diff --git a/docs/advanced-hyperopt.md b/docs/advanced-hyperopt.md
index cc71f39a7..c86978b80 100644
--- a/docs/advanced-hyperopt.md
+++ b/docs/advanced-hyperopt.md
@@ -79,9 +79,31 @@ class MyAwesomeStrategy(IStrategy):
     class HyperOpt:
         # Define a custom stoploss space.
         def stoploss_space(self):
-            return [Real(-0.05, -0.01, name='stoploss')]
+            return [SKDecimal(-0.05, -0.01, decimals=3, name='stoploss')]
 ```
 
+## Space options
+
+For the additional spaces, scikit-optimize (in combination with Freqtrade) provides the following space types:
+
+* `Categorical` - Pick from a list of categories (e.g. `Categorical(['a', 'b', 'c'], name="cat")`)
+* `Integer` - Pick from a range of whole numbers (e.g. `Integer(1, 10, name='rsi')`)
+* `SKDecimal` - Pick from a range of decimal numbers with limited precision (e.g. `SKDecimal(0.1, 0.5, decimals=3, name='adx')`). *Available only with freqtrade*.
+* `Real` - Pick from a range of decimal numbers with full precision (e.g. `Real(0.1, 0.5, name='adx')`
+
+You can import all of these from `freqtrade.optimize.space`, although `Categorical`, `Integer` and `Real` are only aliases for their corresponding scikit-optimize Spaces. `SKDecimal` is provided by freqtrade for faster optimizations.
+
+``` python
+from freqtrade.optimize.space import Categorical, Dimension, Integer, SKDecimal, Real  # noqa
+```
+
+!!! Hint "SKDecimal vs. Real"
+    We recommend to use `SKDecimal` instead of the `Real` space in almost all cases. While the Real space provides full accuracy (up to ~16 decimal places) - this precision is rarely needed, and leads to unnecessary long hyperopt times.
+
+    Assuming the definition of a rather small space (`SKDecimal(0.10, 0.15, decimals=2, name='xxx')`) - SKDecimal will have 5 possibilities (`[0.10, 0.11, 0.12, 0.13, 0.14, 0.15]`).
+
+    A corresponding real space `Real(0.10, 0.15 name='xxx')`  on the other hand has an almost unlimited number of possibilities (`[0.10, 0.010000000001, 0.010000000002, ... 0.014999999999, 0.01500000000]`).
+
 ---
 
 ## Legacy Hyperopt
diff --git a/docs/hyperopt.md b/docs/hyperopt.md
index 0e6bded92..b073a73b6 100644
--- a/docs/hyperopt.md
+++ b/docs/hyperopt.md
@@ -294,6 +294,7 @@ Based on the results, hyperopt will tell you which parameter combination produce
 ## Parameter types
 
 There are four parameter types each suited for different purposes.
+
 * `IntParameter` - defines an integral parameter with upper and lower boundaries of search space.
 * `DecimalParameter` - defines a floating point parameter with a limited number of decimals (default 3). Should be preferred instead of `RealParameter` in most cases.
 * `RealParameter` - defines a floating point parameter with upper and lower boundaries and no precision limit. Rarely used as it creates a space with a near infinite number of possibilities.