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I am getting 10% daily return on my Forex Demo account. Need Advice.
Like the title says, I am doing crazy good on my Forex demo account. I want to know is this sort of thing common and will it all completely change when I make a live account. For some background I have been only studying Forex for about 2 weeks but during those 2 weeks I have not stopped learning. I came across a strategy that is now making me 10% returns per day and I'm fairly sure I could make that number higher with more practice. Any advice with this would be much appreciated.
Practical learning is times better than visual, theoretical learning. This applies incredibly well to Forex trading. No matter how many blogs you read and how many videos you watch, no learning experience comes close to Forex demo trading. A Forex demo account simulates real-time trades that currency players can learn from. Learn more from here.
does anyone here use forex demo accounts? what do you recommend?
Hi folks, I'm looking at signing up for demo or play account for forex trading for educational purposes. I know that it's high risk and the many see it as gambling, so I would never risk money that would leave me unable to sleep at night(hence, I would like to try the play account first). Note: I have an emergency fund that I do not touch other than in case of job loss, as well as ETF index funds that I continually contribute to(and I have become very prissy about maintaining monthly allocations), so I would never use more than my entertainment money if I were to trade in real life =) I'll also be signing up for the ASX sharemarket game for entertainment/educational purposes. So, does anyone know of a good demo/play forex account? What amount of cash do you limit for your forex trading if you were using real money?
FOREX.com offers a free $50,000 demo forex trading account with no risk and no obligation. With forex demo account, you can: Develop your trading style Try out even the most demanding strategies with up to $5,000,000 credit Enjoy trading without extra hassle Test your prowess and trading strategies before entering the real market! Try out the expert advisors ... From this demo trading account though, you can experience trading with more than 70 CFD forex trading pairs on an account which does not expire even if you are inactive. Beyond this, Plus500 offers over 100 assets traded as CFDs from indices, commodities, cryptos, to ETFs, options, and blends. 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. Advantages of a Demo Account: Unlimited usage; Real market conditions; Test trading strategies; Access to trade with the MT4 and MT5 Terminal and Webtrader; Up to $100,000 virtual opening balance; Open Demo Account New Clients Existing Clients. If you are an existing client please login to your existing myHF area to open a new Demo Account.
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