ExpertOption is a market leading broker is the world of global finance & specifically digital options trading. What are digital options? You may ask, well digital options are a type of option with a fixed payout, allowing traders to open deals with manually chosen strike rates which have an affect on both the profitability and risk of a deal.
One of the primary benefits of digital options is the significantly increased earning potential when compared to the traditional binary variety. Of course the payout percentage is predetermined by the strike rate chosen, which is a fantastic way to take more control over trading by varying the profit and risk. To elaborate, when a strike rate is closer to the current price, a traders profitability is decreased, but so is the risk. On the other hand choosing a strike rate further from the current price will increase risk but also rewards, with increased profits.
How to make money with ExpertOption
With ExpertOption traders have the opportunity to choose an expiry time between one to five minutes. There is also the possibility to cancel a deal if a trader believes that the trend is moving in the wrong direction. Deal’s can be opened in just a few simple steps;
- Select an asset for trading,
- Confirm the expiry time,
- Decide the amount to invest,
- Select a strike rate,
- Click “CALL” for an upward price prediction or click “PUT” for downwards.
- Now wait for the result (Remembering a deal can be cancelled at any time)
Although it may seem a simple process, the number of options available allow each deal to be tailored to the needs of individual traders. Dependent on numerous factors some will deem it too high risk to select a strike rate too far from current price levels, whilst others will be prepared to accept the risk for increased profits. It is important to note that a deal are only considered to have been successfully executed if the price at time of expiry is different to the strike price (they cannot be identical). For ‘call’ options the closing price should be above the strike and conversely for ‘put’ options it should be below.
With any trading risk management is always necessary and applicable, digital options are no different. The commonly held belief is that risking more than 3% in a single deal is extremely high risk and likely an unproductive strategy for most traders. That’s why ExpertOption provides a host of educational materials and video tutorials for users to learn the best strategies and techniques to practice using the $10,000 Free Demo.
Digital Options are a perfect introduction to trading, providing users with easy access to markets and the ability to open deals in simple steps. The fact risk can be so effectively managed is another reason digital options are proving so popular, with the likes of ExpertOption providing users with numerous benefits such as the ability to cancel a deal any time. If you’re looking to make profits and improve you’re financial situation digital options may well be the solution you’ve been searching for.
ExpertOption Official Website: https://expertoption.com