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Double Up is a feature that is now provided in many binary options platforms. The tool is quite simple, allowing you to replicate a trade with just a few clicks of your mouse.
All of the trade parameters remain the same, with the only difference being that the entry price will be the current price and not the price of the trade that is being replicated. Even when this feature is not present, you can still replicate any trade.
The one and only reason to use Double Up would be to double your profits. The goal is to replicate a trade that is deep in the money with the hope that both positions yield a profit. There must be some solid reason for making the decision to enter into two trades instead of just one. Double Up is no different. Note that the Double Up feature is not the only way in which to replicate a trade.
It may also be wise to adjust the expiry time should you be trading along with a price trend and fear that the trend will conclude before the expiry time does. At a base level, trade replication is always going to be most effective and profitable when a price trend is taking place.
Consider the number of pips that you would like to see the asset price move before taking action. Doing this will help you to eliminate emotion from the decision-making process and can also help in avoiding mistakes due to indecision. Trying to make a decision when the expiry time is ticking down is not the ideal situation.
Most binary options brokers charge no fee for the use of their Double Up tool. However, it is wise to verify that your broker does not assess any costs above the investment amount for the use of optional features. Typically, there is no cost associated with the use of Double Up or Sell features, but there will likely be a cost for using Rollover expiry time extender. Consider testing out such features using mock or paper trades prior to using them in actual investment situations.
Your Capital is at Risk. Short Term or Long Term. Double Up Binary Options Strategy http: The financial services provided by this website carries a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.