How to Register and start Trading with a Demo Account in Stockity
Stockity is a dynamic online trading platform that offers users an opportunity to engage in financial markets with ease. Learning how to register and commence trading with a demo account on Stockity is an essential step for newcomers aiming to gain experience in trading without risking real funds. This guide provides a detailed walkthrough for registering and leveraging the demo account feature on Stockity.
How to Register a Demo Account on Stockity
How to Register a Demo Account on Stockity with Your Email
Just adhere to the following guidelines to establish a demo account for Stockity:1. Use your preferred web browser to navigate to the Stockity website. On the screen, click the "Try free demo" button.
2. To Sign up:
- Enter your email address and a strong password.
- Choose your currency to deposit.
- Examine Stockity’s privacy statement and tick the box to agree to it.
- Choose "Create account" from the menu.
Wishes! Your registration was accepted.
Users may practice trading strategies, get comfortable with the platform’s design, and develop confidence in their trading decisions with the aid of Stockity’s demo account without having to worry about losing real money. You have $10,000 in your demo account.
You can trade on a real account after completing a deposit by choosing "Deposit" in the upper right corner of the page (a minimum deposit of 10 USD is needed).
Register for a Demo Account on the Stockity App
The Benefit of the Stockity App: Before following the instructions, it’s critical to understand the benefits of creating a demo account with the Stockity app:
- Mobile Convenience: With the app, you can practice trading while on the go and access your demo account, providing you freedom and control over your educational process.
- User-friendly Interface: Both inexperienced and seasoned traders will find it simple to discover the capabilities of this program thanks to its straightforward navigation design.
- Real-Time Learning: You may properly mimic trading scenarios by using the Stockity app, which offers real-time data and market information.
Step 1: Visit the App Store and Google Play Store on your device.
Search for "Stockity" and locate the Stockity app.
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: Launch the app, then register.
Once installed, launch the Stockity application.
You will be prompted to fill out a registration form with your password, email address and currency. Then, click "Sign up".
Congratulations! Your Stockity account has been successfully created. Upon activating your demo account on the Stockity app, take into account the following advice to optimize your practice sessions:
- Practice Different Techniques: Make use of the features of the program to try out various trading scenarios and techniques.
- Keep Up: Use the app’s real-time data to keep informed about news and trends in the market.
- Use Educational Resources: To improve your trading knowledge, go through any tutorials, guidelines, or educational resources that are offered within the program.
Register for a Demo Account through the Mobile Web Version on Stockity
Benefits of Accessing the Stockity Demo Account via the Mobile Web: Before starting the method, it’s critical to comprehend the advantages of using a mobile online Stockity trial account.- Flexibility: By opening a demo account on the mobile web, you can practice trading at any time and from any location.
- User-Friendly Interface: Stockity’s mobile web interface is simple to use and navigate for both experienced traders and novices.
- Convenience: The mobile web platform ensures quick access to your sample account without the need to install any apps.
1. After you arrive at the Stockity website, look for the "Sign up" option. This is usually shown prominently on the site.
2. Click "Create account" after providing your email address, choosing a password, and your currency, and agreeing to the terms and conditions.
Warm regards! The mobile web version of your Stockity account has been successfully created. You can experiment with trading on a $10,000 demo account. For experienced and novice traders alike, these trial accounts offer a great way to practice trading without having to deposit real money.
You will subsequently be transported to the Stockity trading platform.
Frequently Asked Questions (FAQ)
How do I switch between a demo account and a real account?
To switch between accounts, click on your balance in the upper-right corner. Make sure you are in the trade room. The screen that opens shows both your real account and your practice account. Click on it to make the account active.
How much money can I make on the demo account?
On a demo account, the trades you execute are not profitable. On a demo account, you get virtual funds and make virtual trades. Its only purpose is to be utilized for instruction. To trade with real money, you need to make a deposit into a real account.
How can I secure my account?
To protect your account, use two-step authentication. Every time you log in, the platform will prompt you to input a special code that is associated with your email address. You can enable this in the Settings.How to Trade Binary Options with Demo Account on Stockity
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 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.
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 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.