A variety of trading services and platforms, which are offered by brokers for trading on the binary market, significantly extend the abilities of traders in the question of producing stable high earnings. The main topic of our material will be a service that helps you not only get initial hands-on experience in binary trading on the market, but also provides the possibility to continuously improve your professional knowledge – the binary options brokers free demo account. Given training service with virtual funds allows you to quickly adapt and learn to work with binary bets and most importantly, doing it for free. In addition, we will provide a pattern of a strategy for rapid growth of your account.
Demo binary options account – how to choose the right training service?
When considering offers from the major brokerage firms on the binary market pay attention, that there is a fairly wide range of tools with different technical parameters and formats of service offerings. To carry out the most effective training and test trading strategies in real market conditions, you must immediately reject demo accounts from brokers who offer this service in an integrative program format. Here will be a simulation of play instead of a real work on the market, as brokers do not offer actual asset quotes but just artificially generate price fluctuations of the market on these interactive training terminals. In addition, the interactive format of the demo account for binary options is often limited in the technical instrumentation necessary for carrying out market analysis. Thus, the trader cannot fully test the trading system or get real trading experience. Against this backdrop, the demo accounts that stand out are those that brokers open on their main trading terminals. This type of learning and testing is offered by a company that provides a full range of technical and support services for training – the Binomo broker.
Instrumentation and real market quotes allow you to receive the most effective mode of strategy testing and trading training on the binary market.
Binary options brokers demo account – strategy for rapid account growth
So, after registering a demo account, open the trading platform with a chart timeframe of 5 seconds, this choice of time period for the operating chart is due to the use of turbo contracts, as it is the most optimal bet format for the fastest possible growth of the account. Then, using a kit of technical indicators built into the platform, set the list of automatic market analysis algorithms on the asset chart:
- The MACD indicator with moving average periods and signal shift 6/12/9
- The RSI indicator with extrema levels of 30 and 70 and a period of 10
- The Alligator indicator with 8/4/2 periodicity, leave the default settings for shifts
After setting the training simulator, the quote chart will acquire the following technical markup format:
Binary options – demo account – practical testing methods
When using the free demo account for binary options, you can test a trading strategy in several different ways. For the first way, we simply study the market history and reveal building patterns for indicators and the market – so you will have a possibility to identify the operating signal format for registering bets, as well as the optimal period of expiration for effective trading. For the second way, we do practical training through the registration of trading positions on known system signals, which we will present below. Thus, we can evaluate the real performance of trading strategies, as well as study the trading techniques in practice.
Strategy signals for rapid growth of your account
For bets DOWN:
- The MACD indicator – the white oscillator moving average intersects the red one downwards
- The Alligator indicator – after a short intersection, the lines reverse downwards
- The RSI indicator – the trend lines of this technical tool reverse downwards above the level of 70 or near it
For bets UP:
- The MACD indicator – the white oscillator moving average intersects the red one upwards
- The Alligator indicator – after a short intersection, the lines reverse upwards
- The RSI indicator – the trend lines of this technical tool reverse upwards below the level of 30 or near it
While testing trading strategies you can define expiration ranges in which the system gives the highest possible results – this figure will be in the range of 2 to 3 minutes. In addition, the real market conditions will allow you to measure the actual performance of universal strategies, as well as the level of their practical effectiveness.
Important: do not save up virtual money, the Binomo company offers unlimited resources. After losing the entire balance of your training account, you can compensate the loss with the touch of a special button:
Only start working on a real account according to the rules of this forecasting approach after receiving long-term, stable profitability results. In this way, you’ll start earning after being fully armed with practical skills to work on strategies and you will be able to trade your first positions to make a profit.