DESCRIPTION: For those with questions about how multiplier contracts function, this article may offer insights.
RESOLUTION STEPS:
- Define your position: Select the market you want to trade and set other essential parameters including trade type, stake amount, and multiplier value.
- Set optional parameters: Define optional parameters that give you more control over your trading, including stop loss, take profit, and deal cancellation.
- Purchase your contract: Purchase the contract if you are satisfied with the position you have defined.
NOTES: To enhance your understanding, take a look at the screenshot below.
FOR FURTHER INFORMATION:
Deriv website: https://deriv.com/trade-types/multiplier/