IQ Option, a CySEC regulated company, added to its portfolio FX Options. This trading instrument is a smart combination of forex with options. With FX Options traders cannot lose more money than they invested.
How to trade FX Options with IQ Option
1# STEP – Visit page https://iqoption.com/lp/ultimate-trading/en/fx/ (77% of retail CFD accounts lose money.)
2# STEP – Click the button – “Open your free demo account”
3# STEP – Fill in your email and password and click create an account
4# STEP – Congratulations, your account has been created. Now you can trade either with imaginary or real funds
The principle of trading FX options is very easy. First, you select a currency pair which you want to trade, your investment amount and an expiration time. Then you click on a strike price, this bar is located on the right side of the screen. Right next to the strike price bar is also situated a bar indicating how much profit you can make from the investment. After choosing your strike price you basically only decide whether the price of the asset will be higher or lower at the time of expiration.
FX Options in practice
FX Options – features
IQ Option now features 31 forex options that include forex pairs, indices and commodities (gold, silver, crude oil). If a trader chooses to get out of the position before the expiration date, he can prematurely close the trade to fix his profit or loss. FX Options do not fall under ESMA restrictions so they are unlike binary options available to EU traders. A great thing about this type of financial product is that the risk and potential profit of your investment is entirely in your hands and depends on the strike price and direction you chose.
77% of retail CFD accounts lose money.