gaining exposure to different markets and gaining experience in investing in different markets by dabbling in only one.
Moreover, the time period of binary trades is usually small thus customers can switch to their preferred options according to their requirements, and their desired returns and feasible methods. Thus, binary betting does not build up stringent boundaries for its customers to follow but instead provides them with much desired felicity even while providing them with profits. The four different types of markets where binary betting can be utilized are discussed below:
1. Currency Market: The currency market or the FOREX is where binary bets and binary options can be placed against currencies. Trades are placed on the activities (up, down, stagnation) of prices in different currencies. The binary bets/options in currency markets can be weekly as well as spot. Some weekly and spot options made available to the customers include etc.
2. Commodities: Binary bets / Binary Options can also be placed against the official completion point of the pertinent futures agreement for a particular commodity in the nearest liquid month. This settlement is done on a daily basis. The commodities against which binary bets can be placed are Light Crude Oil, Gold, and Silver.
3. Indices: Binary bets or options can also be placed on the future direction of the major Indices Bets are placed against the movement of index away from or toward a particular index level at the closing time of the market.
4. Stocks and Shares: Binary bets and or options can also be placed against stocks and Shares of various companies. Trades are placed again on the future direction of an individual Share or stock.
Other than these options some special options are also available to customers to place their trades / bets against FTSE, Germany 30 and Wall Street indexes. The nature of these bets is short term that is it ranges from 5 to 20-minute time.