Forex and equity trading demos are an easy way to learn the nuts and bolts of the forex market immediately and without the risks involved when you trade with a real money account. The foreign exchange is a dangerous financial market for beginners and intermediate traders too.
Of course you can learn the basics of forex trading by reading books and taking online courses, but the best way to understand the forex market is by doing, ie trading the forex with a demo account online … This way you can get real- time quotes and practice the currency exchange market at your ease.
Many forex brokers and financial websites offer forex and equity trading demos. Of course they give away the free software as a promotion for their paid services that you will pay for if you will open a real money account. This services cover many needs of the forex trader:
- forex signals
- reading the charts
- managed accounts
- automated trading, etc.
- 24-hour Trader Support
- Negative Balance Protection – No Debits
If you think that if you pay for a forex demo you get something better, think it again: there are a lot of reliable websites that offer free demonstrations. There's no plausible reason you should pay for it.
When you download a forex demo you get a user id and a password and then you have to download a forex trading platform (software). Some companies offer forex and equity trading demos with no software download needed , all trading activity is simply done over the Internet. After deciding how much virtual money you want at start, you can begin your forex training experience.
Now you can play your game in the forex market with all the fun and no risk at all: your currency exchange activities happen in the forex demo only and not in the actual market. When something changes in the real market you will see how much you should have gained or lost with a real account.
Sometimes you will lose a great amount and you'll breathe a sigh of relief because it was only a demo, but other times you'll come to regret if you'll see your money account increasing and you were just "playing a game. .. "