Demo account for binary options - Page 5
Page 5 of 11 FirstFirst 123456789 ... LastLast
Results 41 to 50 of 101

Thread: Demo account for binary options

  1. #1
    Educator
    Join Date
    Jun 2013
    Posts
    1,103
    Thumbs Up
    Received: 579
    Given: 189

    Demo account for binary options

    Roboforex company allows to try trading in risk-free mode using demo accounts on Robooption platform.

    To open demo account, you have to click on the button “Demo account”:

    Attachment 11648

    Then you will have to fill in all required forms:

    Attachment 11649

    After that you will receive confirmation code on email – fill in that code on this page:

    Attachment 11650

    Finally, you will observe web page with login and password – I recommend to save this information in a secured place, it will not be duplicated on email for the sake of safety.

    Many traders will confirm that trading on demo account (either on options or traditional currency pairs) has its advantages and drawbacks.

    Of course, to study the platform, it is essential to learn all the basics – what is expiration date, how “call” and “put” options are distinguished from each other and other features of binary options.
    Binary options are very simple in comparison to traditional options, that's why trader with any level of experience would easily learn how to trade it.

    Yet, there are also drawbacks of “demo trading”. It completely excludes psychological component from trading, that is one of crucial factors distinguishing success and failure.

    I will provide couple of examples:

    1. Trader had created and tested scalping strategy for short-term 180-second options, short period of testing it on demo account has shown that his strategy is robust. However, after switching to real money account, trader recognizes that it is tough to execute this strategy for him. Necessity to execute multiple trades increases pressure, finally he/she has series of errors and shifts probability of success against him. Trading on real money generates stress and our most dominant personal characteristics always rule the game. In this case trade has “sprinter-like” type of attention and should better had traded on long term options, picking trades near support/resistance areas. Had he tested his strategy on small real account, he would had avoided large losses and disappointment.

    2. Trader has tendency to overtrade, yet always promises not to do that since “next monday”. Yet he has a personal strength to stick to a winning position. Testing strategy on binary options on demo account allowed him to avoid overtrading and filter most of his bad trades, yet switching to real account showed that he go back to overtrading, making bunch of “testing” trades. We tend to gravitate to our dominant personal characteristics in conditions of stress and disorder. Had he ability to hold position overnight and stick to it, he would be able to cover his losses via large winner, but considering that binary options don't allow to “let profit run”, it was impossible – his personal strength was unemployed while he was fully fragile to his personal weaknesses. Had he tested his trading on small real money account, he would have recognized this tendency at a small cost.

    So, it's important to learn basics of binary option trading with demo account, but it's not recommended to stick to it. After all, everybody has come here to earn real money and trade real money. Be sure you will execute your strategy properly on a real money account.

    Not allowed!

  2. #41
    Registered user
    Join Date
    Aug 2014
    Posts
    1,349
    Thumbs Up
    Received: 28
    Given: 1
    Quote Originally Posted by cozard007 View Post
    I know that using the demo for binary option is good, but I do not think it is the one that will make you master your emotion first. The emotion of learning in the demo of binary option might not be there, but when the trader is working with the real money, the emotion will surface if you want to correct emotion, start learning real account trading.
    Since binary trading is all about timing. I don't think the emotional side is the same as we are trading in forex. Unlike in forex that we can earn good amount of money and loss a lot of money on each trade. In binary its time limit. I do believe we can become a successful trader in binary if we do have some back ground in demo account.

    Not allowed!

  3. #42
    Trader lawners1791's Avatar
    Join Date
    Dec 2013
    Location
    Lawners Makesup
    Posts
    11,924
    Thumbs Up
    Received: 79
    Given: 19
    yes the demo should helps as further to decide of the plan on running of the real binary trading with the business. as different use with the traders casuals on managing of works those to refer as to prepare of the customs on having of the strategy to match of the profile. the use of tools and the indy as to work with the proven strategy to run with the trading.

    Not allowed!

  4. #43
    Trader lawners1791's Avatar
    Join Date
    Dec 2013
    Location
    Lawners Makesup
    Posts
    11,924
    Thumbs Up
    Received: 79
    Given: 19
    demo trading works as similar with the no deposit bonus account plan with the less on balance on running of the good practice on working of the choice with the strategy. to held with the complete of terms with the range on times as to occupy the rules with the rm strategy to see results if those should deliver $2000 in a month.

    Not allowed!

  5. #44
    Trader kie202's Avatar
    Join Date
    Mar 2015
    Posts
    365
    Thumbs Up
    Received: 10
    Given: 4
    there is no way to test a demo trading trader`s strategy on a demo level on binary options, but things are different now, it is a lovely way to practice before entering the market with real money, a strategy that worked well in the forex market is not have a guarantee that it will work in binary options

    Not allowed!

  6. #45
    Trader
    Join Date
    Apr 2015
    Posts
    11
    Thumbs Up
    Received: 1
    Given: 0
    yes dear definitely roboforex offer binary option where we can trade, in robo binary option have 2 types of account 1st live account where we can invest and start live trade and earn real profit, 2nd practice account where we can practice and gaining experience.

    Not allowed!

  7. #46
    Trader Hukam's Avatar
    Join Date
    Jan 2014
    Posts
    8,615
    Thumbs Up
    Received: 250
    Given: 495
    Quote Originally Posted by budado View Post
    Since binary trading is all about timing. I don't think the emotional side is the same as we are trading in forex. Unlike in forex that we can earn good amount of money and loss a lot of money on each trade. In binary its time limit. I do believe we can become a successful trader in binary if we do have some back ground in demo account.
    Oh yeah mate its all about trading experience if we have a good experience of binary trading in demo trading then for sure we can do better trading in real trading account too. But I think trading psychology could affect us in binary option trading too like forex currency pairs market so we have to be ready for that too what is your opinion about that mate?

    Not allowed!

  8. #47
    Trader
    Join Date
    Apr 2015
    Posts
    6
    Thumbs Up
    Received: 0
    Given: 0
    [lang=ar]Yes demo account is very useful because it can learn forex without fear he is allowed to trade at any time.[/lang]

    Not allowed!

  9. #48
    Trader
    Join Date
    Nov 2013
    Posts
    135
    Thumbs Up
    Received: 2
    Given: 4
    Robo binary option demo trading opportunity is a very helpful opportunity for newbie binary option trader. If any newbie trade with Robo option binary demo practice he become skill and expert in his trade then he can able to trade with profitable trade.So thanks robo 's authority for their demo trading opportunity.

    Not allowed!

  10. #49
    Banned
    Join Date
    Jan 2014
    Posts
    6,993
    Thumbs Up
    Received: 211
    Given: 390
    Its good to see that trader's can use demo trading account for binary option trading learning too. I think there is binary option contest too in robo forex broker trader's can join that too and can gain real market experience and psychology testing in real binary option trading account. For now I am happy with forex currency pair trading so not looking forward to join binary option trading.

    Not allowed!

  11. #50
    Registered user Quid's Avatar
    Join Date
    Feb 2014
    Posts
    5,867
    Thumbs Up
    Received: 28
    Given: 12
    Quote Originally Posted by AndreyB View Post
    This is very nice oportunity for binary options trading. But, why they don't give us no-deposit bonus ? In this way we can try to trade real money account with binary options trading with Robooptions. So, dear Misters Administrators, please make a very nice note to the Directors Board and ask about no-deposit bonus for new customers. Thank you very much for your job.
    I believe to learn option very well we need experience first and it is okay to ask for bonus to learn how the robooption real market different or same to the market we can see in the real account,how we differ the demo account to its real account,the option trading is good or not at that time and some other aspects about trading forex in simple way,robooption is simple way but when you decide wrong it will be not profitable for you,many people trade and don't win when the trading is not profitable at that situation

    Not allowed!

Page 5 of 11 FirstFirst 123456789 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •