The most common types of binary options are the down/up trade. But it is important to note that, there are various options which you can utilize to do the trade. The factors which are common is that, at the end of the day, the outcome will have a result which is binary; yes or no. Here are some of the common types which you will come across as you practice the IQ Option trial account.
· High/low or up/down: It is the basic and most common binary option available in the market. You have to determine if a price will be able to finish high or low than the current price when the expiry time comes.
· Boundary, range or in/out: It is an option that sets a low or high figure. As a trader, you will need to predict whether the final price will be outside or within the levels or boundaries.
· No-touch/touch: As you utilize the IQ Option trial account, you will come across this option which has set levels, lower or higher than the current price. As a trader, you will need to predict if the final price will touch the levels at any point between the expiry time and the time of the trade. With a touch option, it is possible for the trade to close before the time of expiry.