The goal of this competition is to allow traders to showcase their trading skills and to learn from each other. Different forex traders have different trading approaches. Trading on real time data will provide a great learning opportunity for all participants.

Demo trading. We are all familiar with it. We have all heard the advice of the experts that tell you that you should demo trade first in order to learn how to trade. Indeed demo trading is thought by many to be the path to trading success because by allowing people to trade without risking any money gives them the chance to learn how to trade without the fear of losing money. This lack of risk however is what makes demo trading ineffective  at creating successful traders, because without the risk of losing money you will never be able to deal with the emotions that cripple so many traders.

I’m repeating my pledge to check their possibilities using a forex demo account. Up to now, a demo account wasn’t available in the field of binary options – not for stocks and not for forex binary options.

So you’ve learned forex at a course or by yourself and trained yourself with technical analysis using a forex demo account. Now you’re absolutely ready for a real account. So, you open an account and things begin well:

To be useful, there should be no difference between real trading and demo trading. You should apply the same risk tolerance, the same vision, the same strategies as you would in a real account, should not trade a penny more than what you could trade forex in a real account, and take decisions as if the funds risked are as real as the sums in your bank account.