Hello everyone, my name is Alex and I’m brand new to the world of FOREX. Needless to say, I’m excited yet intimidated at the same time.
What are the best demo platforms out there for someone that’s trying to get some practice under their belts? Thanks in advance !
Try oanda. Their interface is very simple and easy to understand.
You mean brokers or software? For software, you have web based trading software, with every broker offering it’s own flavor. Tradingview standsout, you can go to them directly for the software and hook up many brokers to their software. Some big brokers even us a trimmed down version of Tradingview from their broker website. There’s also MT4/MT5, ctrader, and … that’s all I got.
As for brokers, in the US, you have your choice of IG, Forex.com and Oanda. I’ve been on demo with Oanda for a bit. And I use Oanda’s Tradingview platform, and then sometimes Tradingview with the Oanda integration. Gives me a chance to check out some of the other TV resources.
I think you can even get setup to use Tradingview through this website. Check this article. There’s a tradingview picture at the end.
the demo is really important for all kind of traders but i have seen general trader ignore this , this take this place as time passing . even though there is no real money but the master place to become knowledgeable.
Thank you , I downloaded the mobile app
Whatever platform or broker you use, make sure you are developing an strategy on demo. The purpose of demo is not just to make profit. Here you need to test your strategy to see how it’s working.
Demo account is very useful for the new traders. Almost all traders start their careers with a demo account at first. It is the best way to learn all the basics of the forex perfectly.
Trading on a mobile only I think would be very hard. The screen is too small when looking at charts!
Do you have a computer you can use?
You’re welcome. Good luck.
If you want to trade on a demo account with a broker then I would suggest that you give demo from Forexchief.com a try. Trading on demo will help you understand if you want to continue with the same broker. If you like the trading conditions you can easily switch from demo to live.
by using demo account there is a chance to predict brokers real performance ? in general we see lots of difference between demo and live performance.