It may seem as though you need to be a financial expert in order to get into the trading market, but OptionBit wants to give even the most novice of traders the opportunity to get involved in the exciting, fast-paced world of binary options trading. The goal of this binary option trading platform is to offer novices and expert traders alike the opportunity to enjoy the investment market in a simple and fun-to-learn way.
OptionBit Binary Options
Opening an account on OptionBit gives users the opportunity to select from three different binary trading options. New and experienced traders are both encouraged to evaluate each to decide which seems the most appropriate for their situation. These three options include:
• Range – in this type of binary option trading the trader will predict whether an asset will be within a certain value range when the expiry comes.
• Touch – in this type of binary option trading the trader will evaluate the current trend of an asset and predict whether it will “touch” a certain price point before the expiry comes. This does not mean that the exact value needs to be predicted, just whether a value will be reached or surpassed.
• Digital – this is the most popular form of binary options trading. It involves a trader predicting whether an asset will increase or decrease in value before the expiry. Purchasing a Call or Put option means that the trader will be fully aware of the risk before making the trade, which helps traders learn to manage their risk and gain balance.
Within the Digital form are two further choices that can help traders manage their trades and reduce their risk while also helping to boost their gains. These include:
• Extend – unique to Option Bit, the Extend option allows traders to extend the expiration time of a trade to give more opportunity for that asset to end either in-the-money or out-of-the-money as the trader predicted.
• Close Now – this opportunity allows traders to choose to end a trade before the established expiration time by buying out an option that is either not performing as was predicted in order to reduce risk or is performing well to absolutely ensure profit.
Learning Binary Trading with Option Bit
OptionBit is a simple, approachable binary trading platform that was designed specifically to introduce binary trading and help traders learn the techniques so that they can seek the success that they desire from the trading market. Users who have never traded before or even experienced traders who would like a refresher on the techniques have several resources for learning binary trading so that they are confident and ready to embark on their new trading adventure.