Sunday, July 11, 2010

Forex Online Broker Demo Accounts

The majority of all online brokers in forex offer demo or game account for free so you can preview their platform. It is highly recommend to trade forex under one of these demo accounts before ever trading live so that you can gain experience and confidence in your trading.

After you do begin with your real account it is important to begin using very low leverage. The most important focus of a forex trader should always be being mindful of risk.

While learning forex trading pay close attention to the importance of good money management as it is what separates the winners from the losers. Take your time and do not be in a rush to trade a real account until you understand how to make money.

There is no rush to open up a real account until you are ready so take your time trading with a demo. Make sure you are making consistent returns first for at least three months before moving from a simulated trading account to a real one and when you do start trading half the amount of money you plan to be trading.