Binaries products, including digital 100s and sprints, are only available for Pro clients. Retail clients with a position that expires after 3 May 2021 will only be able to close the position via phone.
A digital 100 is generally based on a single question with a yes/no answer. For example, a typical digital 100 statement might be ‘FTSE 100 to finish up’. You’re then presented with the option to buy the digital 100 if you think the FTSE will be up at the end of the trading day, and to sell if you think it won’t.
Step 1
Choose the appropriate digital 100 type, based on what you think will happen.
Step 2
Select your strike to view the market’s chart, with one eye on streaming data and real-time profit and loss.
Step 3
Decide upon your stake, work out your maximum potential profit and loss, and take a position on whether the event will take place (buy) or won’t (sell).
Note:
The fast-moving nature of IG digital 100s provides the possibility of short-term gains, alongside any potential losses. Although they are limited risk, you should be aware that there is still the potential to make substantial losses as well as gains.
Related questions
IG Academy
Become a better trader with IG Academy. Take engaging step-by-step courses, attend expert-led seminars and webinars.
©2003 - 2024