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If you are a beginner in the world of binary trading, it is highly advised to first practice trading on the demo account. This way you can get familiar with the way that trading works without risking any real money. You will also be able to test different strategies and learn by your own experience.
Once you are satisfied with the results you are getting on your practice account, you can upgrade to real account and give it a try for real.
Having a demo account available besides your real trading account also holds many advantages. This way you always have the trading platform available in two modes, and you can trade your proven strategies on the real account and use the demo for testing out new systems.
The first step for any beginner is definitely opening at least one demo trading account. However, it is advised to open multiple virtual accounts with different brokers, so you can actually see the difference between trading platforms. Besides different return rates, each platform has a different 'feel' to it, and it might be that when you are not successful with one platform, you might find another one more suitable for your trading style.
Obtaining a free practice account with brokers which offer this possibility is an easy process. Usually you only need to enter your email and once you confirm it, you will have your demo activated immediately. For detailed instructions about how to obtain demo with each of the presented brokers above, read further instructions.
How to open a demo account with Binary?
To open a demo trading account with Binary.com broker, follow these simple steps:
- Visit Binary.com website - CLICK HERE
- Enter your e-mail and click on the 'Create Free Account' button.
- You will receive a confirmation code to your e-mail and a new page will open.
- Fill in the form on the new page and enter your confirmation code.
- Your account filled with $10,000.00 virtual funds and you can start trading right away.