Demo account is just for practice just as a test drive but the actual drive is when you face the real ongoing situations in market, that will decide how skilled you are and will also reflect the practice of your demo account.
Hi,
I was wondering if you have finally reached a conclusion between MT4 and MT5. I will appreciate it if you let me know, too.
Retired Purchasing Manager and ready to trade Currencies.
Some knowledge but have butterflies.
Oanda Practice account currently but preparing to go live near term.
First hurdle is ATR indicator and how to convert the decimal point into PIPS?
Still getting confused. Examples below: Not Including JAPAN Pairs.(Different Rules)
ATR 1.2345 = 123.45 PIPS - Correct?
ATR 0.1234 = 12.34 PIPS - Not Sure?
ATR 0.0123 = 1.23 PIPS - Not Sure?
ATR 0.0012 = .12 PIPS or 12 PIPS - Not Sure?
Looking forward to some help and sharing other ideas.
ZZPIPZ
I would suggest you to try Metatrader 4 and Metatrader 5 platform, since both of the platforms are good to use.
When trading on demo my used margin doesn’t change as price goes up or down…I thought it’s supposed to change but it remains static in my demo account…does the change in used margin change only in real account because it doesn’t change in my demo account
1 Like
You can practice it on meta trader 5 and meta trader 4
Demo accounts, enable traders to train and test their new trading strategies without risking real money. The money shown in demo account is virtual. A demo account is identical to a live account in terms of a trading platform, instruments etc. A Forex live account is where you deposit and trade using real money. Any loss or profit is real in live account.
You can use any platform but i would recommend you to always start with a demo account because it will be help you to practice and learn trading strategies.
There are various platform for trading that can be forex com, Plus 500, City Index.
Hi
Use trading view to analyse
Use ctrader platform (meta4 is just too dated)
Use IC markets broker and link with ctrader account… (go to ic markets, create account, download from there… U can call them too 24rs… They have free UK number too)
A post was split to a new topic: If you deposit 10$ into mt4 and losing a trade by 10$ or more (temporarily), will that blow your account?
hi i am new but i will like you to share to me some principles you use in making profits if possible
1 Like
hi i am new but i will like you to share to me some principles you use in making profits if possible ,am waiting please
Any there any beginners stories from using baby pips training course. Have any you guys made decent money and how long did it take. Can anyone mentor me and coach me through this courses. I’m a dedicated and fast learner. I just need some to guidance and hope to find some in this wonderful community,
You can practice on meta trader 4 and meta trader 5.
1 Like