Demo Trading

A demo account is a valuable tool that can introduce a novice to online currency trading or allow an industry veteran to sharpen his trading strategies.

Not for the first time, we strongly recommend that you Do NOT open a live trading account until you are trading profitably on a demo account.

Before risking a cent of your hard-earned money, use the demo account to practice our strategy and hone your skills. We suggest that you practice for at least a month before going live.

If you develop 'bad' trading habits on your demo account, you are likely to carry those habits into your live trading. We recommend, therefore, that you use the demo account with the same level of discipline as you would when using your live account.

This latter point cannot be overemphasized. With live trading you risk real money. The psychological impact of this risk could make all the difference between trading profitably on a demo account, and losing your trading capital on a live account. What separates the profitable trader from the unprofitable is that profitable traders learn to handle the psychological pressure of risk and control their emotions. Demo trade with strict discipline and money management rules. Stick to the strategy even when you encounter a losing streak.

Be sure to download the demo platform user guide. Study it before you begin to demo trade, and use it as reference throughout your Forex trading training.