Try Binary Options Trading (Simulator)

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

Try Binary Options Trading (Simulator)

Trading binary options is one of the ways to make money online – you know that already. You often come across an opinion saying that it’s an appropriate means to earn money for novices in the area of investing. Then novices often do not know what binary options trading is about, in terms of how the whole system works, etc.

For this reason, you can find the Tips for Beginners on our website, where any trading beginner can learn the very basics. Such information includes, what are binary options:

The trader (you) chooses whether the price of gold, stocks, or other assets will move up or down. If the prediction is correct, the trader is awarded in the form of up to 200% profit of the traded amount. This movement can be predicted fairly accurately and therefore it’s possible to trade binary options to earn money.

Once you know what binary options are, it’s good to try and experience everything first-hand. But you don’t have to invest a penny, everything can be tested completely for free, within seconds. Such practice is called Binary Option Demo Account. On the demo account, you can trade exactly as you would on a regular investment platform (i.e. with IQ option.)

Try trading right now

You can find a test platform below. This is, more or less, what entering a trade with the broker looks like. (This platform is fictional and only suitable for demonstration on how trading classic binary options work – it is not a real demo account)

  1. First you must choose which direction the price will move. (Call or Put)
  2. Then choose the amount you want to invest on the particular trade.
  3. Wait to see how our trade ends.

Touch and no touch option

Binary options can be traded a little differently than what we have explained above, and as you might have tried on our “simulator” test.

One touch (or sometimes called simply Touch) options are different from classical high-low binary options, but certainly everyone will understand. This time it’s not about the price ending at some, or under a certain price.

All we need is the price to move closer and at least, for a moment, to be equal to the target price – then our trade is successful and we make a profit. We don’t care if the price expires somewhere far away. But if the price doesn’t reach the particular level before the expiration time, our option ends up in a loss.

Try no touch options trading

Author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

Try Binary Options Trading (Simulator)

This indicator will automatically place the Trading Simulator on your chart. Make sure to put the file in the “MQL4/Indicators” folder. “Allow DLL imports” in Tools/Options/Expert Advisors before using the indicator.

Figure 1 – Binary Options trading simulator for mt4

How To Use The Trading Simulator

Figure 2 – The simulator works just like a binary options demo account

Do not start to panic when you see the trades disappear on your right-hand side. This is only done to make space for new trades. Notice that after closing the simulator, all trading results are saved in a “csv” file under Data Folder/MQL4/Files when doing live trading or under Data Folder/tester/files when running the Strategy Tester.

When using the Trading Simulator you can combine it with our other MBO MT4 indicators like Market Sessions or News Calendar indicator. This feature is very helpful because most people tend to avoid trading during news releases and only like to trade during specific trading sessions. Every trader should consider these facts when trading Binary Options. In the below image (figure 3), you can see that we have added the News Calendar and Market Sessions indicator with our Trading Simulator.

Figure 3 – The simulator can work along with other indicators like the news calendar and market sessions indicators.

The Binary Options Trading Simulator can also be used to backtest different trading strategies or indicators by making use of the strategy tester on your Metatrader 4. We have found that this function is particularly useful for those traders who are unable to practice during regular market hours. Using the strategy tester enables you to trade a few weeks’ worth of data in just a few hours. The ability to trade even when the markets are close, at any time of the day or night makes our Trading Simulator a highly valuable and useful tool.

Figure 4 – The mt4 binary options simulator can be used in backtests along with historical news data

Success depends on hard facts, and that is exactly what this Binary Options Simulator will give you. You will quickly find out whether your strategy is profitable or not. This will help you in two ways. Number one being that in the event that your strategy was to be unsuccessful, you can move on and invest your time in the development of a new strategy. Secondly, if your method should be profitable, you can work to improve on it and move on to trade it live as soon as possible.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

I must admit that backtesting your strategy is not as real as using real money, but it creates a pretty realistic view of how well you can do with your strategy in the future. I personally think that Trading Simulators are the second best learning aid out there for any trader. Number one would obviously be live trading but that could get quite expensive.

Demo Account

Demo Trading Account

Once you have registered your binary options free demo account, we recommend watching our video tutorials. These are a great way to learn about binary options trading, as they explain the process step by step. They cover how to use our platform, as well as trading methods and patterns worth familiarizing yourself with.

After you have watched the videos, you will be one step closer to starting trading.

Our practice account is designed to let you experience binary options trading without taking any financial risks in the process. It is set up exactly the same as a live account, and all the markets are real markets that are updated with real-time information, so you have the same information that active traders do. The demo is designed to give you the most authentic trading experience possible.

Unlike some of our competitors, IQ Option does not require a deposit when setting up your demo trading account. We are committed to providing a transparent trading environment for all of our users.

Practice makes perfect, and for binary options trading it really is the only way to learn. We know it takes time to master something, and we want you to get all the practice you need so that you can trade binary options with confidence.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

Like this post? Please share to your friends:
Binary Options Online Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: