In the European Economy Area, binary and digital options are only offered and advertised to professional traders. If you are not a professional trader, you can not trade binary and digital options.

IQ Option demo and real trading accounts: Know the differences

iqoption trading platformIf you’re a new trader, you should start with a IQ Option demonstration account. Also known as the ‘demo account’, this type of account allows beginners to try and test trades without risking their money. Experienced traders recommend that traders should on shift to the use of real-money account only after they have realized successful and consistent results using the demo platform.

However, one must temper his expectations when shifting to the real-money account. Your success rates in the free demo platform don’t automatically go to the real-money account. These are unrealistic expectations and this thinking may only pave the way for more disappointments.

As a trader, you should know the difference between the two platforms. By understanding the difference between the two, you can confidently shift from one platform to the next.

Risks are constant

The demo account is fun and educational to use since no money is involved. If you lose your trades online, you can learn from it without worrying about the bankroll. You have the option to replenish the account if you wish to continue trading using the platform.

iqoption demo account

You can top up your IQ Option demo account whenever you want. So the trading here is not time-limited.

Note: If you don’t know how to reload your IQ Option demo account read this article.

But trading It’s a totally different thing with real money. Since you’re using your own money, losing trades can be emotionally and financially draining. Losses can also impact your confidence and can lead you to irrational trading decisions. As a responsible trader, you should acknowledge the importance of risks in trading.

Demo and real money account requirements varying psychological preparations.

When you trade real money, you’ll experience a wide range of emotions. There’s excitement, some apprehension, and a rush of adrenaline if you’re about to hit a winning trade. There’s frustration and anger too if trades don’t go your way.

If you want to take trading seriously, you’ll need to properly manage your emotions.  If your tested strategies in the demo account are no longer working, just cut your loses and adjust accordingly. Don’t try to be eager to replicate a strategy that’s no longer working in your real – money account.

Markets are dynamic

As an informed trader, you should know that the market conditions are fluid. Before you jump into real-money spending, make sure you know how to handle volatility. You should always prepare for changing market conditions and know that the trends may not always fall according to what you have planned.

If you’re a beginner, you can start with smaller investments. Invest an amount you are willing to lose. Once you have achieved consistent gains, then that’s the time you can boost your investment. Remember all these tips before you make that switch.

Start trading today – Read our IQ Option review!

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Author

J. Pro

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn't very successfull with dropshipping on Amazon and other ways of making money online, and I'd only earn a few hundreds of dollars in years. But then binary options caught my attention with it's simplicity. Now I'm glad it did because it really is worth it. More posts by this author

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The financial products offered by mentioned companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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