A demo account is a tool which will help you learn how to trade binary options without investing any real money. It is very good for the newbies of binary options trade to use a demo account before starting with the real thing. You will be acquainted with the various strategies and plays which binary option trade offers before getting involved and before starting to invest real money.
Before you start making some serious investments and using your own money, get started with the demo account. It is best to use it a few months. That way you will get some experience, confidence, you’ll have a chance to test different trading strategies and get to know everything which binary options trade offers.
How do I get a Demo Account?
The first thing that you need to do is to create your demo account with the Australia ASIC licensed and regulated broker at: HighLow.net.
They are the best broker in the market, so it’s the best to start with them. It will only take a few minutes and the only thing that you need to do is to enter a few pieces of your personal information in order to verify your account.
When the account is verified you then need to deposit some funds. The way you do that is by making a minimal $250 deposit on your account. This will get you started and you will be ready to use your demo account to practice binary option trading.
The thing you also need to know is that you are not spending your initial deposit. The deposit is only there for the creation of the demo account and the money will be safely stored there until you feel you are ready to start your binary option trading. Your deposit is not spent while practicing with the demo account it is only when you start the real trade is when the money can be spent.
You will use the demo account for your practice and when you feel that you are good to go with the real thing, you may use your $250 deposit to make your trades. If you do not wish to use this broker or you feel that binary option trade is not for you, choose to cash your money out.
This means that you may withdraw your money at any time without even trading with the real binary options. You can use the demo account for a period of time you desire and after that you can withdraw your money from the account. If on the other hand you feel confident that binary option trade is for you and you feel that you want to continue, you may use your initial deposit to make further trades in the future.
You should always use demo accounts when starting binary options trades because it will protect you and your money and it will also assure you that the platform you have chosen is the right platform for you.
How to Use It?
The demo account is very easy to use. It is a user friendly platform and devised to mimic actual trade situation that may happen with actual trades. You can learn a lot from it because it is devised to follow and give different scenarios which may happen during an actual trade. That way you get a lot of experience and knowledge before starting risking real money in your trades.
Additionally, if you run into any occurring problems or puzzling situations which may confuse you, be sure to contact the customer service department. That way you will get thorough answers about any questions you may have about how the software actually works, the function of certain features of the platform or any other problem you may run into. Be sure to clear up any irregularities or sort out all the questions before getting involved and start investing your own money.
Specifics to Look For
While most binary option brokers require a starting minimum deposit of $250, at HighLow.net, you only need a minimum deposit of $50 to start trading real money, but the use of a demo account is free.
HighLow.net is one of the prime brokers on the web. It offers top assets to its users and allows you to trade with various different options. The assets that you trade allow for versatility which gives you the chance to trade with your favorite ones and experiment with some other ones as well. HighLow also has various binary options types, one touch options, 60 second binary options or spread high low options are just some of the types offered here. Knowing and playing more of them will up your game and by being versatile will allow you to cash in more. Highlow allow customization and more choices than other brokers and is the key of making them one of the premier current brokers. More about this broker you can read in our highlow review.
Sum it Up
All in all, the way to success is to use demo trading first. Before starting to get involved with the real investing do some demo trading first. Practice makes perfect and a demo account’s primary purpose is to give you all the practice possible. It also protects your money and gives you a lot of experience with binary option trading.
Everyone who is new with binary options, or is new with the broker HighLow, should open a demo account and see what all the fuss is about because learning how to properly execute your trades will be of utmost importance in the future.
Get your Free Demo Account, go to: HighLow.net .