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Still, it is possible to make mistakes if you are unfamiliar with a particular platform. The last thing you want is to lose money simply because you mistyped or mis-clicked or forgot some crucial step while placing a trade.

If you demo test first, you will learn the ropes without losing money. If you are thinking about trading binary options live, hopefully you already have a trading strategy, one which you have tested on historical data (this is a process referred to as backtesting). You can find out if your strategies work with real, current market conditions.