- Binary Options demo no Deposit - why do it?
- How to get the demo?
- What is the main reason for getting demo account?
- What advantages and practices clients get?
- Mobile App
- Getting used to work with the platform
- Trading Platform
- Familiarizing with instrument’s volatility during high risk events.
- We listen to their users
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- User reviews.
- IQ Options - Open Demo Account without deposit
Binary Options demo no Deposit - why do it?
Opening a trading account and commencing trading online with binary options is simple and secure. Thousands of people already found advantages of online trading with multi-millions of dollars actions and trading on margins. Having such account explores large number of opportunities of being involved in global trade on foreign exchange market, CFDs, commodities, fixed income and other instruments.
Due to complexity of technical and fundamental analysis employed, to build a successful strategy for each trade, it is vital that a newcomer has an opportunity to practice and to check his abilities on binary options demo account, where an individual can turn his skills to perfection.
How to get the demo?
Online binary options demo account can be obtained quickly and totally free of charge.
All that is needed from a client is to fill in personal details in application and submit it afterwards.
The company’s representative will contact a customer shortly to double check the details and the password and the account number will be sent on current email. Then, the real time trading can be started immediately enabling the beginner to execute trades using all the major instruments just like on the genuine, real trading platform.
Both platforms barely have any differences and virtually identical between each other. There is no risk that after switching to the account, which is topped up with genuine money, there are no difficulties with using it.
What is the main reason for getting demo account?
When a client applies for opening binary options demo free of charge, it is done for one major reason is to have as much practice as possible and get used to real time trading environment.
Whilst executing the trades on margins, players are involved in high risk activities where the stakes that are put on the table are much higher than the real money, which only covering the required margin of the stake.
The risk and emotions are running high, so this is not only the atmosphere that a beginner must get used to but also to cope with the stress, be up against the problems and learn to adequately perceive the reality to make the right decisions.
What advantages and practices clients get?
When a client opens a binary options demo, no deposit will be needed to top it up. Virtual money will be complimentarily added to the account, hence the real time trades are guaranteed.
A young trader will have an opportunity to practice trades and to find what it is in genuine conditions. There will be an opportunity to use the tools that are contained on the platform, such as:
• Tools for technical analysis
• Fibonacci and classical extensions that determine pivot level
• Supports and resistance levels, which are vital point for entering the market and executing the positions
• Drawing trend lines
Getting used to work with the platform
More importantly, a binary options demo account enables trader to familiarize himself with the platform.
It could be customized in many different ways clients want and feel comfortable with; whilst company’s professional specialists can assist the beginner with every move over the phone. Executing the positions requires basic knowledge from which section a trader should set stop losses, limit orders, enter amount of a trade and calculate the margins.
The charts in front of the trader can be customized too. Most of the traders prefer the candle charts as each candle represent the time frame of a particular chart set. However, it could be changed to dozens of other options that are more convenient for a particular client.
Familiarizing with instrument’s volatility during high risk events.
Finally, each instrument whether this is an FX pair, a CFD or a commodity has different volatility, whereas a new trader has an opportunity to feel this volatility.
It helps the beginner to know the instrument well and to find how it may behave during high risk events such as:
• Payroll figures
• GDP data
• Numbers for inventories supplies (commodities)
• Consumer price Index
• Change in interest rates
There are also many other high and medium risk events.
During these events the volatility on the market might be very high. A new trader can learn the basic aspects of the trading in the real time environment and familiarize himself with the features of the platform very quickly.
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