How to open another account on Deriv binary options trading
Setting Up Your Real Trading Wallet
Deriv uses different wallets depending on the type of trading you want to do. To trade binary options, you need to activate your standard Deriv wallet that holds your real funds.
Head to the cashier or wallet section of your account. If this is your first time, the system may ask a few questions to assess whether you understand the risks associated with trading. Answer them honestly; this ensures your access level matches your financial background and experience.
Once done, your real wallet will be ready for deposits.
MT5 in the Trading Environment: A Business-Focused Explanation
MetaTrader 5 (MT5) is widely recognized as a multi-market trading terminal. From an educational standpoint, it can be viewed as an advanced analytical workspace rather than simply a trading app.
Its main characteristics include:
Charting instruments for price behaviour analysis
Technical indicators used by financial analysts
Tools for monitoring global market movements
Features that support algorithmic strategies and automated systems