What does One Touch mean in Binary Options trading?
A ‘One Touch’ Binary Option, is an option that is hugely popular among binary option traders. The options are made available during the weekends when major markets are closed. An attractive characteristic of this type of option is the huge payouts they offer. If you are looking for a good trading option to work with on weekends, One Touch options are all you need.
As high as 550% in payouts
Here at CherryTrade, One Touch options offer you the chance of making 550% returns on your investment. It should be noted that these types of options can be more challenging than standard binary options. With One Touch, you have to be sure that the price of the asset will get to a predetermined level. This is unlike some standard options where you only need to predict the direction of the underlying asset’s movement. The direction and target price have to be selected on the platform before entering the trade.
With a One Touch option, you can make a prediction as to whether the price of the asset will reach the predetermined level at 17:00 GMT on any of the days the trade is open. Once this criteria is met, you will receive the profit offered by the time the trade closes, or at 17:10 GMT.
Using EUR/JPY as an example with the current strike price at 126.17, CherryTrade would offer two options. The first is a “Call” option saying that the asset will touch 123.78 at least once within the upcoming week. The second is a “Put” option saying that the asset will fall to 117.78 at least once within the upcoming week.
To start trading on One Touch click here to open an account with us.
Terms & Conditions for One Touch
• You can only purchase One Touch options from Midnight on Saturday to 7:00 pm on Sunday.
• You can only purchase this option based on the prices we provide. You cannot set your own price. The rates we
take into consideration in determining if target was reached or not are those offered by Reuters.
• The promised payout will reflect in your account on the day and time the option is deemed to expire. This is on
Friday at 8.00 pm.
• Contact Us if you have any further questions regarding One Touch Binary Options Trading.