Types of instruments found on the Binary XChange trading platform
Binary Xchange’s TradeStation, offers its clients a cutting-edge platform with a variety of option types to choose from as well as a wide range of trading assets. Our aim at Binary Xchange is to offer traders a simple, user-friendly, and accessible platform to trade the financial markets 24 hours a day, five days a week. Each type of instrument is fully customizable and offers traders a fast and easy trading experience guaranteed to create a trading environment where they get the most out of each trading session.
Below you will find the different types of instruments offered on TradeStation:
The High/Low instrument is the most common type of option available and widely used amongst investors. It provides investors with the ability to place Call and Put trades on the following time frames: 60 seconds, 2 minutes, 3 minutes, 10 minutes, 15 minutes, 30 minutes, 45 minutes, and one hour.
To place a Call or Put trade, follow these simple steps:
1. Select the asset that you wish to trade by clicking on the drop-down menu found on the top left-hand side of the platform.
2.Choose your preferred expiry time, which can be found on the top right-hand side of the platform.
3.Then, click on either the ‘Call’ or ‘Put’ button depending on which direction you would like your trade to follow.
4.Finally, enter your investment amount, click ‘Apply’, and your trade is placed!
The Option Builder instrument provides investors with the opportunity to manage their risks by customizing their trades according to the risk management strategy they wish to follow. This specific attribute allows you to take low, moderate and high risk trades. Furthermore, this unique feature awards the investor with the possibility to adjust the risk level and pre-set a payout plan in case of a losing trade.
The available payout plans are as follows:
Although the mechanics and concept of executing a trade with the Option Builder tool are very similar to executing a High/Low trade, with the Option Builder you have the ability to choose your payout plan by clicking on “Payout” on the top right-hand side of the platform, before validating your trade.
One Touch options provide investors with a 600% payout once the price of the underlying asset reaches or surpasses a predetermined barrier. This type of option is one of the most exciting from our range of instruments.
Traders who are familiar with daily levels of support and resistance can make their profits by recording what price level the market touches during a market session.
Trend traders who are familiar with the direction of the trend and comprehend the market direction well can also use one touch options to yield daily profits. Those who know the trend direction know the price is going to touch that level.
One Touch options are ideal for those who want to follow the trend and just allow the trade to ride while they see to their day-to-day affairs.
To place a One Touch trade, simply click the “One Touch” button found on top of the platform, and place either a Call or Put trade on the right-hand side of the trading platform.
Note: The deadline for One Touch trades is up to one hour before the pre-set expiry time. All times are in GMT.
Trade Multiplier & Stop Loss Features
The Trade Multiplier feature found on the TradeStation platform is a tool designed to allow investors to maximize their profits on a single winning trade. From the moment you execute your trade, you will be granted the ability to multiply your investment amount so as to maximize your profit potential from a single trade. The idea behind this is to maximize your gain and minimize your exposure, as the more trades you place, the more you expose yourself to the markets.
For example, let’s assume you have conducted your analysis and placed a $50 Call trade on EUR/USD which you’re sure will end In-The Money. Instead of having to place additional trades, you are then given the opportunity to multiply that single trade’s amount up to 6 times. Multiplying the trade by 2 will duplicate the trade with a $100 amount, using the x4 multiplier will duplicate it with a $200 amount, and using the x6 multiplier will duplicate it with a $300 amount.
The Stop Loss feature is another risk management tool offered to our investors in order to help them minimize their losses.
For example, let’s assume you have conducted your analysis and placed a $100 Call trade on EUR/USD; for some reason, the market moves against you and it is obvious that the trade will end Out-Of-The-Money. With the Stop Loss feature, you have the opportunity to opt out of your trade before it expires, by clicking on the Stop Loss button and recuperating 5% of your traded investment, as opposed to losing 100% of your investment in the case that the trade is in fact a losing trade. This is a feature used by many Binary XChange users, who try to adjust their risk level when they foresee a loss.