Opening a forex demo account is the initial step you as a new trader should take when first starting to trade in the forex market, or for a trader looking to test a new forex broker or strategy. For theses purposes, FXCM offers free 30-day demo accounts online. Why you not try our free $50,000 practice account?
STEP 1: HOW TO TRADE THE FXCM PRACTICE ACCOUNT
TIP: Make sure you have correctly installed all the trading software
TIP: An important tool for learning forex is the Practice Account...so use it, its FREE!
| 01 Choose your currency pairs 02 Decide how much risk you are willing to take and how much you want to gain 03 Track the time and date you placed the trade. 04 Keep notes describing your strategy and why you chose to enter the trade. 05 Decide how long you want to stay in a trade (hours, days, weeks, months). 06 Why did you exit the trade? Was it at your stated stop or limit level, or did you get out for other reasons, etc.? 07 Experiment. Remember, you want to make your mistakes on the practice account - not with real money! |
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Forex Market is open 24hrs a day, and traded on a global scale, the question to ask is, ‘when should I trade?’. The good news is that no matter what time zone or hemisphere you live in globally, there are always good opportunities to trade.
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Opening an FXCM trading account is quick and easy. Follow 3 steps to open an FXCM trading