Binary options are simple to understand. However, there are terminologies that are way beyond our know-hows, especially for beginners. Although these were mind-boggling at first glance, with our comprehensive binary options glossary, it will be easier for you to comprehend with these terms.
Bid, execution rate, mid-market and expiry time – these are just some of the trading terms that you will encounter once you start trading binary options. Actually, lots of trading terms await you on your succeeding trades. Most common trading terms and concepts are defined in our binary options glossary to give you a better understanding on these technical jargons. It also defines some of the most confusing words that you’ve encountered during your first few steps in trading binary options. We will help you get along with these words as you move on to your succeeding trades.
What you will find in our binary options glossary
When learning these terms, it’s highly advisable for traders to explore the basics first before venturing to the advanced level. This includes binary options, assets, Call option, Put option, in-the-money, out-of-the-money and at-the-money. For beginners, these are most likely the terms that you will encounter during your first trades. You need to thoroughly understand each definition as this serves as your foundation to jump-off to the next level.
Two of the most common terms included in our binary options glossary are the “Call” option and the “Put” option. When buying a Call option, the trader believes that the asset’s price will rise above the current rate at the time of expiry. However, if the trader thinks that the price will fall below the current rate, he will choose the Put option.
The term “asset” can be stocks, commodities, currencies or indices. Ikko Trader offers over 70 assets in our Ikko Trader asset index available for trade.
Our binary options glossary also contains some advanced trading terminologies and outside entities involved in Ikko Trader trading. These terms are execution rate, expiry rate, Reuters, mid-market and expiry time.
The terms are arranged alphabetically for your convenience. Furthermore, a search box is also provided so you can simply key in and search a specific word or phrase. If you’ve encountered an unfamiliar term during your trade, click on our binary options glossary link and look for its definition. This resource is free to all Ikko Trader members. Should you not find the term you’re looking for, you can contact our customer support to give you further assistance.
When you decide to enter Ikko Trader binary options trading, we recommend that you should educate yourself before you begin to trade. Although it’s true that it doesn’t require prior experience, it’s necessary to invest for a better understanding about the basic terminologies and the rest of the trading process. You need to familiarize yourself from the basic to the more advanced terms. It’s more likely that you will encounter these terms from time to time, so always keep an eye on their definition and memorize as much as possible. Reading binary options glossary is beneficial especially for the new entrants in the industry.