Demo Trading In Forex

 

What about Demo Trading?

Many forex trading sites offer demo trading to get you started.

There is nothing wrong with this. The intention is to give you a chance to get to know how the site works. Every trading site has some symbols and indicators that are special to the site itself, and each site has a few idiosyncrasies, so working on the demo site for a bit helps you to get the basics down.

The Best Forex Brokers + Trading Platforms

Rating Bonus Description Minimum Deposit Regulation Visit
5
  • Choice of two professional trading platforms – TraderPro and MT4
  • Free trading course for deposits over £1,000
  • Choice of Forex, CFDs, Spread Betting and Cryptocurrencies

€100

FCA

Visit Broker
ETX Capital Review
5
  • The leading Social Trading platform with 4.5m traders
  • Follow other traders or be a leader
  • Personal service and VIP perks

$200

FCA,

Visit Broker
eToro Review
Risk Warning: Your capital is at risk
5
No Deposit
£25
+Deposit Bonus
  • Free forex signals + market research
  • Online education and webinars
  • Fee free withdrawals and deposits

$5

CySEC

Visit Broker
XM Review
5
No deposit
£20
+ Up to £6000 on deposits
  • No commissions and low spreads
  • Advanced trading tools
  • Minimal account fees

€100

FCA,

Visit Broker
Plus500 Review
5
  • Tight spreads without commissions
  • Advanced charting tools

$100

CySec

Visit Broker
Markets.com Review
4.5
  • Stylish & Powerful Platform
  • Trade Bitcoin + 12 Other Top Cryptocurrencies
  • Plus Forex, Options, Stocks & ETF Trading

$10

IQ

Visit Broker
IQOption Review
Risk Warning: Your capital is at risk
4.5
Deposit Bonus
10%
+ Cash rebates on trades
  • World class trading platform
  • Expert market analysis
  • FCA Regulated and traded on the LSE

0

FSA

Visit Broker
LCG (London Capital Group) Review
4.5
Up to
50%
Deposit Bonus
  • Trusted, regulated broker with 10 yrs experience
  • Multi award winning company
  • Segregated accounts with leading banks

$100

Visit Broker
AVATrade Review
4.5
Sign Up Bonus
$25
+50% Deposit Bonus (ex-EU only)
  • Free Guaranteed Stop Loss
  • Segregated funds at top tier banks
  • Fixed spreads & negative balance protection

$100

ASIC

Visit Broker
Easy Markets Review
4
No deposit
$123
+100% on every deposit
  • Split second execution
  • No requotes
  • Range of accounts

$5

IFSC

Visit Broker
FBS Markets. Review
3.5
No Deposit Up To
$100
+55% Deposit Bonus
  • 'Asia's top broker'
  • Wide choice of leverage options

$1

RAFMM

Visit Broker
InstaForex Review
3.5
Up to
50%
Deposit Bonus
  • Instant fund withdrawals - no commissions
  • Tight spreads from 0.1 points
  • Unlimited leverage

-

FDR (

Visit Broker
EXNESS (NZ) Ltd. Review
3.5
Super Charged
100%
Deposit Bonus
  • 8 Trading Platforms
  • Spreads from 0.1 Pips
  • $0 fees on deposits

$5

FSC

Visit Broker
HF Markets Ltd. (HotForex) Review
3
Up to
100%
Deposit Bonus + Cashback
  • Trusted by 100,000s of traders
  • Fully licensed in the EU by CySec
  • Tight spreads and fast withdrawals

$100

FSC

Visit Broker
FXPrimus Review

You should, however, be careful to not assume that trading on the demo site is in any way practice for trading with your own money. Why not? It is simply too easy to make dangerous decisions with symbolic money on a demo site that you would not (or, at least, should not) dare to make when trading with your own funds.

On a demo site, you just let a trade hang in there until it goes bad. You wouldn’t take such a risk if you knew it might cost you a great deal of cash. 

Doing symbolic trading induces bad habits, and takes the emotional edge off trading. Don’t make the mistake of using it instead of the real thing. Real forex trading is very tough, and it’s just not the same when there is no risk.

 

English

Related Articles

  • Margin explained   Margin trading is the practice of buying or selling financial instruments on a leveraged basis, which enables clients to open...
  • In forex trading, technical analysis is the prediction of future price movements based on those observed in the past. Technical analysis shuts out ‘...
  • What is Leverage? Leverage is the technique of using a loan in order to increase the size of a trade or investment, which in turn increases the...
  • The number one goal of every investor should be to make money. EToro’s social trading network is designed to help investors to become successful...
  • Crude oil is a naturally occurring petroleum product commonly used in energy production and manufacturing. It is typically purchased with the intent...
  • How do Forex Traders Make Money? A forex trade works like this: You purchase 10,000 euros when the pair is quoted at EUR/USD = 1.1800. The value of...
  •   What are PIPS? A PIP is an acronym for percentage in point. This percentage in point represents the smallest value of measurement for...
  • The Premium Account allows traders to have access to benefits and services that are not offered on other accounts. This account is designed to cater...
  • A CFD, or Contract for Difference, is an agreement between two parties to exchange the difference between the opening price and closing price of a...
  • Trading Forex is not, strictly speaking, an “investment,” in the sense that investing in a bond or a stock is. Traditionally an investment should be...

Risk Warning

Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss.  The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.

About ForexTrading.Company

Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading, its key strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker reviews, features, and commentary. We list the world's top regulated and authorised brokers suitable for a global audience.

We aim to think global, act local with our website, so that whether you're in Asia, Europe or Africa you can gain from our content on the world's biggest market.

About Us & Contact Sitemap