Demo trading options
Any trader undergoes training, tests acquired skills, developments and strategies. It is for this purpose that brokers have introduced demo accounts, on which you can gain all the necessary skills without risk.
There have never been any problems with demo accounts in the Forex market, because no matter what terminal you downloaded, right up to the official website of the developer, opening a demo account took literally one minute.
Unfortunately, with binary options in relation to demo accounts, everything is completely different. Firstly, many specialized binary options brokers provide a fictitious demo, where no matter where the trader opens a deal, there will always be a profit.
Secondly, brokers require full registration and authorization, and some unique companies require not only a real account, but also a certain amount on deposit.
Demo options from IntaForex
In order to try your hand at options trading, understand the principle of operation and conduct a simple test of the strategy, there is now no need to carry out a full registration or top up your account, because all the functionality of the platform is available in demo mode on the InstaForex broker website.
In order to start familiarizing yourself with options, you only need to enter your email address, and you can enter absolutely any email - the platform will still provide access to trading.
After launching the platform, you will have access to two types of options, namely intraday and forward. Intraday options allow you to make intraday trades with expiration times ranging from one minute to several hours.
Urgent options are long-term options that allow you to place a bet not only within a day, but for a week or even more.
Only InstaForex does not underestimate the profitability of options if they are aimed at the long term. To switch between option types, you just need to click on one of the tabs of interest.
Then you need to select the value of the option (trade size is at least 1 dollar), a currency pair or stock, the beginning and end of the option, and whether the asset will rise or fall over time.
After all the terms of the transaction have been specified, you must click on the “Calculate” button. After this, a new window will appear inside which contains clear information on the asset, the chosen direction, the amount that you will receive or lose if your forecast comes true. Then select "Buy".
Price analysis and forecasting occurs in a separate chart window. It is worth noting that the possibilities of the work schedule are very large. Firstly, six types of charts are available to you, namely candlestick, bar, empty candles, Heiken Ashi candles, line, zones.
More than thirty are also available to you technical indicators. In order to add one of them, you need to click on the icon and select the required tool from the list. You can also select the required chart interval or create your own custom one.
It is worth noting that trading does not just take place as a demonstration, but all your positions and transaction history are stored in a separate table.
The table contains data on the option number, trading instrument, opening price and closing price of the transaction, start time and end time of the option, condition and, most importantly, the result.
Thus, a trader can collect his demo statistics and draw certain conclusions about his own effectiveness and the effectiveness of the chosen strategies.
In conclusion, it is worth noting that trading demo options allows a trader to acquire the necessary skills, hone his own strategy and, most importantly, not lose a penny from his own pocket. And thanks to the know-how from InstaForex - http://instaforex.com/ all this can be done much faster and without unnecessary registrations.