Binary Options Double Up Strategy
Binary Options Double Up Strategy General Information
This type of strategy is widely used by traders for binary options trading in order to maximize their profits. To implement the double up strategy you do not need to study charts or carry out some complex analysis, everything is rather simple The biggest part of option brokers offers double up strategy as a feature to make trading more dynamic.
How to Use the Double Up Strategy With Binary Options
This type of binary options trading is worth using when everything seems to be almost perfect for profit making. Thanks to this type of strategies for binary options trading it is possible to double up initial money invested without changing any parameters just leaving them the same as at the point when the amount was originally invested. Say, you purchased an option EUR vs USD at the price level of 1.10250 and you predict it will close at a higher price level than the current one. Lets suppose you purchased the option at 2 PM and it will expire at 3 PM. In the case when the price of the pair reaches 1.10300 or even more in half an hour, it comes evident that you are very likely to win the bet. So, it is clever to use a double up strategy in this case. If you implement it, the percentage payout as well as the expiry time will not change but the profit will be higher.
Binary Options Double Up Strategy Disadvantages
So, of course, this type of strategies for binary options trading has some disadvantages, e.g.: it is absolutely useless when you are losing or your position is not strong enough. You should also realize the double up strategy is just a feature and there are binary options brokers who do not offer it. If you want to use the double up strategy, find the broker who can offer it to you.
The strategy cannot be applied at the very last moment. When the expiry time is close, this option is usually disabled by brokers, otherwise, they would become bankrupts as the traders would double their profits just before the time of expire and no doubt they would win every time.
Brokers usually charge some little sum for this feature usage. The sum is little, so, if you are in a very strong position, feel free to use it. If you are not aware of the result, please, do not use the feature. In the case you use this strategy and lose, your loss will be also doubled and you will also pay that small fee for the feature. That is why double up strategy has to be used very carefully.