Call/Put or Up/Down Trading:
This is the basic Binary Option trade. If trader feels stock will be higher after given time period he executes a Call or Up Trade. If trader feels stock will be lower after a certain time period he executes a Put/Down trade. All Binary Option Brokers have this basic trading feature.
One Touch or Touch Trading:
More similar to a traditional option, where are stock must touch a strike price within a given time frame. Most Binary Option Brokers offer this trading feature.
Range or Boundry Trading:
Trader predicts if a stock will trade inside or outside of a particular price range within a given time frame.
60 Second Options:
Standard Up/Down binary options that expire in 60 seconds.
Roll Over or Roll Forward:
For a commission trader can add time to current trade.
Trader can take a second position with the same conditions based on the current market price.
Take Profit or Option+:
For a fee trader can close an in the money position before the expiry time.