![]() ![]() Nevertheless, forex is not a get rich-quick scheme as most people might think. Practice and try out all the methods until you feel you are ready enough to deal with real money.įorex trading is NOT a get rich-quick scheme.įorex trading is a very exciting business that can turn your life around and make your dreams come true. There are so many benefits of using a forex demo account, just to mention a few. You can have as many demo accounts as you want, there is no limit on that.Try trading with different sizes and test your risk management skills, and so many others, like indicators, etc.Check out their volatility in the market, pip value, spreads and news effect reactions.Try trading different currency pairs and get know their behaviors.You will have time to explore the trading platform, trying out all the trading features provided by the platform.This will help you to learn how to trade and analyse the market using technical indicators without risking your own money.You can open a demo account on a desktop platform or on the meta-trader 4 mobile application. Meta trader 4, MT4 trading platform is one of the most popular and widely used trading platforms when it comes to retail forex trading. The only difference is that on a real account you trade real money which is not the case for a demo. It does every thing a real account can does. It is free and anyone can access it online as long you have internet. If you are new to trading, it is necessary to start your first trading on a forex demo account until you are comfortable with both your trading strategy as well as the trading platform itself. The demo account also helps new traders to learn and practice how to place orders, managing existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy. Just follow next lessonsĪ demo is a learning platform brokers provide to their clients to learn, practice and get familiar with the trading process and market futures.Ī forex demo account enables people who are complete new to forex trading to get familiar with the various aspects of trading. If you would like details on how to use the downloaded MT4/MT5 platform now. We will learn in detail on how to use the platform in our next sessions. Download and install the platform on your computer or mobile phone. ![]() ![]() An email will be sent to you with the login information which you will be using to access the trading platform.Fill in the form provided including the basic information like name, country, email.Click on open account and select open a free practice account.Choose broker, While on the broker website.Open a Forex Demo Account following the guidelines below. ![]()
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December 2022
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