How to Trade on Expert Option: An Extensive Guide for Beginners and Beyond

The ExpertOption broker has become a respected name in the binary options area. Its clients enjoy a comprehensive investment experience with a variety of assets, mirror trading options, mobile solutions, and proper technical support. This tutorial will teach you how to execute trades on ExpertOption, including buying and selling orders, as well as exploring the broker’s tools and enhancements and risk management aspects.

Trading on Expert Option: an Easy Start

It is evident that you should set up an Expert Option account in the same way as most other sites in order to start using the platform. Before starting to use a real account, however, you can at least try practicing on a demo one, which does not require registration.

Begin with Expert Option Demo Mode

In Demo mode, you can try trading for free. Consider the next steps: 

1. Go to the primary site: expertoption.com.
2. There is a handy switcher located just at the top of the demo mode screen, if you need to switch between demo and real trading on ExpertOption.
3. In demo mode, you have access to a broad selection of assets as well. Choose the one you would like to trade.
4. At the bottom, you can set the amount you’re willing to invest, and the deal duration, and decide how the asset’s price will change. 
5. If you think the price will rise, press the green BUY button. Or hit SELL if you expect the price to fall. It’s quite straightforward: if your prediction is correct, you earn a profit.

You can not only learn trading by using the demo mode but also test new strategies to ensure they are effective before applying them in real trading. After completing your practice in a training mode, we recommend you switch to a real account and start trading with real funds.

Continue with Expert Option Real Trading

Before using all the capabilities of real trading on ExpertOption, you have to send some funds to your account. Unfortunately, without a deposit, you will not be able to initiate your first attempt at real trading.

Here’s how to get started with live trading:

1. Start by switching from the demo mode to the real one if you’ve used a demo account. If not, just hit the Trade Now button on the main page of the website.
2. The signing-up process consists of entering the basic credentials for your new account, such as email and passcode. If you would like to avoid creating your own, just sign up with your Google, Facebook, or Apple profiles. This might be easier, especially if you value your time.
3. After creating a real trading profile, you should deposit money into it. To do this, choose the Finances button in the right menu, and you will see all deposit alternatives in your region. These include: bank cards (Maestro and MasterCards), Binance Pay, and cryptocurrencies such as USDT, TON, BTC, Voucher, Skrill, and Neteller. Choose the appropriate option. When you hit the suitable button, bonus options for depositing funds on ExpertOption will be displayed. The company rewards its clients for depositing to trade on its site. For example, if you deposit $100, you will receive the same amount in bonus. This is very beneficial compared to other companies on the market.
4. The next step is to select the desired asset. The website features a range of assets for trading, including currencies, indices, commodities, stocks, and ETFs. Speaking of stocks, there are various options available, such as Facebook (Meta), Alibaba, Google and Amazon.
5. By setting your trade parameters, you should decide on the number you want to invest in the trade and choose the expiration time for it. Expert Option allows you to start with as little as $1, which is affordable for beginner market players. As for times, they can range from 30 seconds to several hours or even days or weeks.
6. Before making your final decision, you need to utilize all the tools and indicators provided on the platform to analyze the market. There are charts, technical indicators, and even economic calendars at the Expert Option site to help you make informed decisions. 
7. Finally, make your decision and complete the trade by hitting the Buy/Sell option. If you believe in an increase in the price, click on the green BUY button. Conversely, if you feel it might be a decrease in the price, click on the SELL button. If your prediction is accurate, you will earn funds.

Over time, you’ll learn how to improve your strategies and execute Buy and Sell orders correctly on ExpertOption.

ExpertOption Trading Solutions and Enhancements

1. Easy-To-Use Interface

ExpertOption is built with a focus on user-friendliness. The trading terminal is intuitive for both beginner traders and professionals.

There are some advantages of such an interface. The minimalistic design allows users to quickly find the tools they need. Moreover, all key functions (for example, charts, assets, and trading buttons) are located in one place. Finally, the ability to switch between basic and advanced modes for different levels of complexity.

2. Broad Selection of Trading Assets

The broker gives the opportunity to explore a variety of financial instruments. The following assets allow market players to diversify their investments:

• Currency pairs (Forex): EUR/USD, GBP/USD, etc.
• Shares of large companies: Apple, Tesla, Amazon, etc.
• Commodities: gold, oil, silver.
• Crypto coins: Bitcoin, Ethereum, Litecoin, etc.

Such a variety of assets is certainly beneficial for traders, as they will be able to trade on different markets at the same time. Additionally, the availability of popular cryptos attracts modern clients.

3. Fast Withdrawal of Funds

This is an essential factor for many users, especially those who value their time. Among withdrawal options, users can find not only bank cards (Visa, MasterCard) but also E-wallets (Skrill, Neteller, WebMoney) and crypto-wallets.

Furthermore, withdrawal requests are handled within a few hours or days, which depends on the chosen method. When deciding on what binary broker to choose, market players prefer Expert Option which has no hidden withdrawal fees and supports multiple payment systems. This shows the platform is open to users from different countries with different levels of income.

4. Trading Signals and Analytics

This is crucial for both beginners who can utilize the signals for training and testing strategies, and professionals who need additional data and analytics to confirm their forecasts.

These important features include:

• Signals from professional analysts.
• Technical analysis indicators (directly on the chart).
• News and economic calendar.
• Popular indicators such as RSI, MACD, and Bollinger Bands.

5. Social Trading

This is the opportunity for Expert Option users to replicate the trades of successful traders. This is a brief explanation of how it works. Users view the ranking of other users on the website and can select a successful trader. What happens next is that the system automatically copies the trader’s actions.

It is convenient for beginners interested in learning from other people’s experiences. Also, novice users can earn even if they do not have a deep knowledge of trading. For professionals, it is an excellent opportunity to become a leader and get rewarded for copying their deals.

6. Learning Resources

A lot of educational materials are available for beginner traders on ExpertOption. Video lessons, articles, trading guides, webinars, and consultations with experts can be found in the designated section of the broker’s website. This is helpful for those starting out who wish to learn the basics of trading quickly. Moreover, materials are available in several languages, which means they can be used by clients from different countries speaking different languages. On top of that, the broker constantly updates content depending on market trends.

7. Mobile App

ExpertOption has mobile software for both iOS and Android-based devices, which means their clients can trade anytime, anywhere. The smartphone app has the same functionality as the web-based version, with an adapted trading interface. Additionally, there are notifications about trading indicators and market shifts.

8. Rewards and Privileges

Various bonuses and loyalty programs are likely to increase motivation for new users. Examples of such bonuses include: welcome bonuses upon registration, cashback up to 10% on losses, increased payouts for VIP clients, and VIP status extending privileges, such as a personal manager and exclusive signals.

9. High Profitability

High returns of up to 95% of the investment amount, in case of a successful trade, which ExpertOption grants to its clients are above average in the binary options sphere. Potentially, by using the right strategy, brokers can increase their capital over time.

10. Security and Regulation

ExpertOption pays special attention to the security of user data and funds. The broker utilizes the following security measures such as SSL encryption and compliance with international standards. Despite the lack of top-level regulations, ExpertOption has been certified by FinaCom, which adds to its credibility among users.

11. Demo Account

Virtual funds on a practice account are provided to beginners for learning purposes. This allows them to test the platform without the risk of losing real money. For professional users, it might be helpful to practice strategies in a risk-free environment.

12. Multi-Language Support

ExpertOption supports more than 15 languages, including English, Spanish, etc. Indeed, it is convenient for users all over the world to feel comfortable on the broker’s website and receive 24/7 assistance via online chat, email, and phone.

What Risk Management Tools Are Available on ExpertOption?

Risk management is a key aspect of successfully executing trades on any platform, including ExpertOption. Without proper risk management, even the most effective strategy can lead to significant losses.

1. Trade Volume Management

We recommend using the rule of thumb of 1-5% of your deposit for a single trade. For example, if your deposit is $1,000, the amount for one trade should not exceed $10-$50.

On Expert Option, you can start investing with a minimum balance of $1 (or the equivalent in another currency). You can easily customize the investment amount before opening a trade. Try to remember never to invest your entire deposit in a single trade.

2. Stop Loss and Loss Limitation

Despite ExpertOption does not provide a classic stop loss (like in Forex), you can use other options to limit your losses. For example, you could set the maximum amount you are willing to lose in a day. So, if your limit is $50, stop trading after reaching that mark.

3. Asset Diversification

Trading on a single asset increases risk because its behavior can be unpredictable. Diversification helps to spread the risk. We recommend trading not only on one asset (e.g., currency) but also trying yourself on stocks or commodities. Luckily, on Expert Option, clients can trade multiple assets simultaneously and choose different timeframes.

Conclusion

This broker is ready to provide numerous prospects for binary traders. Indeed, there are advanced trading instruments and a convenient interface, as well as demo and real modes, learning materials, and reliable tech support available for market players. When evaluating how to buy or sell orders on ExpertOption, remember to use risk management methods, and learn from other traders’ mistakes by copying their trades.

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