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Forex demo account app

Опубликовано в How to really make money on forex | Октябрь 2, 2012

forex demo account app

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To access the FxPro demo accounts, you need to complete the registration form and provide us with some information, however, you do not need to upload verification document s or fund until you are ready to trade live. A real account will be automatically created upon completion but to activate it, we will need to verify your identity and may need to confirm some additional details with you. Opening a demo account through our FxPro mobile app is the perfect option, as after completing the registration, you can immediately start using the demo account, within the very same app!

Alternatively, you can open a demo account from your FxPro Direct portal, for any of our platforms and account types. Please click here for a full comparison. A trading demo or simulation essentially allows you to experience the market and platform features, using virtual funds and therefore without risk.

New to trading? Our free demo forex accounts will allow you to practise and hone in your trading skills risk-free until you feel confident enough to trade live. You can also make use of it as an experienced trader if you want to test different trading strategies.

Although demo accounts present real market conditions and prices, please keep in mind that they are simulations and cannot always reasonably reflect all of the market conditions as during highly volatile or illiquid periods e. Margin and leverage settings may vary between your demo and live account and you should not expect any success with the Demo Account to be replicated in your live trading. For this reason, it is strongly recommended that demo accounts are viewed solely as a learning tool for inexperienced traders or a place for testing new trading strategies.

EN English. Create Live Account. Carefully reading what your chosen platforms offer is an excellent place to start. There is no expiration. No registration demo accounts are accounts you can access without any need to sign up with the platform. This means no marketing emails, no personal details provided and no communications. For those that want a brief glimpse at what a trading platform can offer, a no registration account is an excellent option. In most cases, demo accounts are free-of-charge.

No trading costs should apply to those using demo accounts, because none of the money being used is real. This means you can access demo accounts for multiple different trading platforms at no cost, allowing you to thoroughly and adequately decide which platform is the best for you based on first-hand research.

When it comes to accessing the demo accounts you like the look of the most, the next step is looking at what is compatible with your current setup. There are multiple different options available out there for demo account platforms — which you pick is up to you:. Also known as MetaTrader 4, this popular platform is a commonly used option for trading and analytics. While a newer version is available, MT4 continues to be favourite for many traders. This is thanks to its robust design and familiar controls, making it a top pick for many long-time traders.

MT4 is used for Windows OS. MetaTrader 5 is the newer version of this Windows OS platform, offering a multi-functional platform that has a host of new features not included in MT4. For new traders, starting off on this platform provides you with the most up-to-date option on the market from this popular developer. MetaTrader is exclusively a Window OS platform, though some individuals do find workarounds to use this popular software within the Mac OS.

For the majority of traders, however, the use of specifically brand-designed platforms is the solution, with many companies offering their own proprietary Mac OS software alongside Windows and Linux options. A UK-designed platform by Spotware that supports trading and charting, cTrader is a pared-back platform option that looks slick and is incredibly user-friendly. For new traders that want something simple and easy, cTrader is an excellent platform of choice.

Alongside desktop applications, there has been a steep increase in the number of traders using their mobiles for Forex trading on-the-go. This could be through entirely mobile systems or integrated apps for existing trading platforms. We go into further detail about mobile applications for Forex trading below. One of the most valuable additions that many traders enjoy from specific Forex trading platforms is contests and competitions.

While these are commonplace on real money trading platforms, they are also increasingly common for use with demo accounts. This brings an extra touch of reality to virtual trading, helping to bridge that gap between testing out trading and doing it for real. Typical contests and competitions for demo accounts may include weekly, monthly, and even daily rushes to achieve specific numbers and beat your fellow demo-users.

In many cases, these wins can result in real cash prizes — providing the rush of trading without the risk of using your own money. This makes contests an excellent middle ground between using your own wallet and simply practising for nothing in a demo setting. The evolution of mobile technology has meant great things for Forex traders. Not only can you now trade from anywhere, but all the information is available at your fingertips with just a tap and a swipe.

The best Forex apps are available for iPhone and Android, as well as Blackberry. Downloading apps for Forex trading can be as easy as visiting the iOS App Store or the Google Play Store and finding an app that sounds interesting to you. As a complete beginner to the world of Forex trading, what should you know?

The most important thing to understand before you begin trading with real money is what exactly you want out of a platform. Would you like incredible functionality, or would you prefer as many types of analysis as possible? Do you want something you can access from mobile, or is desktop preferable? Do you use Windows OS or Mac? Finding the best platform for you means doing your research, understanding what you need and working towards it.

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