1. DIGITAL OPTIONS
The foreign exchange market offers trade which can be very beneficial. But even then while
trading; the investor needs to be very efficient and observant to utilize the several market
strategies very well. The digital option is very helpful in building trade worth benefit. It gives
the trader a predefined option of payoff which none other payoff has. The forex market has a
very vital option of digital options which is an asset for the investors.
This option represents two states. It is known as digital option due to its coding in digital
scheme. This implementation has a very strong idea behind which have two payoffs and that
too known to the trader. This kind of option is reliable and profitable; this is why digital options
are famous amongst traders today. This payoff is somewhat unusual or striking to the mind due
to the outcome. It is far better than binary option and fetches much more than it. In Forex, the
payoff is fixed and not known, but with digital investment it gives more outcomes and earns
profit even if it has expired.