TUTORIAL ABOUT TRADING THE PRICE OF GOLD WITH A 'TOUCH TRADE'

SAT 31 DECEMBER 2016 BY KEENAN MISC

If you want to benefit from the swings in the gold market, there are hardly any better ways to do it than with a binary option. With a one-touch trade, the only thing to win is that the asset hits the 1-touch price.

You bet $ 100 that the price of gold will touch $ 1617.40 by 3pm EST today.
The payoff for this trade is 70% when you finish in the money. Trade commodities like gold and oil with easy to buy binary options.

Choose the underlying asset. IE gold, currency pair, stock etc. Determine how long the option should expire. As little as 60 seconds to a day or week. Common expiration times are 15-30 minutes. Choose the amount you want to risk. As little as $ 5, as much as thousands. Decide how you think the price will move (up or down). Click "Up and Down" and click the "Apply" button - just before the "Apply" meeting you will see the exact payout if you win or lose. In the event of expiry, you have either won or lost and are offered the fixed payout before pressing the "apply" button. You can't lose more than your risked amount and you can't lose more than your fixed return no matter how far the price moves. Binaries are one or the other choice with one or the other payout or loss. Winning returns averaged 70-85% among respectable brokers for most trades. If you lose, you get between 0-15%. Some brokers withdraw some percentages of losses, which is why their winning returns are sometimes a bit lower compared to the other brokers.

Binary Charts SelectionThings Before You Start Making Option Trades

Risk is well known and fixed. You cannot lose more than you bet in any trade. They are not and cannot be burned by leverage like you can with Forex trading. You don't need to set stop losses. The return is the same whether you win or lose by 1 pip or 100 pips. Payouts are clearly stated and known right up front before making money on the trade. Most brokers that we list have early closings. This way you can close your option at a price they offer until the last minute. You can lock in profit or minimize loss with early termination. Trading is easy. Choose your asset to trade, how much to risk, choose 'up or down' and click the ' Trade now button. The average yield is 70-85% for the brokers listed here. No hidden costs - your risk and full return are clearly listed. You don't have to be a financial "expert" to win. You have no ownership of the underlying asset. You are only predicting what happens to the price of the asset. Your trade comes down to a "one way or another" choice (so binary) you win, you get a $ 170 payout that risks your $ 100 up front plus the $ 70 return (70% of $ 100 = $ 70). Since a 70% return is a little low on the payout side, the broker offers a 15% discount on losses. If you lose, you get back $ 15 and only lose $ 85 instead of the full $ 100. You can see You are trading and need the price of gold to reach the target price or trigger price of $ 1617.40 before 3pm today.

Fortunately for you, there has been some negative news about the value of the dollar that drove fears of inflation. The price of gold and oil rose accordingly. When the news broke, the gold price peaked and hit your target price. Triggering your trade in the money close. You were paid $ 170, which includes your $ 100 front bet plus the $ 70 return on your investment. You can trade one-touch options on websites like 24option.com, not all brokers offer them, although they are the 2nd most popular form of binary trading.