Are you a fan of Star Wars? If so, you are in luck. Star Wars can teach you a lot about the binary options world, most importantly that you need a Yoda or Luke to be your master, teaching you the details of the craft you are trying to perfect, introducing you to a new, exciting world. With binary options, a free binary options demo account can be your Luke.
A free binary options demo account: Your Jedi master
Did you see the new Star Wars? It’s about Rey, a young woman who lives as a scavenger but discovers that she has the force inside her. The most important part of the movie is the ending. After Rey discovered that she has the talent to use the force, she searches for Luke, hoping for him to become her master, teaching her how to use the force.
Decades earlier Luke went through a similar learning period. On Endor, Yoda taught Luke how to use the force in a risk-free environment. Instead of fighting real stormtroopers, Luke fought against practice robots and went through simulated drills. His dad Anakin went through a similar training.
In all three cases, the pattern is the same: someone discovers a talent, but they do not simply go out into a dangerous environment and try to use it – an approach that would lead to almost certain failure – they master their craft in a simulated, risk-free environment, where they can polish their skills until they are good enough to guarantee success in the real world.
While this pattern makes a lot of sense, many new binary options trader ignore its lessons. These new traders get so caught up in the prospect of huge profits and an exciting life that they completely ignore the high risk they take by starting to trade binary options before they are completely ready to handle them.
As an aspiring binary options trader Replica Handbags, you need the same sort of training as an aspiring Jedi. A free binary options demo account can be your Jedi master by allowing you to practice in a risk-free environment growing your talent into a fully developed skill.
What a free binary options demo account can do for you
A binary options demo account offers you exactly the same trading environment as a real trading account – with one exception. Instead of having to invest real money, your demo account allows you to trade with play money.
Depending on which demo account you choose, you will get an account balance of $1,000 to $50,000. With this money you can make all the investments real traders make, you can grow or shrink your account balance, and you can trade all binary options types and all assets.
A demo account puts you in exactly the same environment as Luke or Rey when they trained to become Jedi. You can test yourself, you can train your skill, and you can find the things you are best at in an environment that perfectly resembles the real challenges of trading but does not put you at any risk.
Over time, a demo account allows you to transform yourself from a trading apprentice to a binary options master, teaching you to use binary options as securely and intuitively as a Jedi uses the force.
Additionally, a demo account allows you to answer a question that Luke and Rey faced, too. When they started their journey, neither Luke nor Rey was sure that they have what it takes to become a Jedi. Their training did as much to convince them of their skills as it did to perfect their skills.
You probably face a similar challenge – you think that you would like to give binary options a try and that you might have what it takes to become a good trade, but you are still unsure. A binary options demo account allows you to answer this most important of all questions risk-free.
Which binary options demo account should I get?
There are hundreds of binary options brokers out there, and most of them offer a demo account. To help you find the best demos, we have created a list of the best demo accounts. You can safely pick any demo account from the list.
All of the demo accounts on our list are free. Since a free demo account is an absolute necessity in the binary options world, you should never sign up with a broker that wants money for their demo. We have eliminated such crooks right from the start.
Be prepared, though, that many brokers ask you to open an account with them before you are allowed to use their demo. In the process of opening an account, you also have deposit a minimum amount of money into your account, mostly $250. When you are done with your demo account, however, you can withdraw all your deposited money, which means that these demo accounts are free, too. Asking you to deposit money is these traders method of avoiding to be overrun by freeloaders.
If you want a demo account that does not require you to deposit money, we recommend the IQ Option demo. IQ Option is one of the very few brokers that allows you to open a high-quality demo account without having to deposit any money.