Is it a slow day on the financial markets? Whatever your choice of market, sometimes there are days when nothing seems to happen. If that’s the case, have you tried financial spread betting on binaries?
Financial binary betting, or binaries, can be one of the most exciting ways to take a position on the financial markets, and are popular for high-gain, short-term betting. Financial binary bets are simple ‘yes/no’ propositions that allow you to take a position on the financial markets over a fixed and a relatively short period of time. The provider will give you a two-way price and ask whether you think that ‘yes’ the price will end up higher (you buy) or ‘no’ it will be lower (you sell) at the specified time from this point.
Binary bets have only two outcomes, they will either settle at 100 or 0, by how many points to which you are correct dictates how much you will earn.
The five most popular types of financial binary bets are:
One touches: This is a binary bet on whether a market will touch or go through a certain barrier level. The bet settles at either 100 or 0 depending on whether the barrier level is breached or not.
Ladders: Is a bet on whether a market will finish above the stated level. You might bet a ‘FTSE to finish Above 5500 Ladder’ and the bet would finish at 100 if the FTSE finishes over 5500 on that day, or at 0 if it finishes lower than 5600.
Targets: Are binary bets on whether a market will finish in a certain a range. For example a ‘FTSE to Finish Up 50-60’ bet will close at 100 if the FTSE finishes up between 50 and 60 points from the previous days closing level.
Are binary bets on what the high or low of the day will be from yesterday’s closing point.
Are a financial binary bet which you would place on a market finishing within a specific range.
You would place a ‘FTSE 100’ tunnel binary bet if you thought the FTSE likely to stay within a 100 range, plus or minus.
The appeal of binary bets lies in their speed and potential to make a quick profit. Binary spread betting can be one of the simplest and most accessible ways of taking your position in the global markets.
The range of markets you can choose from is extensive including stock indices, commodities and forex spread betting.
IG Index is one of the UK’s leading spread betting companies. They offer an extensive array of binary bets and also free expert financial commentary to assist your market speculations. They also provide a free, expert, daily commentary on the financial markets.
It is important to note that financial spread betting can result in losses that exceed your initial deposit, so please make sure you understand the risks involved.
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