Any trader, who is willing to trade binary options, would like to try his hand in a demo or at least get a visual overview of what the binary options trading platform is. For this reason, we have decided to place a demoplatform on our websitein order to familiarize future traders with the basics of trading in this market.
Of course, our demo platform is only the prototype for the real one. It consists of only few trading tools, and the price’s movement in it has nothing in common with the real quotes that exist in the financial markets. But the goal of this platform is not to teach you how to trade, but to show how to use the trading platform. And this program meets its challenge perfectly.
Many beginners in trading know that trading binary options is easy. But until they familiarize with this trading platform, they don’t even suspect how simplified this process for the company’s clients is. Binary options’ broker Anyoption has kindly shared his trading platform prototype in order to let traders make sure by their personal example how easy and interesting this process is.
Prototype of platform for the binary options trading is built so that it allows a trader to go through a whole way from selection of an asset to expiration of an option using pop-up help messages. Of course, knowledge in the technical analysis will not be useful here. But, as mentioned above, platform’s prototype is not aiming to teach how to trade. Its’ main goal is to familiarize a trader with such trading platforms, and help him get comfortable within the world of binary options.
After opening of the trading platform’s prototype, a trader will see a message Choose an asset. After opening the pop-up window that is indicated by a message, a trader can choose one of the underlying assets that are offered in the binary options trading platform demo. For example, he has chosen to buy the Put option in the currency pair EUR/USD. In this case, he has to click on the corresponding name.
Then, a trader is offered to choose an option that he will work with. It can be both Call (if a trader assumes that the price of a currency pair EUR/USD will grow by the time of expiration) and Put (in this case, a trader assumes that the price of a currency pair EUR/USD will decrease compared to the current level by the time of expiration).
After the choice is made, the trading platform offers to define the amount for which a trader will buy the binary option. You can choose any amount in this prototype for trading platform. For example, we will take $100. Just below a trader can see what his profit would be, if his forecast turns out to be correct. It can be seen before a deal. In this case, it would be $171, and the trader’s pure yield will amount to $71. If the forecast turns out to be incorrect, the trader’s will return will amount to $15.
After this, it is needed to click trading button and wait until the time expires. By doing so, a trader can complete a fast training on working with a trading platform and invest nothing. And he can train as many times as he wants. Unlike many other binary options trading platform demos, Anyoption has no limits on time and amount of money. It allows a trader to sharpen his skills and thoroughly explore all benefits of the binary options trading platform.