This basically divulges into the aspects of how the trading of an asset can be conducted differently. A lot of issues are considered in the determination of the different classes used in the binary options signals. Take for instance the consideration of the payout especially with consideration of how it is done. This could be used as a basis of doing the classification. On the other hand the classification could be done after carefully analysis and consideration of the trade in terms of the environment and conditions under which the trade is being carried out. So what are some of the different classifications of binary options signal that is available?
Class vs. Puts
Considered as one of the commonest forms of binary options signal this is what most traders are familiar with. This is the one that is known to many because it is used by most in their trade activities. Here the trader is presented with the choice of deciding on either up or down as options. Preferred by many because it is very easy to understand and use. Also referred to as cash or nothing category because of the fact that after the expiration of the stipulated period the outcome is a trader either receiving payment or leaving empty handed. To successful gain profit the trader should be able to strike price which simply means that the call option will be successful because the price of the asset will surpass the price. The pull option entails the trader predicting a fall in the price below the anticipated strike price. If this becomes so then the trader is rewarded with a handsome payout as per the stipulation of the option.
Touch vs. No Touch
In this classification the trader has a choice of deciding whether a certain price will be able to reach a certain point or whether it will fail to do so. In this case the trade remains very open as long as the guesses made are wrong until the guessed touch is actually the touch achieved in which case the payment is made.
Double Touch or Double No Touch
This is almost similar to the touch vs. no touch classification although I this one the criteria has an extra point so that they choice is based on whether the price will touch any two points or not. This involves choosing two options of touch mostly the highest point and the lowest point likely to be touched. Only when the two are right is a trader or investor eligible for payment.
Range Options (Boundary Trading/ Tunnel Betting)
This one is based on the assessment of a trader on whether the price will be able to end the period while still within or outside the set price range. Due to the ranging in price the trader is expected to guess accurately the correct range the price will fall within or in certain circumstances the guess should be outside the range for one to get the promised reward. However if the guess is wrong then the cash risked or rather invested is lost.