What is Digit Match?
Digit Matching trade only supported by Binary.com (Binary Options Broker). Previously it used to known as lucky 10 digits. Now it is known as digit matching, where a trader can earn up to 10x return on his/her investment. The trader needs to pick any instrument (mostly the volatility Index) then need to choose any number between 0-9 for that instrument last digit prediction. There are two types of trade available, like either your prediction matches or it differs.
- Matches provide 800% Returns on your investments.
- Differs provides 10% returns on your investments. Means if you choose 6 for any instrument, that means you are betting, if the last digit of that instrument does not come to 6, then you will receive 10% of your stake.
- For example, if you are betting on EURUSD pricing at 1.21559. If you bid 6 that means after 5 or 10 ticks it should not reach to 1.21556 or any value just not 6 at the last point.
This is basically a gambling section. We don’t consider it as real trading either recommend it. But still, for fun money, you can try it!
How to Open Digit Match Section at binary.com:
In order to start trading Lucky 10 Digits, find it in “Start Trading” > “Volatility Indices” > “Digits”
The main indicator to use for this type of trading is the Last Digit Stats
In this section, you can select a number of ticks for getting the statistical data of 0-9 numbers.
It will show how many times those number occurred as the last digit number with that selected tick period.
Strategy for Digit Matching:
For Trading Matches, you need to pick those number which occurred maximum time on last 25 ticks & also in last 100 ticks.
As an illustration, if for 25 ticks “0” came out 12% time and for 100 ticks 15% time. Then you have 12-15% chances to win the digit matching trade with “0”. Next is to configure your money management based on that.
Strategy for Digit Differs:
This is exactly the opposite of what digit matching does & also it has the highest probability of winning but lower return. Just think reversal, if you pick “0” from the previous example, then a chance of occurring “0” is only 12-15%, which indicates, if you pick “0” for digit differ, you will have 85% chances to win. In this case, we will prefer to check the stat for 1000 ticks also.
Below is an example of digit match or digit differ trade. First, after checking the last digit stat, select the last digit from 0 to 9. Below 0 selected. If the last digit after 5 tick comes to 0 then the trader will earn 800% return else if trade bet on digit differs. Then he/she will earn 9% profit.
In this case, we have selected 0 as digit differ. Means after 5 tick last digit will not be 0.
We can see we have won it after 5 ticks. Last digit was 8 not 0.
Money Mangement is a tricky part here. For Digit matching with 10% winning rate & 800% return, you if you bet with 0.50 cent 10 times, that means you will lose $4.5 total & earn $4, on one winning trade.
$4.0 -$4.5 = – $0.50
Negative 0.50 cent return. Luckily if you win 2 times of out 10 then you are in better shape. You will earn $4.
$8-$4 = $4
In case of Digit differ with 10% return & 90% winning rate. Out of 10 trades with 0.50 cent per bet, your net balance would be negative.
$0.45 – $0.50 = – $0.05
Cause just losing in one trade cost you bigger than what you have earned so far. Being 100% honest here. Thus in order to get success, you need to use double lots. But its still very risky. No matter what you do, you will only earn 10% which is too bad to recover some losses even with a martingale.
People still do this kind of betting with pure caution. For example, no need to trade 10 times, after trading 2-3 times stop trading, cause you have already earned 30% on your investment, that’s good enough. Being greedy is typically bad here.
One Common Rule for Gambling:
Never trade too much, if you trade 3 times and earned 30% total on your investment. Then stop trading, try next day.