Pair Option Trading
One of the key differences with this broker and the others is the Pair offering that StockPair gives it’s traders. This is a revolutionary and different form of trading the markets. It allows you to look at two different assets, usually in the same field, and see which one will perform better over a particular timeframe. A good example of this is comparing two gas companies. If you take Exxon-Mobile and BP, you then have to determine which will finish ahead of the other at the end of the day. Although they are priced differently, it comes down to the percentage of the move. Direction isn’t played into this as much. This is an all or nothing trade, so by the end you will have a winning or losing trade. Another thing to consider when pair options trading is the percentage payout per asset. Although Exxon may show 123% payout and BP 75%, this usually means the odds of Exxon squeaking out a win is slim. Don’t get caught up so much in percentages on this type of trade. Focus on what the most likely outcome will be.
StockPair Demo Account
Getting a demo account is pretty much like all other brokers. Once you signup for a live trading account, you can then request a demo. This will allow you to test the platform before risking any money. This can definitely help if you are new to trading. Make sure you checkout our education materials before you take a trade. Patience is the only way to make solid trades. Bottom line – Start demo trading before you start real money trading. Please don’t forget the Bonus when you make the deposit.
Deposit and Withdrawals
You have multiple choices when it comes to deposits and withdrawals. Besides the normal credit card and wires, you have access to several Internet wallets including Moneybookers and cashU. You can expect these transaction to be fairly instant, but be ready for some delays on withdrawals. It is just part of the process. If you’re ready to deposit $1000 or more, there are programs available for higher end traders. This gives you some great advantages. You can read more about these advantages on the Account plans page. If you only have the $200 to invest that is fine. It’s plenty to get started with.
If you’re ready to start trading, Stockpair may be the broker for you. With plenty of trading options you will be well on your way to trading in the big leagues of binary options. Remember, like everything in life, there is a learning curve, so once you get your account setup, make sure you take your time and only take the best trade setups possible.