This is a relatively new option type, the terms of which are similar to the classic binary options, also referred to as above-below or Hi-Low. In fact, the only difference is that the financial assets available for this type of trading with binary option are synthetically created financial assets.
For example, while using binary options, the deals are made with the condition of increase or decrease in the price of a particular trading instrument (stock, index, commodity or currency pair), but in trading with the paired options, the condition is the price of which of the two specified assets for a certain period of time will be higher or lower. In other words, there is a certain comparison of the price of two assets, which determines the average price (the sum of the two quotations divided by two).
Thus, even more financial assets have become available for binary options trading. In this case, trading suggests the paired comparison of the price of stock, commodities, indices and currency pairs, as well as various combinations of these groups of the stock instruments: stock/index, currency pair/commodity and other combinations.
Attention: these assets are the most unpredictable in trading. If the behavior of one of the trading instrument can be forecasted to some extent via the use of technical analysis, news and other similar data, the relative behavior of several trading tools is actually not subject to any analysis.
If you want to get acquainted with the brokers that offer paired options for trading, you can do it in binary options brokers rating we have compiled.