What is doubling in binary options. Binary Options Double Down Strategy
Blog What does Double Up mean in Binary Options Double Up is more of a feature than a strategy, although you could refer to it as either a feature or a strategy. Until what is doubling in binary options, it was alien to the Binary Options industry.
Even, at this point, it is only available on a select number of enterprising brokers. The tool allows a trader to double the investment with the potential resultant effect of doubling the profits from a position at expiration of the contract.
By clicking on the feature, you double the potential liability and profit of your current position. Therefore, if you are in the clear when the contract expires, you will have double your initial profits, while the opposite is the case if the position ends out of the money.
Hence, you could make double wins, double losses, or have contrasting results for the original contract and the newer double up contract.
Conclusion Like several innovative features in the financial markets, the Double Up tool may be a blessing or a curse depending on when and how it is used. This is because, while it is marketed as a profit-boosting tool, it can also be a loss-compounding tool.
Some traders advise against the use of the tool, as it could easily lead to recklessness on the part of the trader.
Still, this tool has exciting potential that must be adopted into a working strategy. You should not use the feature blindly or when your emotions are running high. When and how you use the tool, should stem from a prudent analysis, than from the rate at which your heart pumps blood.