Hello there is one thing I don't get, maybe someone can help me out. So lets say I want to buy Gold (contracts).
I can do this via CFD (Gold Kassa 1€) for example or via barrier options.
If I choose barrier options and then for example "Spot Gold Barrier Call", I can choose how many contracts, stop, limit and so. And I can also choose the Knock-out level. I know what the knockout level means, if the price reaches this level the whole position is worthless (100% loss). But if so, then why shouldn't I pick a knock-out level as far away as possible? The more leeway I have the safer is it for more. So what's the downside of picking a far away knockout level?
Also is it true that a CFD Gold Kassa has no knock-out level per se?
