There are numerous binary options that you can trade, including national and global indices. With these range of binary indices, the earning opportunities you can take advantage of will never run out. But what makes indices different from other asset classes?
What are binary indices?
Indices, or index in singular, are representations of the share value of several constituent corporations, depending on their certain region or market sector. Binary options for indices use the previous day’s official closing rate of the underlying index/future.
You can purchase binary options for indices under varying expiration times. You can choose weekly, intraday, and hourly binary options. Moreover, you can also opt for faster expiry times such as the fast-paced 20-minute and five-minute contracts on some of the most popular indices such as the British FTSE 100 and Wall Street.
What are the most traded binary indices?
Some of the most important and most frequently traded indices are The Dow Jones 30, S&P 500, Japanese Nikkei 225, British FTSE 100, French CAC40, NASDAQ, and the German DAX 30. Even though these indices are most often chosen by users to trade, that doesn’t necessarily mean that you have to join the bandwagon and trade these indices as well. One of the beauties of binary options trading is that it gives you the freedom to choose which indices you would like to trade.
Another great thing about trading binary indices is their attractive payout percentages.
With indices, you can profit up to 81%, making it a more profitable asset than the others. Moreover, you can even maximize your profits because you are allowed to trade various types of binary options on the same index. Now, that’s the way to go with trading indices.
So if you’re interested to trade on binary indices, make sure that you’ve gained adequate background with the current market conditions.