Free Binary Signal Options Trading App Review A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option. The best way to start a career in binary trading is to get some practice in with a demo trading account. With a demo account, you can practice trading in real time with certain brokers. There is no way to duplicate the experience that comes with real trading. The way it works is pretty easy. With demo trading, you are given a certain amount of fake money to start out with. You can use that money anyway you see fit. The platform you will be using for demo trading is the same platform that you will use when you’re actually trading with real money, so demo trading helps eliminate the learning curve and any mistakes that you might make while figuring out how to use the software. Demo accounts will differ ...