New from IQ Option – Digital Options

IQ Option Digital Options

IQ Option Digital Options

If you know anything at all about online trading, you’ll know that IQ Option is one of the best and biggest brokers you can trade with. This company has been around for several years now and they have become famous for implementing various innovative and high-tech solutions. Today, we will be looking at one such solution. Digital options are a completely new trading tool, this broker’s original product that sheds a new light on online trading. They combine classic and binary options to offer traders a completely new trading experience. Naturally, given the nature of our work and the reputation IQ Option has, we simply had to take a look. Keep reading because there’s plenty to discover!

Digital Options | What’s new about them?

Like we said, Digital Options combine classic and binary options. As a matter of fact, they give you the best of both worlds. The key feature here is the strike price you set for yourself. The farther away from the current price your strike price is, the bigger the potential profit you can earn from your trade. Furthermore, you don’t have to wait for the trade to reach its expiration time – if you see that things are not going the way you wanted, simply sell your Digital Options and mitigate your losses. You are, quite literally, in complete control in this case. You set the investment amount, you determine the strike price, you determine the profit and you determine when you will close the trade. However, because of that, a strategy is needed.

IQ Option Digital Options Definition

IQ Option Digital Options Definition

Digital Options | Simple to use

Given that you still have to determine whether an asset’s price is going up or down when trading Digital Options, you need to be able to extract information from our chart. To be more exact, you need to determine how far a price will move, so that you can determine the strike price correctly. Fortunately, everything takes place on IQ Option Trading Platform, an extremely well designed piece of trading software with loads of useful indicators and analytical tools. You can also test things out with the demo account to prepare yourself for this new kind of trading. But, honestly, we think you’ll grasp the main concept very quickly. All this essentially is is a new trading mode for binary options, a very innovative trading mode that will keep you trading for a long time.

IQ Option CFD Trading Platform

IQ Option CFD Trading Platform

Digital Options | Conclusion

Digital Options are a welcome new addition to IQ Option’s offer and to the online trading industry in general. They preserve the simplicity of regular binary options, but give you more flexibility and chances for profit. This is just the kind of invention we’ve come to expect from this broker – clever, interesting and easy to use. On top of that, everything is set into a familiar trading environment, so if you have already traded with this company you’ll have no problems getting used to your surroundings. If you haven’t, open an account with IQ Option right now and try out this unique trading tool. You won’t regret it!   

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Author: Ben Prescott
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