How to Trade Binary Options on Stockity

What is an Asset on Stockity?

An asset is a financial instrument used in trade. The price dynamics of the selected item are the basis for each trade. Cryptocurrency assets are offered by Stockity.

Choose an asset to trade by doing the following:

1. Click the asset section at the top of the platform to see the available assets.

2. You can trade on many assets at once. Click the "+" button straight out of the asset section. The assets you choose will mount up.

How to Trade Binary Options on Stockity?

With the help of Stockity, traders can conduct binary options trades efficiently thanks to an intuitive trading interface.

Step 1: Select an Asset:

The percentage next to the asset represents its profitability. The larger the proportion in the case of success, the higher your payout.

Depending on the situation of the market and when a trade expires, the profitability of some assets may alter during the day.

Every trade closes with the initial profit displayed.

Select the chosen asset from the drop-down list located on the left side of the dashboard.

Step 2: Choose an Expiry Time:

Enter the time you want it to expire. The deal will be deemed closed, or ended, after the expiration period has passed, and the outcome will be decided automatically.

When you close a binary options trade, you are the one who chooses when the transaction is executed.

Step 3: Establish the Quantity of the Investment:

Enter the desired stake amount to play. It is suggested that you start out little in order to assess the market and get comfortable.

Step 4: Analyze the price movement on the chart and make a prediction:

Press the "↑" (Green) button if you believe the asset’s price will increase, or the "↓" (Red) button if you expect it to decrease.

Step 5: Monitor Trade Progress:

Wait for the trade to conclude to find out if your prediction was correct. If so, your initial investment plus the profit from the asset will be added to your balance. In the event of a tie - where the opening price is the same as the closing price - only your initial investment will be returned to your balance. If your prediction was incorrect, your investment will not be returned. For a better understanding of the platform’s interface, you can watch our tutorial.

Trading History.

Please note: the market is closed over the weekend, hence currency pairs, commodity assets, and company stocks are not available for trading. Market assets will be accessible again on Monday at 7:00 UTC. In the interim, you can trade on Over-the-Counter (OTC) assets over the weekend!

How to use Charts and indicators on Stockity

With the wide range of tools that Stockity offers, traders can develop analytical skills and practical insights. We’ll go over how to use the charts and indicators on the Stockity platform in this tutorial. By making use of these materials, you may enhance your trading experience overall and make wise trading selections.

Charts

With the Stockity trading software, all of your settings may be created right on the chart. In the box on the left-side panel, you may define order details, add indicators, and change parameters without losing sight of the price action. 

You can modify their candles and line types. From the lower left corner of the screen, you can adjust the time intervals from one second to five minutes.

Indicators

To conduct a thorough chart analysis, use widgets and indicators. Those include RSI, Fractals, Parabolic SAR, Moving Average, MACD, Bollinger Bands, and Fractal Chaos Bands.

Frequently Asked Questions (FAQ)

What is the minimum investment amount to open a trade?

To begin trading on Stockity, you must deposit a minimum of $10. The minimum investment amount to open a trade is $1.

What is a Fixed Time Trades trading mechanics?

Fixed-time trades (FTT) represent the primary trading mechanism on our platform. FTT trading lets you profit even from minute price shifts. The fundamental concept of FTT trading is that you predict whether an asset’s price will rise or fall, set a time for the trade to conclude, and earn a profit if your prediction proves accurate.
 

FTT trading comes in two types:

• Short-term trades – trades that expire in less than 5 minutes.
• Long-term trades – trades that expire within a duration of up to 60 minutes.

What does 5-second trades (5ST) mean?

5-second trades (5ST) is a trading method that enables you to execute superfast trades with just one click.

Similar to Fixed Time Trades (FTT), 5ST allows you to profit from the smallest price changes. You select the asset, and the trade amount, and predict whether the asset’s price will rise or fall. If your prediction is accurate, you earn a profit.

The key distinction is that the expiration time for 5ST trades is always fixed at 5 seconds.

Additional points to consider:

• 5ST is only operational on new charts with Mountain and Line chart types.
• 5ST is accessible for Crypto IDX, NDX/USD, DJI/USD, and all OTC assets.
• Due to their rapid nature, 5ST trades only work within a 1-second time frame.

In summary: Trade Easily - Using Stockity’s Platform to Conduct Smooth Trades

Traders of all skill levels can participate in the financial markets with ease by using Stockity’s trading platform to place trades. You can execute transactions with confidence by using the user-friendly interface, picking assets carefully, and examining market patterns. 

With Stockity’s trading platform, traders of various experience levels may easily participate in the financial markets and place transactions. By carefully selecting assets, analyzing market trends, and utilizing the user-friendly interface, you may execute transactions with confidence.