YJFX!, the Yahoo! Japan online trading brokerage, has notified its traders that the firm is expanding its binary options offering to include Range options. The new service will be available from Monday September 28, 2015 for all clients of YJFX!.
The firm has been offering binary options trading in Japan since September 24, 2013, which makes this a sort of two year anniversary milestone. Up until now YJFX! has focused on Ladder options, as is common for Japanese brokers, but says it is now adding Range options due to great demand from its clients.
Range options, sometimes called Boundary or Tunnel options, work differently than Ladder options. They are based on two price levels at equal distances from the current price. In this option type, the goal of the trader is achieved if the price remains within the upper and lower boundaries at the end of the allocated time period.
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This type of binary options are considered quite suitable for markets that are trading within a range and where there isn’t much action. The logic behind them is to offer a way to trade profitably even when the market is not expected to go up or down considerably, something that only options make possible.
YJFX!’s Range options will be based on a two hour time frame and traded on the basis of eight locally popular currency pairs (USD/JPY, EUR/JPY, AUD/JPY, GBP/JPY, NZD/JPY, EUR/USD, GBP/USD, AUD/USD).