2options Demo Account
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A lot of things go into helping binary options traders get better at what they do. Most binary options brokers will offer certain tools on their accounts to help their traders learn and the 2options online broker is no different. They offer an assortment of learning tools but do not offer a demo account to help their new investors get used to the website.
Is not having a demo account a bad thing? The answer here is yes and no. Demo accounts do help a new trader get somewhat acclimated to a brokerage site and they also help do it without the investor risking a dime of their own money, but with that being said, they are limited in the types of trades you can do on them and they are not an exact replica of the real trading platform.
It is also thought that investors will trade differently with virtual money than they would with the real money in their account. So how effective they are at helping a new trader be successful is still up for debate. Demo accounts are also being found to put a lot of stress and strain on the workings of the regular web platform, so they are increasingly being dropped in favor of establishing lower minimum deposits, which is exactly what 2options has done.
2options more than compensates for not having a demo account for their traders. It has what is termed an all-inclusive platform for their users to trade on. It helps the binary options investors that trade on the 2options website to achieve their ultimate goals of trading on a website that is secure and helps a customer obtain maximum profits on their investments. It is a website that prides itself on helping both beginner and veteran traders improve their binary options trading skills.
It is very simple to open an account on 2options. All the customer has to do is answer some questions, supply photo copies of a government issued id and a utility bill and provide a copy of a bill to confirm their contact number. Once the trader has been approved for an account, they are ready to make their deposit and begin trading. The minimum deposit on 2options is $200, but a customer can deposit more if they want. The higher the initial deposit, the higher percentage the signup bonus is too. A trader on 2options can earn as much as a 100% signup bonus in some cases; that is a lot of extra money for an investor to trade with.
Once a deposit has been made the investor can choose to improve their binary options trading knowledge by studying the many learning tools that 2options provides their customers or they can choose to start placing trades. Investors on the site will like the user friendly trading platform. It clearly shows the position of the assets that can be selected on convenient charts and graphs. An investor will get all the relevant information they need to place a put or call option on an asset.
Although 2options does not have a demo account they still have a lot of great features. They have chosen to concentrate in such areas as having excellent customer service, educational tools and some personal help too. A trader can learn a lot from their eBook, newsletters, reviews and other forms of educational support from 2options educational trading academy. They also offer periodic webinars and video courses.
With the low initial deposit amount of $200 and the low minimum investment of $25, any trader can feel comfortable as they learn to trade on the website. They do not have to deposit large amounts of money until they are sure they are happy trading on 2options.
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References and Further Reading:
1. Private information and a macro model of exchange rates: Evidence from a novel data set (MD Chinn, MJ Moore – 2008)
2. Option-implied probability distributions and currency excess returns (AM Malz – 1997)
3. Introduction to the special issue on agent-based computational economics (L Tesfatsion – 2001)
4. Local currency bond markets and the Asian Bond Fund 2 initiative (E Chan, MKF Chui, F Packer, EM Remolona – 2012)
5. The distribution of extremal foreign exchange rate returns in extremely large data sets (MM Dacorogna, UA Müller, OV Pictet, CG De Vries – 1995)
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