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Demo Forex account

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   Demo Forex account


 

There are cases when an inexperienced PC users, open position, which went to good plus, didn't know how to close the deal in MetaTrader. Such examples are hundreds. How to use trading terminal, if the user does not know anything about the figures of technical analysis, charts, indicators, etc. of Course, you can all by yourself to learn from the MT4 help, but without a theory of the market vision of the picture will be partial. So, before to open a demo account, the trader is very desirable to have a General idea about the market and the factors that drives them. Trading terminal and the demo only additional tools for profitable trading, the main was and still is the human brain.
Demo account (DS) is an important component of the way of the trader. Thanks demo account Forex you can test your trading strategy without fear of losing real money. It is a way to assess trading conditions Forex broker, like the spread, speed of opening orders, etc., even partially. For the beginner it can be useful to study the trading terminal MetaTrader, having mastered the basic functions like placing pending orders or applying appropriate indicator on the chart. And only receiving income from trading operations in the month, and preferably two or three, with a clear conscience, go on cent account. Believe me, at first, even on small amounts of Brodie 10-20$ to you as a beginner will experience psychological stress, trading for real, not virtual money.

To open a demo account it is very simple. Download site broker Forex trading terminal MetaTrader after installation run it. When you first start the program will ask you to enter your details to open the DS. It is advisable to enter a fake email address and e-mail, so as not separate basket. Confirm the information and click Next. The program scans the server and gives you the account number and the password that you want to keep. If an open account is inactive for a certain time (I think 2 or 3 months), it will be closed.

There are some restrictions demo Forex account. For example, you will not be able to trade silver, only gold, or some currency pairs will be available for work. But the base exchange are present, so not to worry.

A very convenient feature is the determination of the amount of the Deposit and leverage when opening of DS. Thus, we have 100% compliance with real account and can see what will happen to our money if we worked on the real.

After opening the account, the terminal will show us 4 different graphics tools. Close unnecessary, via the File menu gt; New chart select what you want, then custom himself chart of the currency pair (the Properties item from the context menu or press F8). All, the terminal is ready to work!

As you can see, the benefits demo Forex accounts obvious. DS enjoyed and experienced traders to test their strategies, because not every trading system will work properly in the strategy tester MT4. Beginners can also advise not to work with a real account to obtain a stable result on the demo. Good luck!

Remember that the profitability of trade is highly dependent on your chosen broker!

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