How to Register and Trade Binary Options at Stockity
Binary options trading is a financial instrument that offers a straightforward way to speculate on the price movement of various assets. It allows traders to predict whether the price of an asset will rise or fall within a specified time frame. This comprehensive guide aims to provide a step-by-step walkthrough for beginners interested in registering and trading binary options.
Registering an Account on Stockity: A Step-by-Step Guide
Registering for a Trading Account on Stockity using Email
1. Start by opening your preferred browser and visiting the Stockity website and clicking "Sign up".2. To create your Stockity account, you will need to fill out the registration page with some personal information. Usually, this comprises:
- Email Address: Please supply a working email address that you can access. Both account verification and communication will use this.
- Password: To guarantee account security, use a strong password that consists of a combination of letters, numbers, and symbols.
- Examine and accept Stockity’s privacy statement.
- Click "Create account".
You have $10,000 in your demo account. A demo account, provided by Stockity, allows users to practice trading and familiarize themselves with the platform’s features without taking any risks. These trial accounts are ideal for both new and seasoned traders as they provide an excellent opportunity to practice trading before committing real dollars.
When you are comfortable trading, you can move rapidly to a real trading account by choosing the "Deposit" option. This is an exciting and fulfilling time in your trading career since you can now deposit money on Stockity and start trading with real money.
The Stockity trading screen will then appear.
Registering for a Trading Account via the Stockity App
With the help of the robust and user-friendly Stockity software for iOS and Android, you may trade whenever and anywhere you choose. One of the easiest methods to trade while on the go is to download and register an account on the Stockity app for iOS and Android, which we will walk you through how to accomplish.Step 1: Download the app
You can search for "Stockity" in the App Store or click this link to get the Stockity app for iOS. Next, press the "Get" button that is clearly visible on the app’s page.
To download the Stockity app for Android, search for "Stockity" in the Google Play Store or visit this link. Next, click "Install" to download.
Step 2: Open the app
The "Get" button will change to an "Open" button after the installation is finished. To open the Stockity app for the first time, tap "Open".
Step 3: Sign up
A registration form will appear where you may enter your email address and password and choose currency. Additionally, you must tick the box to accept the privacy policy and terms and conditions. Then, click "Sign up".
Congratulations, you have successfully created your Stockity account. You can try trading with $10,000 in a Demo account. These trial accounts are ideal for both new and seasoned traders as they provide an excellent opportunity to practice trading before committing real dollars.
You will then be taken to your Stockity trading.
Registering for a Stockity Trading Account via the Mobile Web Version
Step 1: First, unlock your smartphone and open the mobile browser of your choice. Regardless of the browser—Firefox, Chrome, Safari, or another one.Step 2: Go to the mobile website for Stockity. This link will take you to the Stockity mobile website, where you may begin creating an account. Click the symbol in the top right corner, this will lead you to the registration page, where you can input your information.
Step 4: Entering Your Individual Information. To create your Stockity account, you must fill out the registration page with your personal information. Usually, these consist of:
- Email Address: Please enter a working email address that you can access.
- Password: For increased security, use a strong password that consists of a mix of letters, numbers, and special characters.
- Currency: Choose the currency you want to use for trading.
- Read and agree to the Privacy Policy of Stockity.
- Click the blue "Create account" button.
Congratulations on successfully creating your Stockity account. You can practice trading with $10,000 in a demo account. These trial accounts are useful for both novice and experienced traders since they allow you to practice trading without committing real money.
Best wishes! You’ve successfully created a Stockity account by using the mobile website. Spend some time utilizing the platform’s features, interacting with other users, and making the most of your internet experience.
Frequently Asked Questions (FAQ)
How do I switch between a practice account and a real account?
To switch between accounts, click on your balance in the upper right corner. Make sure that you are in the trading room. The panel that opens displays your accounts: your real account and your practice account. Click on the account to make it active. Now you can use it to trade.
How can I change the currency of my account?
Unfortunately, once your account has been registered, the currency cannot be altered.If you wish to trade in a different currency, you have the option to create a new account using a separate email address, at which point you can designate the currency during the registration process.
Please ensure you block your existing account before creating a new one, as Stockity’s policy strictly prohibits the simultaneous use of multiple accounts.
How can I secure my account?
To secure your account, use two-step authentication. Each time you log in to the platform, the system will prompt you to enter a special code sent to your email address. You can activate this in Settings.
How much money can I make on the practice account?
You cannot profit from the trades you make on a practice account. On a practice account, you receive virtual funds and make virtual trades. It is designed for training purposes only. To trade with real money, you need to deposit funds into a real account.How to Trade Binary Options on Stokity
What is an Asset on Stockity?
An asset is a financial instrument used in trade. The price dynamics of the selected item are the basis for each trade. Cryptocurrency assets are offered by Stockity.Choose an asset to trade by doing the following:
1. Click the asset section at the top of the platform to see the available assets.
2. You can trade on many assets at once. Click the "+" button straight out of the asset section. The assets you choose will mount up.
How to Trade Binary Options on Stockity?
With the help of Stockity, traders can conduct binary options trades efficiently thanks to an intuitive trading interface.Step 1: Select an Asset:
The percentage next to the asset represents its profitability. The larger the proportion in the case of success, the higher your payout.
Depending on the situation of the market and when a trade expires, the profitability of some assets may alter during the day.
Every trade closes with the initial profit displayed.
Select the chosen asset from the drop-down list located on the left side of the dashboard.
Step 2: Choose an Expiry Time:
Enter the time you want it to expire. The deal will be deemed closed, or ended, after the expiration period has passed, and the outcome will be decided automatically.
When you close a binary options trade, you are the one who chooses when the transaction is executed.
Step 3: Establish the Quantity of the Investment:
Enter the desired stake amount to play. It is suggested that you start out little in order to assess the market and get comfortable.
Step 4: Analyze the price movement on the chart and make a prediction:
Press the "↑" (Green) button if you believe the asset’s price will increase, or the "↓" (Red) button if you expect it to decrease.
Step 5: Monitor Trade Progress:
Wait for the trade to conclude to find out if your prediction was correct. If so, your initial investment plus the profit from the asset will be added to your balance. In the event of a tie - where the opening price is the same as the closing price - only your initial investment will be returned to your balance. If your prediction was incorrect, your investment will not be returned. For a better understanding of the platform’s interface, you can watch our tutorial.
Trading History.
Please note: the market is closed over the weekend, hence currency pairs, commodity assets, and company stocks are not available for trading. Market assets will be accessible again on Monday at 7:00 UTC. In the interim, you can trade on Over-the-Counter (OTC) assets over the weekend!
How to use Charts and indicators on Stockity
With the wide range of tools that Stockity offers, traders can develop analytical skills and practical insights. We’ll go over how to use the charts and indicators on the Stockity platform in this tutorial. By making use of these materials, you may enhance your trading experience overall and make wise trading selections.Charts
With the Stockity trading software, all of your settings may be created right on the chart. In the box on the left-side panel, you may define order details, add indicators, and change parameters without losing sight of the price action.
You can modify their candles and line types. From the lower left corner of the screen, you can adjust the time intervals from one second to five minutes.
Indicators
To conduct a thorough chart analysis, use widgets and indicators. Those include RSI, Fractals, Parabolic SAR, Moving Average, MACD, Bollinger Bands, and Fractal Chaos Bands.
Frequently Asked Questions (FAQ)
What does 5-second trades (5ST) mean?
5-second trades (5ST) is a trading method that enables you to execute superfast trades with just one click.
Similar to Fixed Time Trades (FTT), 5ST allows you to profit from the smallest price changes. You select the asset, and the trade amount, and predict whether the asset’s price will rise or fall. If your prediction is accurate, you earn a profit.
The key distinction is that the expiration time for 5ST trades is always fixed at 5 seconds.
Additional points to consider:
- 5ST is only operational on new charts with Mountain and Line chart types.
- 5ST is accessible for Crypto IDX, NDX/USD, DJI/USD, and all OTC assets.
- Due to their rapid nature, 5ST trades only work within a 1-second time frame.
What is the minimum investment amount to open a trade?
To begin trading on Stockity, you must deposit a minimum of $10. The minimum investment amount to open a trade is $1.
What is a Fixed Time Trades trading mechanics?
Fixed-time trades (FTT) represent the primary trading mechanism on our platform. FTT trading lets you profit even from minute price shifts. The fundamental concept of FTT trading is that you predict whether an asset’s price will rise or fall, set a time for the trade to conclude, and earn a profit if your prediction proves accurate.FTT trading comes in two types:
- Short-term trades – trades that expire in less than 5 minutes.
- Long-term trades – trades that expire within a duration of up to 60 minutes.
In summary: Using Stockity to Begin Your Successful Online Trading Journey
Opening a trading account is the first exciting step in beginning your online trading career with Stockity. This account gives a chance to examine a wide range of financial products and markets. This platform’s commitment to security, transparency, and user-friendly functionality reflects your thoughtful selection.Using Stockity to trade binary options provides traders with an exciting opportunity to engage in the financial markets and make money. With a fundamental understanding of trading concepts, effective techniques, and adequate risk management, traders may confidently navigate the platform and seek to achieve their trading objectives. By utilizing Stockity’s cutting-edge platform and this comprehensive coaching, you may position yourself for success in online trading and make intelligent investment decisions that encourage development and wealth in this dynamic market.