Wednesday, January 9, 2019
Difference between Digital, Binary, Forex and Crypto Options on IQ Option
In my article explain what is the difference between the 4 types of trading and the advantages and disadvantages of each.
When I first use the iq option, there is only one type of trading on the iq option platform, namely the Binary Option. But this 2017, iq option adds several other trades, namely Forex, Crypto, and Digital Options.
In the iq option application, you will find 4 types of trading provided which appear as shown below.
Digital Option is a type of option that uses a strike price system. The point here is that we determine whether the asset price will be above or below the strike price at closing time.
When digital option trading, lines will be displayed which are called strike lines. The trading method is simple, first we choose the strike line, then we determine whether the price will be above or below the strike line at closing time.
If you think the price will be above the strike line then select Call and if you think the asset price will be below the strike line then choose Put.
Binary Options
Binaries are the first and most popular type of trading at IQ Option. In binaries we determine whether the asset will go up or down (call or put) in the future.
If we depend on the price will go up we choose Call otherwise if we think the price will go down then we choose Put.
In this binary, the profit has been set at the beginning, so we will see how much profit we will get before buying the option.
Forex
Forex is a type of trading that is also widely traded. The trading system forex is different from Options. the difference is most visible at closing time and profit (profit).
In trading forex, we do not know how much profit we will get, because profits are influenced by price movements, the further the distance the purchase price is at the current price, the greater the profit we get.
Crypto
Maybe you have heard Bitcoin, now this bitcoin is one type of Cryptocurrency or abbreviated as Crypto. Crypto is a digital currency created from the blockchain. So at IQ Option we can trade Crypto, there are 2000 more crypto that have been created and in IQ Option that can be traded only popular ones like Bitcoin, Ethereum, Litecoin, etc.
The way Crypto trades on IQ Option is also simple: we buy or sell assets, for example bitcoin, when the price has gone up, we can sell it and we will benefit from the difference in selling and buying prices.
Conclusion
Binary Options and Digital Options are the types of trading that provide the fastest potential profit, if you are a beginner I suggest starting with Binary Options and Digital Options.
In the IQ Option application you can also trade stocks of world-renowned companies. Basically the type of stock trading in IQ Option is a classic system. For example we buy shares of Google companies then wait until the stock price rises, after the new stock price rises we sell the shares that we have bought. We will benefit from the difference between the selling price and the purchase price.