How to open a demo account for "Forex"?

Open a demo account for "Forex" - the first practical step towards the development of the foreign exchange market. Exchange trading is a risky way of earning an income. The probability of losing your own funds is great. Without special training, it is difficult to maintain capital and psychological health. Therefore, it is useful for beginners to start currency trading on the curriculum.

Young Fighter Course

Demo account is a training, training account for working on the currency exchange. Opening a cash account with a broker right after the end of the course is a global mistake, a direct way to the discharge of the deposit.

The courses lay the knowledge base on trading and indicate the direction of further self-study. It's like university and production - students write control, coursework and certification for six years. Then they receive a diploma, come to the workplace and begin to learn practical activities. At a serious enterprise, a graduate of a university is considered to be a trainee for three years.

So in trade on the currency exchange: it is necessary to pass the course of the young soldier in conditions close to the combat ones. A young trader will help to get used to the Forex market demo account for "Forex". You can open a trading terminal in the dealing center. But the time of training trades should not be stretched for three years. Three months is enough to develop abilities.

Pros of the training account

The ability to open a demo account for "Forex" allows:

• Look around in the trading program, get used to the special terms of trading, master the mode of operation of the selected stock exchange;
• To study the list of traded instruments, currency quotes, price schedules for time intervals of a minute-hour-day;
• Check the theory of technical analysis on the determination of the trend of the course, entry and exit points from the transaction;
• To carry out operations with the selected asset, without risking real money.

Later, having understood the rules of trade, the trader seeks, on the basis of acquired knowledge, to create his own or to acquire a ready-made trading algorithm. Here, too, a training account is useful - for testing the trading system.

Disadvantages of the training account

Man quickly gets used to good. How to open a demo account for "Forex", the player remembers quickly. Memory fixes positive results of actions on the training account. Loss operations seem insignificant, because the player does not spend money from his own purse. The instinct of self-preservation is dulled.

Switching to a cash deposit, the novice continues the game with a low degree of loss risk assessment. The character of the players is different. But most of them continue to think according to the demo account scheme: I have zeroed - I will open a new account. Trade allows for the opening of several accounts, but you will have to make real money.

Open a demo account on Forex without registration

You can start work on the foreign exchange market as follows. From the official Meta Trader site download the distribution kit of the trading terminal and install it on the computer. The operation takes five minutes. Step-by-Step Installation Algorithm:

1. Download and run the MT5setup.exe distribution. The "User Account Control" dialog box opens. Press the "Yes" button.

2. Read the opened window of the License Agreement, tick the agreement and click "Next".

3. Select the program installation folder in the window that opens. Additionally, set: placing the program shortcut on the desktop; Start the program after installation; The opening of MQL5.community. Click "Next".

4. Read the information in the final window when the installation is complete. Click "Finish".

5. The MT5 program loads and prompts for the name, mail and phone in the dialog box. The type of account to be opened - demo - is assigned automatically. Specify the real phone and mail. The name is at the discretion of the player.

6. The entrance to the currency exchange is made. Automatic setting means choosing a currency - the dollar. The player is available other assets - the euro, yen or pound, for example. Currency accounts are opened in dollars or cents. If a person plans to turn a trade into a profession, then the program is set up for the size of the deposit, with which the subsequent trade will take place. The program automatically assigns a deposit of $ 1 million. In the cent equivalent, it is one million cents, or 10 thousand dollars. If the player plans to open a cash account for $ 1,000 or 100,000 cents, you should set the setting to $ 100,000. Get used to the order of numbers.

7. Then a window appears with automatic selection of the service for the demo account. Click "Next".

8. Individual parameters for logging into the system are formed. Before clicking "Finish", write down three groups of symbols from the window: login, password and investor for reading. Keep information in a safe place; Do not lose - for the demo account, the restoration of confidential information is not provided.

Duration of work

On the training deposit trader spends virtual money. The habit of resetting and entering with a new account reduces the ability to reasonably assess risk. In order for the training trade to be beneficial, one quarter will be enough to work on a demo account. During this period of active virtual trade, the interested person is able to understand the rules for setting up the program, setting stop-loss and take-profit.

In three months it is useful to open a working account for 1-1,5 thousand dollars and trade in one lot. Understanding the high probability of irrevocable loss of one's own money will reduce the level of carelessness gained when trading on a training account.

Act through broker

There is another option - to open a demo account for "Forex" from a broker. For example, you can register in the dealing center, and then download the program through your account and install it on your computer. The program will require a name, phone number and mail address.

The trader does not bear any additional encumbrances before the center. For the entrance, no commissions, fees, or other payments are charged.

Plus, connecting through a broker is to get a personal cabinet with access to full-fledged work with cash. A trader can:

• Monitor the course of trade;
• Replenish the deposit with virtual currency;
• Change the parameters of the leverage;
• Open new demos and cash accounts;
• Receive money remuneration for participating in demo account contests.

Remember that regardless of the type of opening - with or without registration - demo accounts always do not have the function "Withdraw funds". Virtual money from the school account is not cashed.

"Forex" club. Open a demo account

In the financial market, the company since 1997 helps traders-beginners gain independence and confidence in ForexClub. The company works with exchange instruments, including currency.

Go to the company's website, from the main menu, click on the link "Register a personal account and open a trading account" and enter full name, email, phone numbers and passports.

In the personal account under the link "My Accounts" choose the option "Open a demo account". On the Libertex platform, for example, an account is opened for 5,000 dollars. Invest without risking a single kopeck. Accumulate experience for the transition to real money.

The management of the company works promptly. As soon as the visitor registers and opens a personal cabinet, the company employees in a telephone conversation clarify the customer's wishes and give advice on using the trading terminal.

Safe operation

Exchange trade brings a successful profit, losers - losses. Coolness, endurance, reaction speed, analytical abilities - a set of personal qualities is converted into currency.

To comprehend the rules of trade, to master the methods of analysis, the methods of building a trading strategy, hurry with the first step - to open a demo account for "Forex" without the risk of losing cash.