Hey there guys,
I wanted to introduce another form of trading that some of you may not have heard of – Digital Options (also otherwise known as Binary Options). What it basically is that an option whose payout is fixed after the underlying asset (be it forex or stock) exceeds the predetermined threshold or otherwise known strike price.
IQ OPTION REVIEW | DIGITAL OPTION
In simple terms, you pick the direction either UP (CALL Option) or DOWN (PUT Option) and based on the strike price – place a predetermined amount of money. If you get it right at the end of the trading window (typically 10 seconds on IQ Options) you could potentially earn up to 900% of your initial amount or if you don’t, then you lose the initial amount placed on the trade.
You can watch the LIVE trading video below to see how I made USD 54 in a 10-second trade window with an initial outlay of just USD 100. That’s a return of over 50% in 10 seconds – not bad for a single trade.
Digital Options is a trading instrument that allows you to speculate on the extent of the price change, rather than just on the general price direction. If the price of the underlying asset is to reach the threshold selected by the trader (known as the ‘strike price’), the payout may get as high as 900%. However, an unsuccessful trade will result in loss of the investment. A distinguishing feature of Digital Options is a predetermined expiration time that works in 5-minute intervals.
You can clearly see from the video that it is fairly straightforward and after some practice, a total beginner to trading could be making a fair amount of money from it, as long as he/she practices sound risk and money management strategies – as that is always the key to a successful trader.