Post Tagged with: "forex demo account"
Purpose of Demo Trading: What it is, and what it is not
Guest post from ForexTraders.com 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
How to Use a Demo Account?
Guest post from ForexTraders.com It’s not enough that you trade a demo account, you test the broker, and his capabilities, but more importantly, you need to test yourself in the process. The best attitude in trading is to seek the faults always within yourself instead of blaming anyone or anything for adverse consequences. In a
MeetPips Review – Nice trading journal with live accounts missing
MeetPips is the latest venture from the founders of BabyPips. The site enables forex traders to manage an online forex trading journal, which not only helps them follow their traders, but also test the trades against the strategy, and see what other traders are doing. Here’s a review of MeetPips, which has some advantages and
Importance of a demo account: The crucial nature of testing your broker
Guest post from ForexTraders.com A forex demo account is one of the best features of trading forex online. A demo account is a trading package that allows you to trade the market with real quotes in real time, but with virtual funds. In other words, you experience the risks, and test your ability to endure
Forex Demo Account – When to go Live
In another post in the series about forex demo accounts, a serious question is: when to go live? When do you leave the practice account behind, and put real money in forex? I’ve already written that a demo account isn’t only for newbies, so the answer depends… If you’re a seasoned forex trader, you’re probably
Forex Trading is No Game
There’s lots of money in the forex market and lots of competition between forex brokers. Some of these brokers try to get customers by presenting forex trading as a game. I find this quite problematic. Barack Obama on one side of the ring. Queen Elizabeth on the other. Just make your bet on the boxing
Forex Trading in the Same Position Sizes
New forex traders are usually advised to use the same position size. This is good for beginners for several reasons. But do seasoned forex traders still keep this habit? Do position sizes grow with experience? Do they change according to the type of the position? Fixed position size for newbies New forex traders should trade
Forex Demo Account – The Basic Broker Check
I’ve received a letter from a reader asking me to help him chose between two forex brokers. Before getting into the details, I asked him if he had tested those brokers with a forex demo account. I was surprised that he didn’t even consider it. This is very important: you should always test a broker
New NFA Regulations – Dos and Don’ts
The new NFA regulations have arrived. For those of you who are trading with American brokers, here’s a basic list of things you should do, and more importantly, a short list of things you shouldn’t do. The last hedge free forex trading week is over. When trading will resume on Monday, August 3rd, the new
Forex Broker Reviews – Top 5 Sites
With many forex brokers out there, reviews about them become important to forex traders. I also intend to write reviews about forex brokers. Till then, I hereby bring a list of top 5 sites that review forex brokers: Daily Forex: Has a long list of forex brokers. It includes nice screenshots, ratings, advantages and disadvantages