What are Binary Options?
The Binary Options let traders to predict the future direction of an asset such as stock, commodity, index or currency pairs.
The investors simply select the asset they want to trade, select the expiry time of the option and finally enters in the invest amount. Investors will have the outcomes of their prediction when the expiry time ends. There are two possible outcomes and the price of the asset does not matter. So what matters is if your prediction was correct or not.
What are the advantages of Binary Options?
Ease of access and flexibility
Profit from high and low volatility
How many types of Binary Options does Fxglory offer?
Classic Binary Option
What is a put option?
When the trader believes that the price of the asset will fall by the expiry time, then he/she press the “put” button. Put represents the “down” direction that a price may take.
What is a call option?
When the trader believes that the price of the asset will raise by the expiry time, then he/she press the “call” button. Put represents the “up” direction that a price may take.
What is an underlying asset?
The underlying asset is the financial instrument such as index, stock, commodity, currency pair on which the option price is based on.
What is “Double-up”?
It is a feature in the trading platform which allows the trader to double his/her investments in Binary Options.
What do “In the money” and “Out of the money” mean?
If the trader’s prediction is successful and correct on the direction, he/she is “In the Money”. In case the trader’s prediction is incorrect, he/she loses his/her investments and is “Out of the Money”.
What is the expiry time?
It is the date and time at which the binary option expires.
What is the expiration rate?
The expiry rate is the price of the underlying asset at the time of expiry according to feed providers. This is the determining factor in if the option has expired in-the-money or out-of-the-money.
What is “Rollover”?
Rollover is a feature in the trading platform that allows you to extend the expiry time if you think your prediction is still correct but the expiry will be so soon and you need a little more time for your trade to come in to money or you think that your prediction will be incorrect at the initial expiry time but will be correct at a later time.
Should I install software?
No, Fxglory Option is a web-based trading platform. You need to open and fund an account with us and then log in to your account and trade on any device that has an internet connection.
What is the actual time on the platform?
The Fxglory option trading platform time is GMT.
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