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What is Touch?
In addition to Digital Trading,  Option Range offers its traders the ability to trade ‘Touch’ binary options. The basic principle is based upon a binary option ‘touching’ a designated strike price within the time the binary option is open. This type of trade can also be referred to as one-touch uptrades, or one-touch downtrades.

Touch binary options trading is easy to understand and is an instrument used by both beginner and professional traders. Touch trades work as follows.

The binary option touch trader chooses which stock, indices, currency or commodity he would like to trade, and after some basic analysis he purchases either a Call, or a Put touch option (a one-touch uptrade or a one-touch downtrade). The trader is attempting to predict whether the price of his selected stock options, indices, currency or commodity will touch a predetermined value by the close of the option. As soon as the price touches his upper or lower strike line, the trader is in the money.

Example:

Harry is an experienced trader of indices. He uses technical analysis to predict trends in the movements of the NASDAQ. Harry has been fairly profitable these past few weeks because there has been a lot of volatility in the markets. The trend has been for the NASDAQ to drop in its opening hour as it reacts to the volatility and negative movements of the Asian markets. Therefore Harry has prepared himself for when the NASDAQ opens, and immediately purchases a US $100, one hour one-touch downtrade on the NASDAQ.

At the time of the purchase the NASDAQ price was 2607.07. Harry’s Lower Strike  line is fixed at 2,593.9. Harry watches the price movement of the NASDAQ and after 20 minutes he sees the NASDAQ fall and it touches Harry’s lower strike line. Harry is immediately in the money and he does not need to wait until the end of the hour. He has just made an 81% profit so receives $181 (his original $100 plus his $81 profit).

The core advantage of trading one-touch uptrades and one-touch downtrades is that an event only needs to happen once to be in the money. Unlike with Digital options where you need to be above or below the strike price at the point the option closes, with touch trades you just need the price to touch your strike line once to be in the money! 

Trading Strategies Explained

A number of basic trading strategies are explained in the Option Range eBook . Once traders are registered with Option Range, they will receive regular trading strategy tutorials that will help to extend and improve their trading knowledge, and their binary option trading strategies.

By following the tutorials, traders on the Option Range binary option trading platform have the chance to improve their understanding of the digital trading instruments, the tools and the strategies that can be used to help realise profits and potentially significant returns on investment.

At Option Range you have the opportunity to trade binary options on a wide variety of over 30 underlying assets including indices, currencies, stock options and commodities, using the most advanced and secure binary options trading platform. It doesn’t matter if you are a low volumes trader or a more advanced trader,  all investors can trade around the clock, six days a week, with the highest payouts in the industry ranging from 75% - 85% if your option is in the money.
Important Risk Note: Online binary options trading involves significant risk. You are kindly asked to read our Terms & Conditions prior to making any investments. The prices quoted on our site are the ones Option Range is willing to sell options at and are not necessarily the real time market prices. Customers are responsible for their individual capital gain tax liability in their country of residence.  
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