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You will trade more recklessly and learn a lot less. Good news for binary traders in South Africa! Good brokers usually have a good demo account, so demo account per se should never be the most important factor.
Demo account is worth nothing without appropriate support and a broker that offers you good real trading experience. Binary trading is a complex mixture of several elements that make the perfect combination only when all added together.
Binary trading demo is definitely one of them. Unfortunately, less and less binary options brokers are offering demo trading accounts as they request complicated and advanced technological support by means of servers and human power.
However, one of the most popular brokers on the market — IQ Option South Africa has a demo account that is available to all traders who decide to join.
You can open it in several easy steps and start testing the platform. If you are wondering if IQ Option scam or not, we can assure you that IQ Option demo trading platform is no different than the real trading platform and contains all important elements that traders use while trading.
Some of the concerns regarding IQ Option were related to their auto trading software and we wrote about that topic in our IQ Option bot review.
After you have tested the platform, you can simply decide to make a deposit with IQ Option. Binary options traders in South Africa can enjoy the benefits of a Binary.
Just like with the IQ Option free demo account, you can use Binary. If you have an opportunity, definitely try the demo account, whether you are a professional or a beginner, as it tells a lot about the broker and gives you an insight into what the trading process might look like in the future.
Make sure to find the right broker as well, as a good binary broker and good demo make a perfect combination!
When you are ready to try real money trading keep in mind that the Binary. This leaves traders two choices to keep trading: Firstly, they can trade with an unregulated firm — this is extremely high risk and not advisable.
Some unregulated firms are responsible and honest, but many are not. The second choice is to use a firm regulated by bodies outside of the EU.
ASIC in Australia are a strong regulator — but they will not be implementing a ban. See our broker lists for regulated or trusted brokers in your region.
There is also a third option. To be classed as professional, an account holder must meet two of these three criteria:. We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques.
From Martingale to Rainbow, you can find plenty more on the strategy page. For further reading on signals and reviews of different services go to the signals page.
If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options:.
In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes.
We will see the application of price targets when we explain the different types. Expiry times can be as low as 5 minutes. How does it work?
First, the trader sets two price targets to form a price range. If you are familiar with pivot points in forex, then you should be able to trade this type.
This type is predicated on the price action touching a price barrier or not. If the price action does not touch the price target the strike price before expiry, the trade will end up as a loss.
Here you are betting on the price action of the underlying asset not touching the strike price before the expiration. Here the trader can set two price targets and purchase a contract that bets on the price touching both targets before expiration Double Touch or not touching both targets before expiration Double No Touch.
Normally you would only employ the Double Touch trade when there is intense market volatility and prices are expected to take out several price levels.
Some brokers offer all three types, while others offer two, and there are those that offer only one variety. In addition, some brokers also put restrictions on how expiration dates are set.
In order to get the best of the different types, traders are advised to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that can be set.
Most trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the same, as the full web version on the traditional websites.
Brokers will cater for both iOS and Android devices, and produce versions for each. Downloads are quick, and traders can sign up via the mobile site as well.
Our reviews contain more detail about each brokers mobile app, but most are fully aware that this is a growing area of trading.
Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to trade wherever they are.
So, in short, they are a form of fixed return financial options. Call and Put are simply the terms given to buying or selling an option.
As a financial investment tool they in themselves not a scam, but there are brokers, trading robots and signal providers that are untrustworthy and dishonest.
Our forum is a great place to raise awareness of any wrongdoing. Binary trading strategies are unique to each trade. Money management is essential to ensure risk management is applied to all trading.
Different styles will suit different traders and strategies will also evolve and change. Traders need to ask questions of their investing aims and risk appetite and then learn what works for them.
Binary options can be used to gamble, but they can also be used to make trades based on value and expected profits.
So the answer to the question will come down to the trader. If you have traded forex or its more volatile cousins, crude oil or spot metals such as gold or silver, you will have probably learnt one thing: these markets carry a lot of risk and it is very easy to be blown off the market.
Please ensure that you understand all the risks involved before trading with real funds. Become a trader. Not ready to trade yet?
You should never invest money that you cannot afford to lose.