A demo account, even on binary options, is a mandatory attribute of every beginner, since it all starts with it.
What is a demo account for?
Many people think that the demo account was made specifically for learning, but I hasten to disappoint you, alas, this is not entirely true.
A demo account with virtual money is created so that you just try to “click”, check the trading platform and generally get used to it.
But you won’t be able to earn money by trading not with a demo - with virtual funds, since there is no feeling of that psychological moment that you trade with real money.
On a demo, you are unlikely to be able to withstand the trading rules of your strategy, this is just a “human factor”. You will not want to waste time on virtual money and want to switch to a real account as soon as possible, and rightly so.
Do I need a demo account?
A demo account can help you get comfortable with the trading platform, but nothing more. You cannot trade on the demo for more than 1 week, if you have been on the demo for more than a month, you are unlikely to be able to switch to the real one.
It will be just psychologically difficult for you. Starting to bet on real money, you will begin to fear for every dollar, so as not to lose it, and in 50% your forecast will be unprofitable.
To prevent it, you will need investments at the initial stage, this is the money that you are not afraid of losing.
At the same time, it is important to learn how to maintain a neutral psychological background during your trading, then yours will certainly succeed.
If you don't react negatively to every losing position and positively to every profitable position, then this is the first "indicator" that shows that you are ready to move to real money.
How to open a Demo account?
A demo account can be opened absolutely free, but you need to register. Just go toand at the top left click "Open an account":
After entering all the data, specify the account type "Demo":
Immediately after that, the data for entering the trading platform will be sent to the email you specified, where virtual 10 000$ will already be waiting for you!