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The platform offers two types of accounts – demo and real. With the former, you don’t have to register and do a verification – you can begin immediately.
Creating a real account
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You can practice trading using the demo account but you are still working with virtual funds. Creating a real one enables you to win and withdraw money. To create one do the following:
Go to the real account button at the top of the screen.A pop-up appears where you have to submit your email, Facebook, or Google account and a secure password. Accept the terms and conditions and finish by clicking the Account button.
After that you are done. You still have to verify it via email. Afterwards, your account will be activated, but you still have to do an identity verification and deposit money.
Moving average technical indicator
The platform offers tools which help with the trading. Check out the moving average which shows a green line that moves in the same direction as the price fluctuations and displays the average value. It is very useful for setting upper and lower price limits and predicting a good strike rate. You can also see the price trend for a period of time.
How to use it?
Go to indicators on the platform and click on moving average’. Pick the average period, color, type and width. Apply’ and a moving average line will be displayed. Analyze the graph for a while. Is there a trend? The point where the line cuts below the price fluctuation indicator is the strike price. Go to button P to view previous trends. There might be some repetition. If the moving average line cuts above the price fluctuation indicator and stays above it you should go for the down button.
You can learn more about the market movement in the educational section.
Account verification
By verifying your account you prove that you are not a bot but a real trader helps with funds security. If someone else tries to withdraw money from your account, he won’t be allowed.
Click on finances, and withdrawal and then confirm information button.
You will have to upload a photo of your ID and a photo of your credit card. Then submit your email, address and other information. Click save changes’ and submit. It might take up to 3 days for the verification to be done.
Making money by copying other traders
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A unique feature of the platform is connected to following and copying other traders. It doesn’t matter where they are located. If you are a beginner, this is a great strategy. This also makes it very easy to go in and out of trades at the right moment. Here is how to do it.
Click on the social icon. A window will appear with all the traders who are online, the opened deals, and the people who are trading with the same asset as you. You can predict the up or down position based on what others are choosing. Next, just copy whatever they are doing.
Opening an Account on ExpertOption
Opening an account on ExpertOption is a quick and easy process. It only takes a few minutes to become a member, and once you are registered, you will be able to access a wide range of services and features. This article provides a step-by-step guide on opening an account on ExpertOption.
Step 1 – Select an Account Type
The first step in opening an account on ExpertOption is to select an account type. There are three types of accounts: Demo, Real, and VIP. Each type of account has different features and advantages, and it is important to select the one that best suits your goals and needs.
Step 2 – Create a User Profile
Once you have chosen the type of account, you will need to create a user profile. This includes providing your personal details, as well as your preferred method of payment. Once this information has been provided, you will be able to access your account.
Step 3 – Start Trading
The final step in opening an account on ExpertOption is to start trading. You will be able to use the platform’s various features to set up and execute trades, as well as to manage and monitor your account.
Frequently asked questions about “How to open an account on ExpertOption”
- What type of account should I create? – The type of account you should create depends on your goals and needs. We recommend selecting the type of account that best suits your needs.
- What information do I need to provide when creating a user profile? – When creating a user profile, you will need to provide your personal details, as well as your preferred method of payment.
- Is there a fee to open an account on ExpertOption? – No, there is no fee to open an account on ExpertOption.
Summary
Opening an account on ExpertOption is a simple process that only takes a few minutes to complete. The first step is to select an account type which best suits your goals and needs. Then, you will need to create a user profile which includes personal details and payment methods. Finally, you will be able to start trading on the platform.