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Exchain Options Highlight
EXG is tradable in the Exchain Options Platform.
Refer and earn
Refer friends to Exchain Options, earn 30% of trading fees paid by your direct referrals(*)
(*) Referral commission will be updated when the Exchain Stake launches.
Any users who stake more than the US $500 are eligible to earn a total 50% of trading fees paid by their referrals in 7 levels deep, including:
Glossary of Terms
EXG is tradable in the Exchain Options Platform.
Ask — the price at which the asset is sold, i.e. the market selling price. All market quotes include the selling and buying price: bid and ask. The difference between the two prices is called the spread.
Asset — commodities (GOLD, OIL), company shares (BMW, Google), currency pairs (GBP/USD, EUR/USD, AUD/USD), indices (CAC40, DAX, S&P 500), pairs (GOLD/SILVER) i.e. financial instruments on the price dynamics of which trades are based.
Australian Dollar — the official currency of Australia (the “Aussie”; code: AUD), one of the major Asia/Pacific currencies traded on the Forex market. The Australian dollar shows increased volatility during the Australian and New Zealand trading sessions. Strongly correlates with the national currency of New Zealand (NZD).
Bears — traders who bet on an asset price fall. Bears expect descending trends and mostly open short positions. The market is called a "bearish" or "bear" market when the quotes show clear downtrend. The opposite of the bears are bulls, who bid on the asset rise. This creates demand and supply, which support the quotes movements.
Bid — the price at which the asset is bought, i.e. the market buying price.
British Pound (Pound Sterling, “the cable”; code and symbol: GBP, ₤) — the official currency of the United Kingdom and the third most widely held reserve currency after US dollar and Euro.
Broker — an individual or organization who receives and executes buy and sell orders in the market. Brokers charge fees or commissions for their services.
Bulls — market investors who bet on a price rise. on the price rise. A growing market with a clear uptrend is called a "bullish" or "bull" market. The opposite of the bulls are bears, who bid on the price fall. This creates demand and supply, which support the quotes movements.
Canadian Dollar — the official currency of Canada (the “Loonie”; code: CAD). The Canadian dollar is among the top ten world currencies in the Forex market.
Candlestick (Japanese candlestick chart) — a type of financial chart resembling a candle, where the upper and lower parts of the candlestick represent the opening and closing prices, while the upper and lower shadows represent the highest and lowest quote values during the time interval represented by the candlestick. If the closing price is below the opening price, this pattern is called a decreasing (bearish) candlestick. If the closing price is above the opening price, this pattern is called an increasing (bullish) candlestick. The candlestick patterns are often used in graphical or technical market analysis.
Capitalization (market capitalization) — the total market value of the company’s outstanding shares. It is calculated by multiplying the current market price of one share by the number of all shares issued by the company.
Clearing — is the procedure of reconciling purchases and sales of various goods and services between entities (countries, companies).
Commodities — a classification of goods referring to raw materials (metals, energy). Commodities are bought and sold on the commodities market and changes in their value are the object of trading.
Consolidation — price movement with no clear trend direction, when the asset price is confined within a narrow range. This type of dynamics is often called “flat movement” or “a flat”. Consolidation ends when the price breaches one of the range borders.
Currency — official unit of money in any country, which serves as a cost unit on the foreign exchange. Almost all countries in the world have their own currencies. One of the exceptions is the European Union with the single European currency — the EURO (symbol and code: €, EUR). The Forex market is the largest global market, where foreign exchange transactions are carried out.
Currency Pair — the relative value of one currency expressed in another currency. In other words, we can find out the value of one national currency by comparing it to the value of another currency. All currency pairs can be expressed in pre-defined combinations: EUR/SGD, UAD/CHF, GBP/CHF, USD/JPY, etc. Any transaction on the Forex market involves buying one currency and selling another. That is how the currency pair quotes are formed (which serve as the basis for trading).
Current Price — price of the traded asset reflected in the quote chart in real time (charts are based on changes in the current price). Brokers receive the information on current prices from interbank servers.
Day Trading — trading financial assets within daytime, during the European and US trading sessions, provided that all entered transactions have a predefined expiration time and shall end within day trading. Thus, all transactions carried out within day trading have short expiration period (no more than 12 hours).
Dealing Desk — financial operator, which processes trading orders received from the clients by quoting fixed spreads of the instruments. Any Dealing Desk is a market-maker acting as the second party in all transactions carried out by traders.
Derivative — a derivative asset with certain value that depends on a change in the price of the underlying asset. When trading derivative assets, you do not buy the asset: the transaction is based on the bet on its further rise or fall. As a rule, derivatives are used for hedging open positions. However, at the moment, trading derivatives gained popularity without reference to transactions in the stock or commodity market.
Dividend Rate — the ratio between the dividends amount and the share value. The higher is the dividend rate, the more attractive are the shares for investors, as this indicator defines the success rate of the joint-stock company and ensures quick return of investments.
Dividends — a part of emitent’s (a company, which issued shares) total value expressed in money, which is distributed between the company’s shareholders. The payment methods and the dividends amount are defined by the shareholders’ meeting of the company. Dividends paid out in the company’s securities are called stock dividends.
Doji — a pattern referring to Japanese candlestick charts, which has no body: the opening price is equal to the closing price. The candles form a cross, which indicates balance between supply and demand at a particular time interval.
Double Hedging is a technique essentially similar to hedging but aimed at improving trading results rather than protecting traders against risks. At a particular moment, after the deal is closed and the assets quotes start to show a reverse after following the right direction, the trader enters into a new transaction. Its direction is opposite to that of the first trading position, this way the trader is “forcing” the price into a “profit lock”.
Euro — national currency of the European Union (symbol and code: €, EUR). The Euro is the world currency (second to the US dollar), which is often used for creating foreign exchange reserves. That is why the EUR/USD is the most liquid currency pair in the Forex market.
Expiration Time — predefined periods of transaction expiration when trading on the derivatives market. When trading, the expiration time is the moment the trading result is fixed for an open trade.
Flat - the absence of long-term clearly directed upward or downward price movement. Lateral movement of the chart in an obvious horizontal corridor.
Flat Market — a trendless market which moves moves horizontally and shows weak price changes with no clear uptrend or downtrend.
Forex — an over-the-counter (OTC) market, which was established for conducting foreign exchange transactions. The Forex transactions are carried out on quotes charts of the currency pairs. When a trade is made in Forex, someone is buying one currency in the pair, while another person is selling the other.
Fundamental analysis — a market analysis combining all macroeconomic indicators, which may influence the quotes dynamics. Fundamental analysis is conducted without considering technical indicators and quotes. Most often, this analysis is used for trading on the news.
Futures — a derivative financial instrument, which implies buying or selling a particular asset at a specified price in the future. It is the opposite of the term “spot”.
GDP (Gross Domestic Product) — the value of all goods and services produced by a country within the set period of time. A rise in this indicator shows economic growth.
Hedging is a practice of protecting open transactions by buying additional binary options trading in a direction opposite of the ones in portfolio. To protect himself from losses caused by possible price reverse, the trader enters another transaction in an opposite direction.
Horizontal Market — trendless market. This type of market dynamics can be observed at night, during the Pacific session, and before the major economic news is released.
Indicator - a visual chart representation of price movement trends. Various indicators are used to facilitate and simplify the forecasting of future price movements on the chart.
Inflation — percentage change in the Consumer Price Index. This is one of the main indicators of the country’s economic potential. In economically developed countries, inflation is controlled through adjustments in the interest rate made by the Central Bank. The interest rate increases when inflation rises (and falls when inflation rate falls accordingly).
Japanese Yen (code and symbol: JPY, ¥) — the official currency of Japan and one of the most popular currencies in the Forex market. The yen is part of the IMF's world currency basket, along with the US dollar, euro, British pound etc. The Japanese currency shows increased volatility during the Asian trading session.
Leverage — a ratio between the trader’s own and borrowed funds on entering a transaction in the market. As a rule, leverage is provided by brokerage firms in the stock and currency market.
Liquidity — a possibility to sell or buy a financial asset when its value shows some minimal changes. Liquidity always decreases during sharp price fluctuations. The higher the level of liquidity, the more opportunities are offered to investors and traders. Liquidity can be considered as the market’s ability to offset significant fluctuations, when a large number of people are selling or buying the same financial assets at the same time. The currency market has the highest level of liquidity. The stock market has lower liquidity, which explains the sharp price hikes during major economic events.
Long — a long position opened when a trader buys an asset or bids on the asset rise. The term is typically used in reference to the stock market, as it is generally considered that the companies’ shares spend more time in their rise than in their fall.
Long Position — a transaction aimed at purchasing the asset with the expectation that it will rise in value.
Long-Term Trade — a trade with a long expiration period.
Lot — the volume of trader's positions when concluding trades to buy or sell assets (in trading it is bidding on an asset price's rise or fall).
Margin — this is the trader’s funds that are held in an account at a brokerage firm and which are used as collateral when opening trading positions. The ratio of the margin to the position cost is called leverage.
Money Management — wealth management. In a general sense, the term can be referred to risk management and indicates managing deposit funds on conducting transactions.
New Zealand Dollar (the “Kiwi”; code: NZD) — the official currency of New Zealand and one of the most popular currencies in the Forex market. The NZD is a Pacific currency included in the IMF's world currency basket, along with the Japanese yen, US dollar, euro, British pound etc.The NZD shows increased volatility during the Pacific trading session.
Open Position — a market transaction which hasn’t reached its expiration time. An open transaction is a processed trading order received from a trader, which was recorded on the broker’s server.
Order — 1) a trading order. The term indicates “a transaction”. However, a transaction indicates a complete action, while an order may indicate any trading order received from a trader. 2) an instruction provided by trader and sent to the broker’s server in electronic format. The brokerage company conducts a transaction in the market on behalf of its client. A trading order is recorded on the broker’s server.
Overbought zone - a zone of oscillator type indicators where the asset is considered overvalued. I.e. its price is now higher than it is worth, which means that the price will soon fall.
Oversold zone - a zone of oscillator type indicators, where the asset is considered undervalued. I.e. its price is now lower than what it is worth, which means that the price will soon rise.
Pairs (asset pairs) — a synthetic asset, which represents a ratio between the quotes of two assets. Asset pairs resemble the currency pairs.
Pip — one point, the lowest value on the chart.
Point (pips) — the lowest value of the asset price, which is calculated based on the last decimal. This term refers to currency pairs and indices. The price of shares and commodities is expressed in cents.
Price channel — a channel with borders (represented by support and resistance levels), within which the quotes move. There are two types of channels: trend channel and sideway channel. In technical analysis, price channels are used for defining the trend support and resistance levels.
Quote — the numerical value of an asset price at a certain time. On the financial market, a quote is the price which is available for concluding buying and selling trades (for trading it is for concluding trades on an increase or a decrease). On the stock exchange, a quote is the price at which the last share of the company was sold.
Rally — intensive asset quotes movement, which can be observed when major economic news is released. Dynamic price changes during intensive price rise are called a bullish rally (and a bearish rally during price fall).
Resistance — price level, above which the quotes are not expected to rise. As a rule, on reaching the resistance level, the asset price makes a rebound and the quotes start their way down. Resistance levels are key in technical analysis.
Reversal — a change in the direction of a price trend: from rise to fall and vice versa.
Risk — the possibility of financial losses when a trader makes a wrong trading decision. In other words, this is a part of trader’s funds, which can be lost when a transaction fails.
Scalping — a trading strategy used for entering short-term transactions to make many profits on small price changes. Traders who implement this strategy are called "scalpers".
Share (or stock) — the smallest unit of a company’s capital that gives its owner the right to receive dividends (a share in the company’s profits). Shareholders have the right to vote on company management and receive dividends when the company’s profits are distributed among shareholders. The owners of preferred shares do not participate in company management yet receive dividends, regardless of the company’s financial situation. Companies’ shares (stocks) are bought and sold on the stock market. Shares are often included in most investment portfolios as assets that ensure steady income. Company shares may change in price due to changes in the issuer's financial performance and/or stock market sentiment, which allows for speculation on the share's value. Shares have higher profitability than other assets. On the Binomo trading platform, the shares are not acquired physically: the transactions are based on price increases or decreases.
Short — a short position opened when a trader sells an asset or bids on the asset fall. The term refers to the stock market, as it is generally considered that the companies’ shares spend less time in their fall than in their rise.
Short Position — a transaction aimed at selling the asset with the expectation that it will fall in value.
Single-threaded trading — this is a function that helps protect your capital and keep you from making uninformed trading decisions. Once you activate this feature on your account, the trading platform enters a special mode which allows for new trades only after the previous trade reaches expiration.
Speculation — transactions aimed at receiving profit amid the asset price changes, i.e. the term indicates the bids on the rise of assets that are undervalued by the market (and the bids on the fall of overvalued assets). That is why such traders are called speculators: their trading activity is aimed at conducting the abovementioned transactions.
Spot — current price of the asset and a type of transaction, within which the values exchange and the trading operation are carried out immediately. It is the opposite of the term “futures”.
Spread — the difference between the sell and purchase price.
Stock index — weighted average cost of selected group of shares. For example, the Dow Jones index includes the stocks of 30 of the largest and most well-known companies and enterprises in the United States. The Dow Jones indicates weighted average cost of their shares.
Stop Order — a trading order sent by the trader to end a transaction.
Support — price level, below which the asset quotes are not expected to fall. Such levels are drawn on the quotes charts in places with the highest concentration of traders’ orders and are used for technical analysis. We can often see price consolidation at these levels.
Swiss Franc (“Swissie”; symbol: CHF) — the official currency of Switzerland. One of the most reliable and stable currencies in the world, which is included in the IMF's world currency basket.
Technical analysis — a widely used method of analyzing the asset dynamics. In technical analysis, historical values of quotes are used for defining the most likely quotes values in the future.
Tie — a situation when the exit level of the transaction at the expiration time coincides with the asset’s entry price. In this case, the broker returns the full transaction amount to the trader.
Time frame (time period) - the period of time during which one candlestick or bar is formed, or an average price is taken to display a point on a linear chart (Line, Mountain). The larger the time frame, the more visible global trends of price movement are. The smaller the time frame, the more visible current local trends are.
Tournament - a time-limited competition on the platform with a monetary prize fund. The event takes place on a special tournament account and trades in tournaments are made using virtual currency (₮). All participants have the same starting tournament balance at the start of the competition. The main task of the participants is to achieve the highest tournament balance by the end of the tournament. The prize fund is distributed among the winners earning prize places.
Trade DOWN — a trade with a forecast that the asset price will go down and at the time of expiration will be lower than at the time the trade was made.
Trade UP — a trade with a forecast that the asset price will go up and at the time of expiration will be higher than at the time the trade was made.
Trader — a person who speculates in the financial market, i.e. conducts trading operations via a brokerage firm for profit.
Trading Strategy — a set of interconnected strict rules for the use of tools (indicators, lines, etc.) to facilitate the forecasting of price movements and profiting.
Trading hours — clearly defined time frame within which trading sessions in different countries are conducted. There is no trading on weekends and public holidays.
Trading turnover - the total amount of all completed trades. It is calculated regardless of the results of trades.
Trend — the direction of asset price movement. There are two trend types: ascending trend (uptrend, a bullish market) and descending trend (downtrend, a bearish market). The lack of a clear trend on the market is called “a flat” (a situation when the quotes consolidate within a narrow range). Information on trends is very important for trading.
Trend Line — visualized trend of price movement, which is usually shawn as a line connecting the quote lows. Very often, the trend line is used for technical analysis. It is believed that breaching the trend line by the price indicates the trend change, i.e. the beginning of a new opposite trend.
Trendless Market — a market which shows no clear ascending or descending trend. As a rule, trendless market can be observed during the Pacific session or when major macroeconomic news is released.
Turbo Trade — a type of trade with a short expiration period. Turbo trades are generally used when trading on scalping strategies.
US Dollar — the official currency of the United States of America (symbol and code: $, USD). Most countries hold their foreign exchange reserves in US dollars. It is also the main asset on the Foreign exchange market.
Volatility — an indicator showing price change within a certain period of time. Volatility in the financial market is measured by defining root mean square price deviation. For example, the S&P 500 volatility is measured by the VIX indicator.
Yield percentage (payment) - the amount of profit from the investment, received upon a successful trade on the selected asset.