Option Builder

 

Option builder is a feature to trade binary options. It provides expert traders with the possibility of customizing their trades according to the trader’s strategy.

The Option builder tool is provided on the SpotOption binary trading platform and goes under a number of different names, depending upon the branding applied by the broker.

This option builder tool allows traders to set the exact expiry time and risk level for each investment in addition to choosing the asset and amount of investment.

How to use the Option Builder feature

There are several binary options brokers that provide this tool; the trader needs to select a trustable broker providing this service.

Once he/she has an account, the trader will have to select;

  • Asset he/she wants to trade
  • Amount to be invested
  • Expiry time
  • Risk level

For example, if the trader believes that the price of oil will rise in exactly three hours, then he will have to choose "oil" from the drop down menu, then select the correct expiry time, and press the "call" button. If the trader thinks the trade might be risky, he/she can choose a 55% profit level with 30% insurance to protect his/her investment.

References

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