Binary options have seen a surge in popularity lately. They may not be for everyone though, so it’s important to do a trial run on any online trading platform to see if it’s right for you without exposing yourself to monetary risk. That’s the main reason why we offer unlimited demo accounts for all traders at MarketsWorld.
Binary options offer traders only two fixed possible results:
in the money
out of the money
The greatest advantage offered by binary options trading is the ability to realize profit of nearly double the trade stakes. Compared with forex trading or securities trading, with binary options the underlying asset’s price does not need to make huge movements for a trader to enjoy a big win. The simplicity of binary trading coupled with the ability to make rapid profit is what makes binary options trading so alluring to both novice and expert traders. You’re also able to minimize the worst downfall of forex & security traders: doubt. Often traders will close a trade too early, afraid of losing the gains they’ve made; or they’ll let their losses run too far in the hope it will turn around.
In short, trading binary options has become popular because everyone can potentially make money with it – not just experienced traders. Unlike spot forex trading, you don’t have to stay up all night staring at your computer screen. You simply place the trade and relax until the expiry time comes.
Now, why we offer a free demo account: MarketsWorld offers a free demo account because we believe it’s important for customers to become used to our binary options trading platform before they start trading with real money. We want you to be entirely comfortable with the way we work so when you start trading with money you have total peace of mind.
For the same reasons, we don’t place restrictions on your demo account. There’s no initial deposit required and there’s no time limit on the demo account funds. You can reload your demo account funds any time you want at no charge. When you upgrade to a real money account your demo account is void. However, you’re more than welcome to open a new free demo account if you’d like to continue testing strategies before putting them in action. The only restriction on this is that you must use a different email address to do so. Click “trade now” to open your free binary options demo account.
Quite apart from understanding how our platform works, it’s important that you understand how you, as a binary options trader, work as well. This is heavily dependent on both your personality and your goals.
What kind of trader are you? Will you be glued to your computer screen because you can’t bear to miss any slight jump up or down that could make you a profit, or does that sound like your worst nightmare? Some people thrive in the on-the-ball culture of placing many trades throughout the day; others do best placing slightly larger binary options trades over longer periods of time. You need to figure out what’s right for you.
Making dollar and time dependent goals, such as “I want to earn $100 every day” can mean a lot of extra pressure and can push some people to take bigger risks to hit this kind of daily goal. Setting a slightly more abstract goal, such as “I want to save enough to travel through China” or “I want to learn what factors contribute to sudden movements” give you the leeway to lose a little, learn, and earn back your losses (and then some).