Anyone Here Trade on the ForEx? Where Can i Practice on a Demo (Fake Money)?

[Seaweed]

Before i deposit real money I want to double my deposit through a demo

[Russian Rocket]

Who the hell needs your Ex...and why are you trading him?

[triplecrown333]

Try metatrader

[Russian Rocket]

Try metatrader

MetaTrader is just a platform, that is being used by a ton of brokers out there. Kind of like Windows OS on PCs.

MetaTrader4 is the most common one.

Seaweed any broker that works with Canadian accts has a 30-day demo that you can try out.

[triplecrown333]

i thought you could just log on and demo on it, my bad

[Mac4Lyfe]

Just search for Trading demo accounts. There's a bunch of them out there. I think most of the popular outlets have dummy accounts as well. My best advice is to put a little bit of money in an account and play. You really won't get a good handle on it until you play with real money. Some sites have good platforms where you can basically cut your losses so that you can only lose a set amount. It's just like gambling... BOL

[Russian Rocket]

i thought you could just log on and demo on it, my bad

Yeah you can download MT4 from most brokers and demo it.

This software is licensed to foreign exchange brokers who then provide it to their clients for free. The reason why this platform is so popular is because it's highly customizable.

[jose21_us]

Pound gold stocks and thank me later.

[Seaweed]

So where do i go Rocket?

Link me a site please where i can demo

[Russian Rocket]

So where do i go Rocket?

Link me a site please where i can demo

Many sites/companies that I use, you can't use. US and CAN has the worst restrictions & limitations in the world as far as the trading currency goes.
Most Americans, who wants to get the same type of accounts and perks that Europeans get, trade offshore with companies from Panama and Cyprus.

If you just want to practice on the demo acct. go to https://www.fxcm.com or https://www.oanda.com

[KVB]

Rocket, ever heard Babypips and the Academy?

Any thoughts? Maybe Mr. Weed could check it out.

Google Mr. Weed.

[Russian Rocket]

Rocket, ever heard Babypips and the Academy?

Any thoughts? Maybe Mr. Weed could check it out.

Google Mr. Weed.

Yeah babypips is a cool site...I've been reading that forum for about 5 years now. Never posted a thing, but did gather a lot of useful info over the years.

[jjgold]

I think forex.com accepts Americans

Forex trading is not big in United States any longer for retail investors most of the volume is on the futures exchange CME

Penny wide spreads

[Russian Rocket]

I think forex.com accepts Americans

Forex trading is not big in United States any longer for retail investors most of the volume is on the futures exchange CME

Penny wide spreads

It does accept Americans with a 1:50 leverage...which is a joke. I get 1:400 and 1:500 from Brokers in EU.

[jjgold]

Sasha years ago I think you used to get 800 to 1 leverage but now a lot of volatility and have cut these amounts a lot and I see they adjust even lower amounts when big news brewing .

I think election day in around that time leverage will be cut

[Russian Rocket]

Yeah Coach, right before the 2008 crisis, the standard leverage for Americans and Canadians was right around 1:400 - 1:600 levels.

With 1:50 you need to have a minimum of 50K on your account, if you trade standard lots....otherwise you're just wasting your time.

[jjgold]

Sasha you ever trade with IFC Markets??

[Russian Rocket]

Sasha you ever trade with IFC Markets??

Nope...I do use a few firms from Great Britain and Australia.

Are they any good Coach?

[jjgold]

OK....been around a long time

I like places that offer CFD USA Stocks

FXCM UK is solid now
XM not bad
Not totally forex houses though anymore all going to CFD Trading

[Russian Rocket]

Yeah CFDs are very popular nowadays...probably because it's very easy to learn how to trade them. Forex is a lot more complex.

[jjgold]

Sasha for the 1st time ever I actually paid I think $30 bucks for 1 year to have add free website at investing.com

It is the best put together worldwide financial website I have ever seen

Everything so easy to find and any markets..great layouts

[KVB]

Well, this thread really took off.

[Seaweed]

Good info

[triplecrown333]

Forexfactory.com,great site to get your feet wet