Written by: Sophie May
This platform allows traders greater flexibility to customize trades and develop their own unique trading style. This is definitely a great platform for traders to experiment with on their demo account, as they become increasingly familiar with the binary options market.
Advantages
The Option Builder gives traders a great level of control over their investments, allowing you to set the precise expiry times and risk levels for every trade. Once you have grasped the basics of binary options trading, this is a great tool to utilize. Your confidence in entering various trades will naturally differ depending on how stable the market looks. This platform recognizes that fact and enables you to adapt accordingly.
Many traders find it liberating to control their exact risk level and trading schedule. The Option Builder is therefore often considered a natural progression from the standard platforms, as traders test the waters and formulate their own, personal, trading strategy.
How it works
This is a variant on the basic Digital Options Pro platform, but with greater control and flexibility for you, the trader. Choosing the underlying asset and investment amount remains exactly the same. Also, as with the standard binary options trade, the success is dependent solely on the direction of the asset. What differs is the greater flexibility offered for choosing the exact expiry time and level of return that you desire.
If you believe that the value of Gold, for example, will increase in the next two hours, select the precise expiry time and click ‘Up’. Not as confident in this particular trade as you are usually? Just alter the return percentages. You may prefer a 55% profit level and 30% insurance in order to better protect the investment.