What is a Demo Account?
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I would say that offering a Demo account basically sets credible brokers apart from the scammers! Why? Because only credible brokers want traders to manage their risks as the beginners and test their strategies before they invest their funds. Demo trading is basically self-training and learning where on the demo account a broker offers you virtual money so you can trade without depositing real funds and test either trading is something you can learn and do or not. A demo account basically helps you getting to know:
a) how is the trading platform
b) what is your strategy? how it is performing?
c) confident moves before you invest real money
How to Open a Demo Account on a Binary Options Broker?
(Free Sign up for Quotex Broker
https://broker-qx.pro/?lid=531447)
Simple steps for any broker:
1. Select a broker after proper research (take help from our guide https://www.youtube.com/watch?v=6vrLDiqChAo)
2. Sign up on the broker
3. Select the option of demo account! you'll find it on the home page of broker
4. Login your account and start exploring how trading actually works
5. Start your first trade with virtual moeny (You didn't deposit anything in your account till now)
6. Apply strategy and see results
Remember, practice makes perfect! Use the demo account to build your skills and boost your confidence before diving into real trading.
(Trading involves risks, only employ your capital that is a specific percentage of trading portfolio)
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