Welcome to this tutorial on opening a Deriv real account in 2023. Deriv is a popular online trading platform that offers a range of financial instruments, including forex, commodities, and cryptocurrencies. This step-by-step guide will walk you through the process of setting up your Deriv real account so that you can start trading and potentially earn profits.
Step 1: Visit the Deriv Website
The first step is to visit the official Deriv website. You can do this by typing “Deriv” into your preferred search engine or by directly entering the URL in your browser’s address bar. Once you are on the website, look for the “Sign Up” or “Open Account” button.
Step 2: Fill in Your Personal Details
Clicking on the “Sign Up” or “Open Account” button will take you to a registration form. Fill in your personal details, such as your name, email address, and phone number. Make sure to provide accurate information as this will be used for account verification purposes.
Step 3: Choose Your Account Type
Deriv offers different types of accounts, such as Standard, Advanced, and Synthetic. Each account type has different features and trading conditions. Choose the account type that best suits your trading goals and experience level.
Step 4: Verify Your Identity
Deriv is a regulated platform that complies with strict financial regulations. To ensure the security of your account and comply with these regulations, you will need to verify your identity. This usually involves providing a copy of your identification document, such as a passport or driver’s license, and proof of address.
Step 5: Fund Your Account
Once your account is verified, it’s time to fund it. Deriv supports various payment methods, including bank transfers, credit/debit cards, and e-wallets. Choose the method that is most convenient for you and follow the instructions to deposit funds into your account.
Step 6: Download the Trading Platform
Deriv provides a user-friendly trading platform that you can download and install on your computer or mobile device. This platform allows you to access the financial markets, analyze charts, and place trades. Visit the Deriv website or app store to download the trading platform.
Step 7: Familiarize Yourself with the Platform
Before you start trading, take some time to familiarize yourself with the trading platform. Explore its features, practice placing trades on a demo account, and learn how to use the various tools and indicators available. This will help you feel more confident when you start trading with real money.
Step 8: Develop a Trading Strategy
Trading without a strategy is like sailing without a map. To increase your chances of success, it’s important to develop a trading strategy. This involves setting clear goals, determining your risk tolerance, and creating a plan for entering and exiting trades. Take advantage of educational resources provided by Deriv to learn more about different trading strategies.
Step 9: Start Trading
Once you have completed all the previous steps, you are ready to start trading. Use your trading strategy to identify potential opportunities in the market, and execute trades accordingly. Remember to manage your risk by setting stop-loss orders and not risking more than you can afford to lose.
Step 10: Monitor Your Trades and Learn
Trading is an ongoing learning process. Monitor your trades, analyze your performance, and learn from both your successes and failures. Use the data provided by Deriv to track your progress and identify areas for improvement. Stay updated with market news and trends to make informed trading decisions.
By following these steps, you can open a Deriv real account in 2023 and start your journey as a trader. Remember to trade responsibly and never risk more than you can afford to lose. Good luck!