An expiration time is the exact time the trade will be closed.
You choose an expiration time from a drop-down list on the right side of the platform.

There are two types of trades:

• Short-term (1-5 minutes).
• Long-term (15-60 minutes).
  

Please note that you choose the time the trade will close, not its duration.
Example. If you chose 15:45 as your expiration time, the trade would close exactly at 15:45.