I know it’s an easy question for you Guys/Gals. And I want to thank you all ahead of time. Say I buy a binary, just for number’s sake. Say I buy a binary for $50.00 and then it goes south and I decide to get out of the trade At -$20.00. How much money was actually lost in this particular trade? Looking forward to your response.
Binaries and getting out early?
Are you asking if the binary is worth $20?? Then you would have lost $30. $50-$20 = $30
If you are asking if your loss is showing -$20, then you would have lost $20 (with the binary being worth $30)
*Not including fees.
Thank you for the prompt reply. And actually, both answers were very useful. I’ve got different answers to the same question from others and I just couldn’t wrap my head around it. I just needed somebody to keep it simple… Thank’s again :-)!