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Simulated Forex Trading

The best way to practice the buying and selling currencies without risking any capital is through a real-time simulated forex trading software. To achieve long-term success in this market, paper trading via a lifelike trading simulator is a must. You might ask, "How long should trader practice on the simulator?" The answer depends on the prior trading experience of the trader and his ability to learn how to use the software and understanding of basic concepts covered in the forex education section (New traders can get a free, 30-day demo of our live FX trading software and we also provide new accounts with free, hands-on forex trading ebooks.

One of the main requirements of an effective forex simulator is that it provides real life results; in other words, the trader must make sure that the simulator functions exactly in demo mode as it does in real mode, and that the prices and executions obtained through the forex demo approximate real life as much as possible. The simulator should allow the trader to execute practice trades ("paper trades") at live market rates and keep track of the account balance, available buying power, opened positions, etc., in real time.

It is wise for new traders to sign up for a free 30-day demo of our trading platform before risking any money trading currencies. Our forex platform provides sub-second executions, streaming live forex charts, advanced technical analysis indicators, news, trailing stop orders, and many more useful features. Traders can configure the software to their convenience. Look at the snapshot below of the different features of our online FX trading platform.

forex simulator - learn to trade currencies

Sign up for a free 30-day trial of our forex demo. If you have any questions about simulated forex trading or anything else, please contact contact Forex Trading USA.

In the free, live training our customers receive, our instructors cover the optimal use of our FX trading platform.