Binatrades – One Touch Option

One Touch Option

One touch option is similar to Touch Option. However, instead of predicting an underlying asset will reach a higher or lower predetermined price level at option expiry; traders need to predict whether an underlying asset price will reach a specific & predetermined level any time before the option expires or will not reach the specific predetermined level for the duration of the option.

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How to trade One Touch Options?

1. Choosing One Touch Option

one touch option - menu
One Touch Option - Select One Touch Option
  • Login to Binatrades.
  • Navigate to Traderoom.
  • Choose "ONE TOUCH".

2. Choosing an Asset, Direction and Expiry

one touch option - choose asset
One Touch Option - Select desired asset
  • Choose an asset that you want to invest.
  • The red arrow infront of the asset indicates the direction of your option's predetermined target price. E.g. Choosing the first EUR/GBP asset will allow you to buy option with a target price higher than current market value; while choosing the second EUR/GBP option will have a target price lower than current market value.
  • Click the drop down menu and choose an expiry time.
  • (Optionally) you can filter the asset list by choosing the type of asset under "Category".

3. Choosing an Action

one touch option - chose action
One Touch Option - Select desired action
  • Choose "Touch" if you expect the price will reach a predetermined target price at any time before the expiration; or "No Touch" if you expect the price will not reach the predetermined target price before the expiration.

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4. Purchase the Option

one touch option - purchase option
One Touch Option - Enter desired investment amount and click buy
  • Enter the amount you wish to invest.
  • Click "Buy".

5. Trade confirmation

one touch option - purchase confirmation
One Touch Option - Wait for trade confirmation
  • Wait for trade confirmation to show up.
  • Click "Ok".

6. Open Trades

one touch option - open trades
One Touch Option - Check your purchased option
  • Check to see your active order in "Open Trades"

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