Binary Deriv is a popular online trading platform that offers a wide range of financial products, including binary options, forex, and CFDs. If you’re new to Binary Deriv and looking to get started, this article will guide you through the process of creating an account and logging in to the platform. Let’s get started!
Creating an Account
The first step to accessing the Binary Deriv platform is to create an account. To do this, you’ll need to visit the Binary Deriv website and click on the ‘Sign Up’ button. This will take you to the account registration page.
On the registration page, you’ll be asked to provide some basic information, such as your name, email address, and phone number. You’ll also need to choose a password for your account. Make sure to choose a strong password that includes a combination of letters, numbers, and special characters to ensure the security of your account.
Once you’ve filled in all the required information, click on the ‘Sign Up’ button to create your account. You may also be asked to verify your email address or phone number during the registration process. Follow the instructions provided to complete the verification process.
Logging In to Binary Deriv
Once you’ve created your Binary Deriv account, you can log in to the platform anytime by visiting the Binary Deriv website and clicking on the ‘Log In’ button. This will take you to the login page where you’ll need to enter your email address and password.
After entering your login credentials, click on the ‘Log In’ button to access your Binary Deriv account. If you’ve forgotten your password, you can click on the ‘Forgot Password’ link and follow the instructions to reset it.
Exploring the Binary Deriv Dashboard
After logging in to Binary Deriv, you’ll be taken to the platform’s dashboard. This is where you’ll find all the important features and tools for trading. Let’s take a closer look at some of the key elements you’ll find on the Binary Deriv dashboard:
1. Account Summary
The account summary section provides an overview of your trading account. Here, you can see your account balance, equity, and available margin. You’ll also find information on your open positions, pending orders, and transaction history.
2. Trading Assets
Binary Deriv offers a wide range of trading assets, including currencies, stocks, commodities, and indices. You can navigate through the different asset categories using the navigation menu on the left side of the dashboard. Clicking on a specific asset will display more detailed information, including current prices, charts, and trading options.
3. Trading Tools
Binary Deriv provides a variety of trading tools to help you make informed trading decisions. These tools include real-time charts, technical indicators, and economic calendars. You can access these tools by clicking on the ‘Trading Tools’ tab on the dashboard.
4. Account Settings
The account settings section allows you to customize your Binary Deriv account according to your preferences. Here, you can update your personal information, change your password, and manage your notification settings. You can access the account settings by clicking on your profile picture or username on the top right corner of the dashboard.
Placing Trades on Binary Deriv
Now that you’re familiar with the Binary Deriv dashboard, let’s talk about placing trades on the platform. Binary Deriv offers various trading options, including binary options, forex, and CFDs. To place a trade, follow these steps:
1. Choose an Asset
Select an asset you want to trade from the trading assets menu. You can choose from a wide range of options, including currencies, stocks, commodities, and indices.
2. Set the Trade Parameters
Once you’ve selected an asset, you’ll need to set the trade parameters, including the investment amount, expiry time, and trade direction. Binary Deriv provides a user-friendly interface that allows you to easily adjust these parameters.
3. Monitor and Manage Your Trades
After placing a trade, you can monitor its progress in the ‘Open Positions’ section of the dashboard. Here, you’ll find information on the current status of your trades, including profits/losses and expiry times. You can also use the ‘Close’ button to manually close a trade before its expiry time.
Binary Deriv is a user-friendly online trading platform that offers a wide range of financial products. By following the steps outlined in this article, you’ll be able to create an account, log in to the platform, and start trading on Binary Deriv. Remember to always conduct thorough research and practice responsible trading to maximize your chances of success. Happy trading!