24 7 currency option trading platform
Ready to start to trade binary options online? Learn how to lower you trading risks with the right binary options strategy. We cover the basics and advanced trading strategies. Know when to bet with the latest market hours, global economic calendar and free e-wallets for fast and secure deposits.
This includes Bitcoin forex pairs. These can be as short as 60 seconds, and as far ahead as a week or longer on certain assets.
Forex and CFD payouts will depend entirely on the movement of the underlying asset, as with any other broker. The trading area is clearly laid out. From here traders can see all the trades they have open.
These are flagged as to whether they are currently in the money or not. The opening price and current price are both displayed, as is the expiry time. All completed trades are listed, open and close prices and of course, the net result of the trade. There are also three tabs for traders to keep informed of markets changes. A trading alerts tab, a daily market updates tab and the very useful Economic calendar tab. This allows users to trade in a more traditional way.
It also allows users to trade using leverage. The European-style option can only be exercised on the expiry date. The American-style option can be exercised at the strike price, any time before the expiry date. FX option traders can use the 'Greeks' Delta, Gamma, Theta, Rhio and Vega to judge the risks and rewards of the options price, in the same way as you would equity options.
The risk for an option buyer is limited to the cost of buying the option, called the 'premium'. An option buyer has theoretically unlimited profit potential. Conversely, for an option seller the risk is potentially unlimited, but the profit is fixed at the premium received. FX option contracts are typically traded through the over-the-counter OTC market so are fully customisable and can expire at any time.
In the spot options market, when you buy a 'call', you also buy a 'put' simultaneously. FX options are also available through regulated exchanges which are options on FX futures, in which case it is simply a call or a put.
These offer a multitude of expirations and quoting options with standardised maturities. When traded on an exchange, FX options are typically available in ten currency pairs, all involving the US dollar, and are cash settled in dollars. One of the most common reasons for using FX options is for short-term hedges of spot FX or foreign stock market positions.
There are many bullish, bearish and even neutral strategies that can be implemented with options contracts.