If you have any questions or suggestions you are welcome to join our forum discussion about Double One-Touch Binary Options. Traders who use this type of options have the right to determine the position of both triggers and expiration time some brokers however offer options with pre-set values.

Double One Touch Binary Options

In order for the option to become profitable, either one of the triggers must be breached before the expiry. It is most suitable for extended periods of market consolidation, which are typically followed by a strong breakout.

Check out the example below for further clarity. You believe that the upcoming key economic data from the US, say nonfram payrolls, which are expected to come at a high level, will significantly strengthen the dollar against the euro.

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However, you also fear that if the reading registers worse than expected, this might push the dollar down as much as pips. In order to capitalize on the expected strong move and also protect yourself from the probability of a downbeat payrolls reading, you can choose a double one-touch option.

You can set an upper trigger at 1.

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Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.

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