The EmpireOption demo enables everyone to test binary options risk-free. If you want to test your trading skills, there is no better way.
In this article, you will learn:
With this information, you will be able to use the EmpireOption demo as a tool that will guarantee you a successful start to your binary options trading career.
A demo account is a tool that can help you learn and master binary options in a risk-free environment. To accomplish this goal, a demo account provides you with all the features of a regular account but allows you to trade these features with play money instead of real money.
As long as you are investing play money, you have nothing to lose. You can try every aspect of binary options trading, you can test yourself, and you can have fun.
The reasoning behind a binary options demo is attractive: Instead of playing online poker, why not trade with a binary options demo? If you find that you are good a trading binary options, you could stumble on your way to financial independence. If you are no good, you had some innocent fun. Either way, you win.
You get a simulator
EmpireOption offers a simulator that allows you to predict what will happen in specific events. If you are unsure how an event will influence the market, the EmpireOption can provide you with a reliable prediction of the market’s future.
Should a government decide to raise interest rates and you are unsure how this move will affect its currency, for example, you could use the EmpireOption simulator to predict what will happen. The simulator would provide you with a prediction, which you can use as the basis for a trade.
The EmpireOption simulator is a great tool to find trading opportunities. In theory, traders could base their entire strategies on the simulator. Just make sure to keep your expiry long enough for the market to develop the movement the simulator predicts.
Of course, you should test and perfect this strategy before you use it with real money. But that is what the demo account is for.
EmpireOption provides a demo account to their customers. That means, to get the EmpireOption demo, you have to become a customer of EmpireOption first. You can do this by signing up for one of their regular accounts.
The complete process of getting an EmpireOption demo looks like this:
As you see, this process requires you to deposit money with Empireoption. Do not let this step concern you. The empireoption demo is free for you, and you can withdraw your deposit once you are done with your demo. Requesting a deposit is EmpireOption’s way of protecting themselves from the thousands of freeloaders that could crash their servers even though they have no intention to trade for real. If you at least consider trading with real money, the deposit should not concern you.
Other than that, the process of getting an EmpireOption demo is straight forward.
All in all, getting the EmpireOption demo is quick and simple.
Once you have enabled your EmpireOption demo, there are a few things you should do before you start trading with real money. Those things are:
1. Define your skills
Binary options can be a highly profitable investment type – if you have some talent for trading with them. Your first step in using your demo, therefore, should be testing yourself.
Without having traded binary options before, nobody could predict whether they have a talent for such a fundamentally different type of investing. The only way to find out is by actually trading binary options. With the EmpireOption demo, you can make this fundamental self-discovery in a risk-free environment where you know that you will not lose a single Cent.
Compared to real money trading this is a significant improvement that can save you a lot of money. With a regular account, you would have to invest hundreds or thousands of Dollars into skills that you might not have. With the EmpireOption demo, however, you can determine whether it makes sense to invest first and then either take the fast line to financial independence or get out of a trading style you are not made for.
2. Define your trading preference
If you should find that you are good at trading, you have to find out what you are best at.
EmpireOption offers fundamentally different binary options types, each of which poses its own unique mental challenges and earning abilities. The key to maximizing your profits is focusing on the type of investment that suits you best.
With the EmpireOption demo, you can make this decision in a risk-free environment. Try all the tools EmpireOption has to offer, keep those that work well for you, and throw those out that do not. By the end of this process, you will have a clearly defined strategy that guides you to binary options success.
3. Define whether you like EmpireOption
Just because you started your trading career with EmpireOption does not mean that you have to spend your entire trading career with them. If you should find that you like binary options but would like to try other brokers, feel free to do so. On our website, you find a top list of the best binary options brokers available and detailed tests for each broker. Choose the broker you like best and give them a try.
The EmpireOption demo is easy to get and puts you in the perfect position to learn everything about binary options that you need to know. If you have a talent for binary options trading, the empire options demo can put you on the fast track to success. If not, you can learn this valuable lesson in a risk-free environment and have some fun while you do it. Either way, you win.
If you want to try binary options yourself, follow one of our links and give the EmpireOption demo a try now!