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Benefits of SPOT

SPOT or Single Payment Options Trading is one of the two options available to Forex traders for trading purposes, the other one being the “Traditional” option.

SPOT can be known as more of a trader oriented option, where in he predicts what he feels with be the movement in the market on a particular day or date. And if the trader is successful in predicting it correctly, then the potential profit to be earned can be very high. And if what the trader has predicted goes wrong, and the SPOT option is not the right hit, the trader will not be suffering a huge loss for it. Only the premium given to him by the broker is lost.

For example, if a trader predicts a scenario where the market with EUR/USD will break 1.5000 in 15 days, he will then attain a premium quote. And in case the predicted scenario actually occurs in the market, then the trader will receive a payout with the premium quote.

Moreover, SPOT options are much easier to trade. It’s all about having thorough knowledge about the market and its trends, because that is the only way by which a trader can be able to predict correctly, the movement of the market.
And if you are accurate, you can receive instant profit which will be transferred directly to your account. And if you are wrong, the only loss that you’ll have to bear is the loss of the premium that you were paid by the broker.

Another great benefit of SPOT options is that it presents its traders with a vast choice of unique scenarios to choose from, enabling the trader to select precisely what he/she believes might happen in the market.

SPOT options allow its traders with many choices, such as Standard options like:

Digital SPOT
This option allows you to receive a payout in case the currency price is goes above or below a certain level.

One-touch SPOT
This option allows you to receive a payout once the currency price reaches a certain level.

Double one-touch SPOT
This option allows you to receive a payout in the situations when the price reaches either of the two set levels.

No-touch SPOT
This option allows you to receive a payout in the situations when the price does not reach a certain level.

Double no-touch SPOT
This option allows you to receive a payout in case the currency price does not reach either of the two set levels.

 

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