OlympTrade Digital Options
Firstly, OlympTrade Digital Options are one of the most high-profit instruments of financial markets. The point of trading is to predict the change in the price of a certain asset. For example: currency pair or a commodity. To make profit from a trade, you don’t need to know the exact price. What you need to do is forecast the rise or fall of the price. In other words, you will need to predict the chart direction (Up or Down). To make it all clear, digital options will help you to make profit by only deciding price of a euro against the dollar.
All risks and possible income is known by option trader in advance. Above all, profit and loss of funds is taken into consideration before the trade opening! Income may reach up to 100% of the amount of trade! The great thing is that OlympTrade Digital Options are simple and accessible. You don’t need to make big investments to trade with. The minimum deposit amount on olymp trade platform is $10/€10. Moreover, minimum trade amount is $1/€1.
How Olymp Trade Trading Works?
To begin with, there are two option types on olymptrade platform: classic and time.
Classic options (Up-Down trades); when trading them, you should choose the trade amount and the period of a trade. In other words, a period for which a trade will be opened.
Time options are a convenient way to trade on an active market. To open a trade, set the time of trade execution (option expiration time). If your forecast will be correct, the profit amount will be up to 100% from the investments.
What is more, multi-trading occurs through the time options. There is no difference how many trades are opened by trader, all of them will be closed at the same time.
How to Trade Digital Options on OlympTrade?
Digital options are Classic options on OlympTrade platform. Certainly, trading consists of 6 steps:
- You choose the asset.
On olymptrade platform you can trade currency pairs and stocks, commodities and indices, crypto and shares.
- You choose the trade amount.
The size of your trade will affect the income you will get. Profit from a trade can be up to 100%.
- Set the time trade.
You will have 5 time trade options lasting from 1 to 15 minutes. Moreover, there is a possibility to set your own duration of a trade.
- Select the strike price.
When the trade expires, the price of an asset is likened to the price of strike. If your forecast was correct, you will get profit. The return rate for up-down trades may differ.
- Graph movement.
Decide whether the asset price will go up or down.
- Early trade closing.
The Sell function is a helpful tool if you want to close the trade before expiration. Function itself is located under the asset chart in trades menu. However, the refund amount you will get depends on the asset price. Sell is available in the mobile version of an olymp trade platform as well.
How to Trade Time Options on OlympTrade?
In order to trade on Time options, you will need to complete 5 following steps:
- Go to the olymptrade platform and switch to the Time tab.
Simply click on the time trade menu (where it says “1 min”) and press on the “Expiration” button after that.
- Select the chart of any asset on the platform.
Time left to buy is showing until what time you can buy the option. On the other side you can see the Time left until expiration. The name speaks for itself, this is the time until expiration of the option. What is more, this time is clearly determined on the trading platform itself. As a matter of fact, it indicates for how long you will be waiting for the outcome of the trade. After the expiration time, broker checks if the present price of the asset correlates with the set conditions. In case of correct forecast, you will make a profit. If your prediction was wrong, you will lose the option amount.
- Select the closure time of a trade.
In this menu you will be able to set the trade closure time. Moreover, you will always know how much time you have to buy the option.
- Make a prediction and press on UP or DOWN buttons.
After you have made your decision, option will be opened immediately. Keep in mind that unprofitable trades can be closed at any time while Sell function is active. Thus, you will return a certain percentage of your investments.
Note: you will not be able to open a new trade 1 min before the following time of expiration. Therefore, broker will ask you to choose other time.
- Profit from a trade.
If your prediction was correct, you will make a profit up to 92%. On the other hand, if your forecast was wrong, you will lose only the trade amount.
Trading Options on OlympTrade Broker
Above all, trading options is both easy and convenient way to make profit. None of the other financial instruments will give you such income in a short time. To trade on options you will not need an in-depth knowledge of the financial market or complex trading terminals studies. You don’t even need to download any software. Everything you need to trade profitably is basic market knowledge and access to economic news.