What is Digital?

What is Digital Trading? 

Digital trading is the widely known and most popular form of binary options trading. Given the market rate, traders are required to determine whether the price of an option will rise or fall before the predetermined expiry rate.

When entering a “call” option, the trader determines that the price of the chosen asset will be higher than the rate with which he entered the trade, at the expiry time.

For example: Given an assumed time of 13:00, the predetermined expiry rate of 13:30 and the Gold market-price of $1.200. If the trader has a fair reason to believe that the price will be higher than $1.200 by 13:30- a call option will be entered.

When entering a “put” option, the trader determines that the price of the chosen asset will be lower than his strike rate at the expiry time.

For example: Given an assumed time of 13:00, the predetermined expiry rate of 13:30 and the Gold market-price of $1.200. If the trader has a fair reason to believe that the price will be lower than $1.200 by 13:30- a put option will be entered.

When trading currencies in the “Digital” mode, “Close” and “Extend” options are available starting 5 minutes after the trade has begun and until 10 minutes before it expires (trading tools are not available when trading stocks, commodities and indices).

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