One of the simplest methods to trade stocks, commodities and currencies is with digital options. If your strategy and forecast is sound, and the price of the asset you choose is moving in the right direction, you are bound to be in the money.
Problems arise when a trader does not make consistently sound decisions, which is far more difficult than it appears. It takes a lot of practice to become successful.
Here at IQ Option we know the most common pitfalls of beginner traders and provide customers with an opportunity to sharpen their skills before diving into the exciting world of trading.
The company has also dedicated a team of experts to ensure that their clients gain full support while using the demo account and have all the knowledge and tools they may need before entering the real market.
The free demo account works exactly as the real one, giving novice traders the opportunity to test-drive the system in advance. It is vital for traders to familiarize themselves with various trading techniques before investing their own funds.
One of the demo account’s advantages is a chance to use different technical analysis tools such as candlestick charts, Fibonacci retracements, pivot point trading etc. Becoming familiar with specialized techniques and secrets and having absolutely no risk involved makes the learning process more enjoyable. Practicing on a fully functional demo platform while also being able to compare trade results based on fundamental versus technical analysis strategy provides impressive results.
Yes, all quotes used for your demo account are the exact copy of the quotes used for real accounts and 100% real. In this regard trading with a demo account is in no way different from trading on a real account. This approach will help new traders to work out the correct attitude and become totally accustomed to the business methods, rules and regulations of digital options trading.
IQ Option is a professional brokerage company that understands the emotional involvement certain traders feel towards digital options. We have, therefore, made it possible for traders to practice their skills and strategies on a demo account whenever they want and regardless their real account balance.
IQ Option has a £10 deposit policy, which, of course, is not applicable to demo accounts. The latter can be used both before and after replenishing the real account. Once ready to participate in real-life operations, many traders choose to replenish the account with the minimal deposit and then add some more. Don’t forget that trading using a demo account is an important step for any newbie trader.