Binary options High/Low Instrument is the most popular and easy form of trade execution. It is the type of binary trade where the trader needs to purchase the ‘Call’ option if he/she believes that the price will go above the strike price. The trader can also go for the ‘Put’ option if he/she thinks that the price will go below the strike price.
It is the traditional method of trading binary options. Here, you just need to speculate the asset’s price and make the predictions. As they are the easiest options, they offer up to 95% of profit payout, which varies from brokers to brokers.
Not every broker will provide you with the same return for their assets. So, while trading with high/low instruments, make sure you use the correct broker. Moreover, with this trading type, you get a wide window of choosing your expiry time or date.
How to place trades on high/low instrument?
The general steps of trading high/low instruments are:
- Choose the asset that you intend to trade with.
- Also, choose the strike price that will be preferred as the benchmark for your trade.
- Select the expiration date.
- Now, choose the trade direction, whether it will be high or low. Then choose ‘Call’ for price hike prediction and choose ‘Put’ for price drop prediction.
Most of the rookie traders of binary options prefer to commence with high/low trading to get easy profits. So, if you are a beginner, then leverage this instrument on initial practice.