To be a successful binary options trader, you need to develop a wide understanding of the ZoomTrader binary options trading industry. In line with this goal, we provide you with our expiry rules that apply to all of your trades. We base our expiry rates based on the latest known rates given by Reuters. That is why we suggest that you allot time to read and comprehend to our ZoomTrader expiry rate rules.
You can choose to trade among four asset classes, including the Indices, Stocks, Commodities, and Forex. Despite the fact that we have a universal rule in terms of expiry rates, we also have varying rules per underlying asset.
In order to have a better grasp of our ZoomTrader expiry rates rules, you need to know about the terms and concepts used in the calculation process. These terms include some of the commonly used words such as Bid, Ask, and Last Quoted Price.
Differentiating Bid, Ask, and Last Quoted Price
You must have a clear understanding of these three terms so that you can easily use them when looking at our expiry rates rules. Furthermore, these rules apply to various assets and not just the specific asset that you wish to trade ZoomTrader.
In trading binary options, we use the word “Bid” when we are pertaining to the selling price of an asset based on Reuters’ last known price before the option expires. On the other hand, we say “Ask” to refer to the buying price of a certain asset, depending on Reuters’ last known price before the option’s expiration time.
And when we use the term “Last Quoted Price” (LQP) in our ZoomTrader expiry rates, we refer to the last known price that was paid for the asset, before the asset’s expiry time. However, the price indicated in the LQP may not be the same as the Bid or Ask prices.