Forex Trading Demo

The best way is start your forex trading journey, is to sign up with a broker and request a forex trading demo.

A demo account will assist you in getting familiar with all the various trading terminology as well as using various indicators.

Some terms to look out for and their description, in short:

– Spread: The amount between the asking and selling price of the broker. Each trade will have a spread, which will be the cost of the trade towards the fees of your broker.

– Lot: The quantity of a certain instrument.

– Long / buy: You will profit when the market goes up.

– Short / sell: You will profit when the market goes down.

– Bear market: A market with a downwards trend.

– Bull market: A market with a upwards trend.

– Stop loss: The limit you put on each trade, to make capped any potential losses when the market turns against you.

– Leverage: The amount or contribution from the broker towards every trade you make. The leverage of each instrument as well as each broker varies, but are normally to the maximum of 100:1.

– Floor or sealing: The bottom or top turning point in a consolidation (sideways) period of an instrument.

– Counter trend / retail trading: Trading between the floor and sealing during the consolidation period of an instrument.

– Breakout or trend trading: Trading on an instrument when it break-out from the consolidation period of an instrument.

Hope these terminologies will assist you while using a forex trading demo account from a broker.


 

 

Forex Company Comparison:

Please see the various online forex companies reviews below:



24 Option

Trade Forex, Stocks, Indices and Commodities.

Demo Account: Yes

SIGN-UP
(TOP RATED)
Min Deposit: $350

SIGN-UP
(TOP RATED)


CM Trading

Trade Forex, Stocks, Indices and Commodities.

Demo Account: Yes


Min Deposit: $250




IQ Option

More than 250 instruments with $10 minimum deposit for your ultimate trading.

Demo Account: Yes


Min Deposit: $10




AvaTrade

Trade Forex, Stocks, Indices and Commodities.

Demo Account: YesMin Deposit: $250
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