"I have to test it directly. I don't think so if I don't see it. How many times have you heard these words, spoken by a rather sceptical interlocutor? If you are there to tell your adventures and/or your fortunes in the world of investment and who listens seems undecided, restless and a step away from asking if it is all true or if it is a fantastic story, well, most of the time we Italians need to try a service before using it to full: just open a demo account to trade.
This is well known by the various brokers who, in a rather intelligent way, have opened their platforms to the so-called demo sessions: let's see together some services to understand the best possibilities of free demo trading.
What are we talking about? But the possibility of creating a free account on one of the many platforms that deal with investment, forex or binary options on the market and try to play with a simulated treasure. Just take a few minutes to record and you can access applications (for PC and/or Mac). The platforms that give you the ability to perform an online trading simulation without registration do not offer the same advantages as those we will list today. To test your interests, you can also interact with Apps (for iPad but also for SmartPhone) created specifically by various Brokers. Sometimes Brokers give the possibility to take advantage of some demo days, with which they can take advantage of the features of their software very special.
You will have at your disposal a sum of several thousand euros that you can invest in a coordinated manner, using the tools, graphics and sections related to training that you will find in the platform you have chosen. Below is a series of tips on which portal/broker to choose from. Read the pros and cons of each platform carefully and dive into your simulation session.
One of the brokers, which is particularly concerned with binary options, is iq option. This particular web platform allows you to do all the management operations at no cost in complete peace of mind: just open an account for demo trading and start familiarizing yourself with the forex and binary shares market.
Obviously, the risk will be absent, as well as the possibility of earning real money, but no doubt iq option will allow you to check all assets and trends, as well as experience all the relevant operations as if you were taking advantage of a real binary options account. After registering for a demo account with iq option, you will immediately receive a small deposit to use to trade as if you were using a trading tutorial.
Thanks to these first platforms that we are starting to present, it is possible to carry out binary trading operations in a free and strictly demonstrative way. However, this is a good way to approach option operations without having to spend anything at all. However, these brokers have a whole series of features that allow you to get in touch with the best strategies, with maximum security and protecting your capital until you feel safe to face the market.
A further possibility for those who want to try to "play" with market transactions is provided by plus 500 webtraders. Why make all these possibilities available to open free demo accounts? Obviously to understand what more you fit to your habits and test more platforms before going to use real money.
Then you just need to update your account and start to let simulations go, to trade for real money, gaining from advanced technical analysis systems.
In 2015 MetaQuotes launched MetaTrader4 software, a platform dedicated to those who are preparing to use online trading for their investments. From the beginning the platform has been in favour of users for the many advantages offered, including ease of use for newcomers to the industry and compatibility with all operating systems, both with mobile versions.
It is clear and almost obvious to say that the choice of platform on which to carry out forex trading is fundamental, above all it requires a careful evaluation of the services offered that must satisfy the individual needs of the trader, also providing advanced and reliable tools.
The world of the web is a concentrated of platforms born to make investments online, the choice of platform on which to trade is at the discretion of the trader based on the type of strategies used. MetaTrader is now considered one of the most used and reliable, we see the advantages it offers:
We have already said that MetaTrader4 is relatively easy to use because both the interface and the tools made available, although advanced, are intuitive. The advice, especially if you are "new" investors and users of these platforms, is to try the free demo version, so test the various tools and get familiar with us.
First step: download and install the software on your computer. Once you have done this, you can proceed with opening your account. If you want to install the app to be able to use the platform from your mobile support, you must refer to the two available for both Android and Ios.
The initial screen that appears at the opening shows graphs to represent the trend of some currencies, but each trader can easily customize it both aesthetically and by deciding what to display. By right-clicking you will have access to a series of options that will allow you to define first which and how many graphs you want them to be displayed, for how long and also to establish color, size and type.
In the section defined Symbols it is possible to select the currencies that we want to display, while the relative information on the various pairs can be viewed through the Properties button: if we want to put the display of a particular pair in the foreground, to facilitate and accelerate the orders we can activate the relative pop-up. Through the Market button the trader can choose which market to follow according to his specific needs.
Another interesting section to consider is that related to the functions offered by the Browser window, where you can instantly check details (including current and past accounts of our broker), change the indicators set for our charts, consult and manage the automatic strategies made available by the MT4 platform.
To better monitor the current operations, there is the bar indicated as Terminal Window, here you will find all the important information such as: open positions, current and past orders, alarm signals set to avoid bad surprises (such as the limits imposed on the investment / loss threshold).
Of course, if you have a tablet or smartphone and you want to dedicate yourself to free tests and demos to train your faculties as an investor, you can easily download apps for trading from the dedicated stores opening accounts that give the possibility of simulations. All the main services like the ones we have already discussed allow you to use your own reference application and get the opening of a free account to test and experiment without having to spend real money.
Do you want to embrace the scalping strategy to earn money in the online trading market? First, you will need a brief "summary" of how this technique works, and then, thanks to our advice, you will learn more about the most interesting maneuvers that over the years have allowed many successful traders to earn quickly.
CFDs are Contracts for Difference, instruments used to move the prices of shares, government securities, indices, etc., in the market. CFDs are used at precise times in the market. For example, if you think that certain actions, in an already bullish context, could rise even more level, it's time to buy.
As part of our "study path", after addressing the main basic terms, today we will address a very important topic such as the analysis of trends in Forex market. As we did for the trends at home Trading, today we will deal with issues related to Forex indicators.
Today we will talk about a simple but very effective and reliable technique for binary options trading, with a 5-10-minute expiry and a 5-minute timeframe.