Trader Ladder options provide you a wide range of levels, basically there are five different levels of price ranges that are determined by pivot points, usually every pivot point is set by a support or resistance level so once it reaches the price level you trade, you will receive the payout.
Here are step by step guide on how to trade ladder options You pick your asset, currently, brokers allow you to choose between major currencies only, I assume that it will be expand for more binary options strategies best and even other asset types such as commodities, indexes and stocks.
Imagine you place an option just before an important event and you estimate there will be a battle between buyers and sellers, in such cases you may want to place a call option and a put option at the same expiration date, you can win from both strikes.
Which brokers provide to trade ladder options?
Not every broker provides them, but more and more brokers developing their platform to enable this advanced platform, here is a list of popular brokers that currently provide ladder options: Finpari Binarium Spotoption Because ladder options are more complex platform than others, it is recommended to use by an experience traders, once you feel comfortable enough with basic ladder strategy for binary options video option trading types you can then move forward to ladder options, at the beginning you may find it very attractive with its huge profit rates, but it is recommended to take it slowly and first trade with price levels that most likely to happen.
Only after you gain more experience with ladder options you can try one of the strategies the platform can offer. Remember to use this kind of strategy when you feel the market is less volatile, you should also take into consideration market events.
As a thumb rule before you place your ladder option trades you should know the support and resistance levels of the asset you choose, it is best to mark the trend as well and to understand where are the breaking out points. Post navigation.