Posts Tagged ‘demo account’

As a new trader I would like to practice trading the stocks markets - is there a game or demo account ?


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I want to practice trading on the stock markets and am looking for a way to do this without using real money. Does anyone know of a trading game online with a vurtual account where I can practice, or a demo account?

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Does anyone know how Forex Android can be tried out for free?


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I’ve recently came across this Forex trading solution. There are good and bad reviews about it across internet as with anything.
I would like to tap into the forex market long time ago, and this solution seems to be something worth to try, and I’ve heard that it is freely available.
I am still not sure what it does exactly…
Is it like an Expert Advisor which can be installed on a Metatrader platform or under any other forex trading software?
Does it actually do the trades or it is "just" a signal service?

There are so much scam EAs and similar out there that I am very cautious about this. So basically I would like to try it on a demo account then on a live micro account etc. Is this possible?

Please if You use this software (Android) and have experience with it, then post your thoughts and impressions here.

Thanks in advance for your answer and time which you’ve spent with it!

Best Wishes,
Mate

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How do i learn forex trading?


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Please i opened a demo account and just don’t know how to operate the thing…where can i find a good book to read,or does anybody have a material that will be helpful to me,please send to shawn.aust@yahoo.com

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In your opinion what is a better way to trade currencies for a living; spot-forex or currency options? Also…?


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I am 18 years old and I have been practicing spot-forex trading for several months now with FX Club and I am quite good at it and have learned a lot about currency trading from my demo account and some books and internet article sites on currency & options trading. Its become my passion actually.

I also know something that actually is a secret to FX trading success; the trends are usually long term, lasting from several months to several years meaning you are best to trade for the long term on currency pairs to enjoy the ride of making money. You can’t do this with spot-FX because you are trading on margin and if a trading position is left open too long, you will be wiped out within so long.

What I would like to know is if currency options trading is a good way to trade currency by simple vanilla call & put options as I know that spot-FX is essentially a mugs game? Also is there anybody out there who trades currency options for a living at all? Also, what is an easy to use currency options trading brokerage that can be used by a UK based investor? Please help advise. Thanks.

P.S. Sorry my question is too long.

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I turned 50000$ into 70000$ trading on forex practice account in two days, is that good?


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The reason I am asking is because it’s kind of hard to believe that I was able to make 40% profit in just two days. I am wondering if the demo account is even legit, in the sense that it works exactly like a real account with the only exception that it’s not real money? Is that true?

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Why are there no standardized forex options?


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Hi,

Its hard to find a broker that offers forex options. The one I know is Saxobank. When I tried the demo account, it lets you choose the exact strike price (5 pip increments) and the expiry date, day by day. They are way to customized and the pip spread is always 15 pips on most of them. This tells me one thing, saxo bank is trading against their clients, so its in their interest to manipuate the spread and win when client loses.

Why are there no standardized options for forex like they have with stock options (expiry month, fixed strikes) they would be SO MUCH more liquid than those phony currency futures options.

Or correct me if Im wrong, do they exist?

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FX / Forex, with a smaller budget?


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Hi, Everyone! I am a FX beginner.
I am now taking a FX online course, and learn how to trade without making too much risk (definitely day trade). Right now, I am practicing with a Demo account.

This online course is introducing us a website for our practice, which has a contract of 100,000 of the base currency . With my budget, for me to be qualify for this, i have to use a high leverage, I was hoping to use only a couple of thousand dollars to start with (like a mini account). I dont want to use a high leverage.

Do you know and recommend any reputable/reliable online websites which you have actually used, and where someone like me can start (with
smaller amount money ) ?

Thank you in advance.
I did not know that Anyone knows a site called Oanda ?

I could not find a mini account service at FXCM ..
Thank you very much for all your feedbacks.
I am still reading your posts, so please add more information if any. Thanks!
Oh, also.. What currency combinations do you recommend? I will be starting with USD as my base. I have practiced with my practice site, with Australian, New Zealand, Euro, & Pound.
Thank you so much for all your input.
I only can choose one best answer. ;-(

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How to step up my Forex game?


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Hola,

I’ve been trading Forex in a demo account for over 2 months now. I’ve lost everything once in the process, made over ,000 some days, etc. But I would like to research forex trading more to get more expert opinions. I’ve read the whole beginner’s guide on www.babypips.com (good resource for people brand new to Forex!)

Anyway I was just wondering…… are there any people out there famous for trading Forex full-time and being successful at it? Are there any widely-acclaimed books or articles or schools of thought? Keep in mind I’m not referring to "systems" you have to pay for, ie. scam artists.

My forex blog:
www.yarcofin.wordpress.com

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