This bet pays if the market never touches a pre-determined trigger barrier. A no-touch bet is the opposite of the one-touch bet. You would buy a no-touch bet if you think the market will never reach a certain level within a specified range of time.
Example: [Pays 100 if the FTSE does not touch X between today and date T]
A no-touch bet is the opposite of the one touch bet. You would buy a no touch bet if you think the market will never reach a certain level (sometimes referred to as barrier or pre-determinded barrier) within a specified range of time.
Example: The EUR/USD is currently quoted at 1.16295. You believe that the EUR/USD will continue rising and will not hit the 1.15 level during the next 20 days. So you price this bet: I wish to win «GBP» «5000» if during the next «20» days, EUR/USD never touches 1.15. After inputting the parameters you click on the «Calculate Cost of this Bet» icon on the pricing page, which returns you a purchase price of GBP1930 (ie GBP5000 GBP1930 = GBP3070 potential profits). You are satisfied with the risk-reward correlation ratio and finally decide to buy the bet by clicking on the «Buy this Bet» button. If, unexpectedly the Euro starts losing ground to the Dollar and slips down to 1.14 in 12 days time, then you lose your stake of GBP1930. On the other hand if the EUR/USD is at the 1.1509 mark on the close of trading of the 20th day, then you win your bet since 1.1509 is greater than 1.15.
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