Binary options demo account australia whirlpool
As such, you can decide on the probable direction that the price will move in the near future. It is on this basis that you make your prediction on whether the price of Gold will rise or fall in the near future. You should then indicate the amount you would like to stake in the trade and your preferred expiry period from the dropdown menu provided by the broker and then place the trade.
If you had made the right prediction, you will win the trade after the position has expired. However, if your prediction is wrong, you will end up losing the trade.