How do one touch options work in the context of digital currencies?

1 answers

• lc DhuvareJan 08, 2021 · 4 years ago
  One touch options are a type of financial instrument that allows traders to speculate on the price movement of digital currencies. These options have a predetermined price level, and if the price of the digital currency touches or exceeds this level at any point during the option's lifetime, the trader receives a payout. One touch options can be a useful tool for traders who have a strong opinion on the price movement of a digital currency and believe that it will reach a certain level within a specific timeframe. However, it's important to note that one touch options are considered riskier than traditional options, as the price of digital currencies can be highly volatile. It's recommended to carefully consider your risk tolerance and to use proper risk management strategies when trading one touch options.
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