Guidance for new trader - Mentoring

Trading Discussion
1

HI,
I am new to trading but getting good interest on trading. Done with training on babypips which is awesome source of learning. I know various chart pattern and still learning each and every day. Now wanted to start with demo account and practice. Could you please help with your guidance? I am ready to put more effort on learning that’s for sure.

  1. What is the best site or mobile application for demo trading?
  2. How to track trading on Journal? Any mobile application or website? Or should i use only xls? Your kind guidance will be much appreciated.

Thanks

1 Like
2

Hi welcome!
I’m not sure if I’m going to be much help but I have a demo account with LCG trader and I enjoy using their platform the most. Either on the laptop or mobile it’s fine.
I also have an account with CMC markets I think it’s called but stopped using it as I hate their platform.

I used to use meta trader 4 too which was ok.

As for part 2 of your question I’m not so sure, I’m keen to see what people answer to it as it’s something I need to sort out aswell xx

3

Thanks @lillyw91. I appreciate your input. I will check LCG. Thanks

1 Like
4

you can link your demo account with Myfxbook. They accept most brokers, so you shouldn’t; have an issue linking your demo with them after you decide on a broker. It will help you keep track and analyze your daily trading activity, but honestly make sure you keep your own journal as well.

5

How did the LCG demo account turn out to be?

6

You can also try ig index. It has very good Mobile application and clear to navigate.

7

Journalling trade I actually use telegram I make a channel with myself in and post all my trades there.

8

Hi,

  1. For demo trading you can use any broker with a MT4 platform. The MT4 from XM broker works well. No server issues in my experience.
  2. You can download the track record from your MT4. MT4 automatically saves your record. You can also link your account to a myfxbook.