Nicosia, Cyprus (PRWEB) May 15, 2013
The purpose of these two new sections is to help binary options traders use EasyXP platform to execute more profitable trades. "We didn't expect such interest in the new section of our site. This proves that there is a strong desire among our traders to be educated." - says Alyssa J. Richardson, from EasyXP Customer Relations Department
How the expiry price is calculated is of monumental importance to the traders. After all, it determines whether they make a winning trade or not. In the interest of transparency, EasyXP outlines exactly how they calculate the expiry price of various assets and defines the terminology used to describe this process. In addition, this section also covers methods traders can use to investigate both historical and current market data.
EasyXP uses three terms when discussing the calculation of expiry rates: Bid Price, Ask Price and Last Quoted Index Price. Bid Price is simply the last quoted selling price provided by the data supporter prior to expiry time. Ask Price is the last quoted buying price provided by the data supporter prior to expiry time. Last Quoted Index Price is the last quoted price provided by the data supporter for the respective index. If a price is not received 60 seconds prior to expiry time, the first price after expiry time will be used.
Each asset class is calculated differently. With indices, EasyXP uses the last quoted index price. With currency, stocks and commodities, EasyXP uses the sum of the last bid and the last ask price divided by two.
The Historical Data
Historical data plays an important role in predicting the movement of particular assets. EasyXP provides data for the past seven days prior to the options' expiry period. To access this data, a trader must go to the Trade History section and click on the Option Expiry Price. If a trader would like to access data that extends past seven days, they only need to contact customer service.
The Data Feed
In order to help traders, EasyXP aggregates the data from the financial world’s leading news sources. Traders can easily access this data through their control panel.
The Early Closure Section
EasyXP offers traders the ability to close out their positions prior to the expiry time set at the time of purchase. This unique feature gives traders yet another means of making a profit from trading binary options. EasyXP wants each of their traders to be completely comfortable with every available trading option. This is why they dedicate an entire section of the Traders Resource guide to the subject of Early Closure List. In this section, traders will find the information related to the terminology, In the Money and Out of the Money calculations and the availability of Early Closures.
In this section, the terms like Market Price, Expiration Time, In the Money and Out f the Money are defined.
In the Money Calculations and Out of the Money Calculations
This section discusses in detail the parameters that will increase and decrease the close value of a position at the time of an Early Closure.
EasyXP is committed to providing traders with everything they need to be successful in trading binary options. Their commitment starts with the award-winning trading platform and continues with the maintenance of an excellent educational resource.