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Let’s face it – binary options trading is changing day after day. There are tons of opportunities in this market. One of the newest tools is called Digital Options, developed by the binary option broker named IQ Option. Basically, this company has launched Digital Options as a completely new, improved and a lot more flexible instrument for traders.
IQ Option trading platform now has a lot of new features which give us a completely new look at option trading. Now, the binary options trading is not anymore limited – company’s clients can also join transactions with digital options which are a lot more flexible and promising tool.
But what are its features?
The Main Features Of Digital Options
The development of the new trading tools known as Digital Options took some time – during which the developers at IQ Option considered all the possible opportunities, wishes and propositions from traders who already gained some experience in the field of binary options trading. Moreover, they decided to keep the simplicity while skipping the fixed profitability of each transaction as well as the need to expect the results in accordance with their expiration time.
That being said, the all new Digital Options has been under the loop for some time. Right now, they are a product that has all the advantages of classic binary options plus a lot of opportunities including:
- trading options on many assets
- independent risk and profit level setting
- many extra features for more trading flexibility
When it comes to profit,- one successful operation in these digital options can get you up to 900% in profit. In numbers, that is potentially 5 to 6 times more than with binary options. The maximum loss amount remains the same though: in case of unsuccessful trade, the amount invested in the option is lost. And when it comes to risks, they can be managed more efficiently thanks to different strike prices with different payouts and risks calculations.
Additionally, the level of the strike-price can now be reduced or increased. Traders will have the opportunity to sell their digital options at any time – and receive money even if the price goes down. However, the amount of this sale will be as further as the strike you have chosen.
So in a nutshell, digital options offer a better way of trading. For many, they are better than binary options because they give you the opportunity to:
- chase higher returns
- manage your risks and exposure, due to the flexibility of the product and the right to sell the option at any time
- establish an optimum ratio of risk and profit through the choice of strikes
Still, many people don’t know how to trade digital options, which is why we are covering that as well in the section below.
How To Trade Digital Options?
If you are new to digital options trading, you should know that there are five lines that appear on the screen every time you open an order. This is what is known as the ‘strike’ (the target levels of quotations) which the asset should either reach or exceed during its expiration period. Obviously, each level here has its own profitability and risks calculations and traders usually know what they will get if the transactions takes place exactly as they expect – in advance.
The three main steps you should take when trading digital options are:
- selecting the asset
- choosing the level
- setting the command (Call or Put)
Now, as a trader you should know that the profitability changes in real time – which lets you estimate risks at first sight. The more interest you are offered; the less chance of the order being executed according to the plan. While in some cases you can earn up to 900%, there are also high risks in these types of trades.
And in case you want to stop the deal before the moment of expiration, you only need to click on the ‘Sell’ icon. Depending on the status of your option, you can either fix a part of the profit that is already received – or return part of the amount paid for the opening of this transaction.
A Final Word
Digital options are set to change the world of trading as we know it.. It uses a simple interface and offers clear and simple rules with a number of options that aren’t burdened by the complexity of traditional binary trading.
Plus, there is a 24/7 support service in 14 different languages and more than 15.5 million traders and investors that participated in IQ option trading. Everyone can start with a symbolic amount of initial investment which is assured by the processing of withdrawal requests of funds within a day.
IQ Option trading platform has also received multiple awards for the ‘Best mobile platform’ and the ‘Best platform for trading binary options’. However, it is just a matter of time until it gets revamped and made better again – just so we can continue trading and enjoy the brand new options and features.
For more information go to http://iqoption.com
RISK WARNING: The financial services provided by IQ Option carry a high level of risk and can result in the loss of all your funds. You should not invest money that you cannot afford to lose.
