There are several binary options types available for trading as we learnt during the TradingArena review. This is a good thing since some traders require somewhat different approach to their portfolio management and trading needs.
With TradingArena, available binary options are
High/low option – the traditional binary option type everyone loves
OneTouch – the high yield, riskier binary option type that requires traders to set the predicted price to a level that price must touch until the expiry time. These binary options can get customers up to 250% profit.
ProOption is a way to design one own trading rules by directly setting up some of the important parameters of trading. Traders can set the risk-reward tradeoff to the level that suits them. With ProOption traders also get more advanced charting and analysis tools.
Turbo Options – or as we call them 60 seconds options, are also present. TradingArena supports expiry times of 60, 90 and 120 seconds.
Touch-NoTouch are also featured for traders who prefer this kind of band trading. The idea is for traders to figure out price levels the asset may touch or not touch, instead of the direction of the asset.
TradingArena also has a series of risk management tools that everyone knows well:
- Rollover – delay expiry for 30% more investment
- Double Up – increase exposure if the trade looks as if it would end in the money
- Buyout – end the contract early by giving up a part of the investment
With TradingArena, there is an average asset list – 12 forex pairs, 17 stocks, 8 commodities and 16 indices. Other tools we discovered during the TradingArena review were the list of market indicators and Economic Calendar.