15 minutes to 13 hours
Tradable assets: Currencies, Indices, Stocks and Commodities
Potential payout percentage:
Up to 85%
With the Limits tool, traders are given the unique opportunity to be In-The-Money by setting a Target Rate for an underlying asset. What this means is traders place a trade based on the current Market Rate of a chosen asset and study the movement of the asset. From this information, they decide whether the future price of the asset will rise or fall and a Target Rate is set, which can be higher or lower than the current Market Rate.
To trade with this tool, traders need to make 3 decisions. They need to choose an asset and an expiry time within the 15 minutes to 13 hours range. To trade with this tool traders need to choose an asset and a target rate. These will act as the basis to the trade position together with the selected expiry. Once the market rate touches the target rate, the trade begins.
As such, for the trade to be successful, the market rate should be above the target rate at the expiry time.
To trade with Limits, log in to your account and head to the Trading Platform. It is the ninth tool on the toolbar. Then follow the steps below:
Choose an underlying asset. Limits can be used to trade Currencies, Indices and Commodities.
Choose an investment amount. The minimum investment amount is $25
Study the assest’s price movement and set a strike rate to be hit by the Expiry Time.
Place a Call option if you think the price of the asset will rise by Expiry Time or place a Put option if you think the price will fall.
Limits is an interesting and accessible trading tool. Its key features of interest include:
Or have a look at our other trading tools: