GOptions Double Up Strategy

GOptions Strategy Review

GOptions Double Up Strategy

GOptions the leading binary options broker which was established in the year 2009 when the binary options industry was in its nascent stage, has been able to stay on top of the game by its constant innovation. The capacity of being able to develop new strategies and technical advancements in an industry with rapid growth attracting new companies and traders is the only way to get ahead in the field and be at the peak of success for a long time. Here is all you want to know about the latest offering for improving your trading experience with the GOptions Double Up Strategy.

GOptions Double Up Strategy

The strategy is a new feature that is now available on the GOptions trading platform, thoroughly analyzed in our GOptions Review 2016. This is a powerful strategy which allows a trader to take a quick action in case the trader wants to get double the benefits from a single trade by doubling the investment amount. Using the GOptions Double Up strategy effectively allows the traders to “Double Up” their existing open position of the trade therefore creating a chance of getting double the benefits with the same position. As it requires only a few steps so the speed of setting up a double up option is easier and faster than creating a new position from the scratch. Though this allows the traders to modify an existing contract in the expectation of double the benefits riding on favorable market analysis or some new breakout, this should be used very cautiously. Caution will be good because it should be kept in mind that just as a trader can get double the benefits, so is the chance of ending up in double the loss also possible. Therefore it’s good to test some strategies using GOptions Demo Account provided.

GOptions Spot Follow Feature

GOptions Double Up Strategy | How does it Work?

  • The GOptions Double Up function allows a trader to double up the amount of an existing open position before the expiry of a trade.
  • Most other brokers allow the use of the “Double Up” feature only 5 to 10 minutes prior to the expiry time; but the GOptions Double Up Strategy allows a trader to use the option any time before the expiry of time.
  • Once a trader decides to use the GOptions Double Up Strategy, the initial contract amount becomes double hence doubling the chances of both rewards and risks according to the position at the time of expiry.
  • When a trader executes a double up trade then the price of double up will be the price at which the market is trading at the time of double up and not the price set at the beginning.

GOptions Double Up Strategy | Pros and Cons

The positive side is that this Binary Options Double Up Strategy allows traders to double up their profits by some quick and smart decision made on a profitable trade. But on the other hand, traders might end up losing double the initial investment if they are not careful. A trader can replicate a trade even without using this strategy by opening a new position anytime; the advantage of using GOptions Double Up Strategy is that a trader can double up the investment just by a single click thus saving precious time that will be lost in setting up a new trade. It is a sound strategy as long as it is used cautiously.


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Author: Mark Watson

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