Touch is based on if the price action of the traded asset touches a price barrier before the expiration of the trade. If we look at the chart below, this shows an example of a One Touch trade on the trading platform of Betonmarkets, one of the binary options brokers that offer this trade variety. We can see here that the financial asset is spot gold, to be purchased at a spot price of The price barrier which can be adjusted by the trader has been set in this example to
News One Touch Options Explained As binary options markets have grown, so too have the demands and requirements of traders. Brokers were also keen to offer a product that could be traded in both flat and highly volatile markets.
In most cases, the barrier level is set by the broker. At certain brokers however, the trader can set the barrier.
It could be higher than the current asset value, or it could be lower. Broker differences Traders looking to utilise Touch options need to pay particular attention to their choice of trader. Firstly, some brokers do not offer them at all. Touch options at certain other brokers are not particularly flexible.
Nor are the target levels.
What Exactly One Touch Binary Option Is?
There are however, some brokers which offer a huge amount of flexibility. Here, traders can set their own target levels payouts adjust accordingly. This offers tremendous opportunity to use advanced trading techniques. When to use Touch options Advanced traders will be able to use One Touch options successfully throughout their trading day, others may specialise.
For example, volume and market volatility might be expected to change significantly after a particular data release or event. Likewise a market may run flat for a period running up to an announcement — and be volatile after.
If a trader feels that trading volume will be particularly low, or particularly high, then the Touch option allows them to take a position on that view.
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