The great popularity of option trading has led to the emergence of new ways of binary options. RANGE оptions are designed to meet the shopping needs of traders that are practicing channel ways of trading. No matter how cunning and unpredictable the financial market can be, the behavior of asset has its legitimate features. 75% of the time the price is in consolidation channels, and it is moving along the channels predicted in advance. Just from this position the creators of this type of option approached to this kind of options, prescribing the ability to lock in the profits in trading terminals. Now the channel trading is available for sale for traders who work at the market of binary options.
The main feature of the RANGE option is that a player can make profit if he properly indicates the probable price in the price channel or outside the boundaries of the price channel in the charts of the asset.
When buying a RANGE option the trader sees three price levels:
- The first level: they point where the price is at the moment;
- The second level: the upper limit of the price channel;
- The third level: the lower border of the price channel.
In this case, the option "in range" will be able to make profit if the price remains within the boundaries of the range set by the upper and lower price levels at the time of the expiration. The option "out-range" will be profitable if the price is outside this range at the time of the transaction expiry. Range options are most often used before the release of important news events in the world economy, that is, in the strategies of trading on the news.
In addition, RANGE options are well used in the methods of channel trading on the rebound or the breakdown of the price channel.
This is a very attractive type of binary options trading, as Range options are able to bring up to 81% of the profits for 1 deal.
As you can see, it's pretty simple and, at the same time, quite profitable. At the moment, a large number of traders uses this type of options. They are building their own trading strategies in binary options trading with this kind of options, as well as trading with the already well-known methods.
You can get acquainted with the brokerage companies that offer the most favorable Range options if you click here.
Also, you can choose a profitable trading strategy for RANGE binary options in the category trading strategies of our online resource.