Demo Forex Account
The easiest way to learn Forex Trading is by practicing with a Demo Forex Account. Opening a Demo Forex Account is very simple and can be done online within minutes. Download a Demo Forex Account from any Forex Brokers. Change the amount of capital of the virtual fund available to an amount that is within your means. By doing this, you will be practicing Forex Trading within a realistic funding situation.
Forex Market
Learn about the Forex market. Get some free e books. There are freely available from the internet. Read and understand the terminologies. It is important that you know and understand the important terminologies like Swap and No Swap, Leverage, Spreads and also the most important thing is the fundamental news that affect the strength of the currencies and currency pair.
Forex Trading Platform
There are 2 types of Forex Trading platform; the web based trading platform and the Meta Trader 4 Forex Trading Platform. Choose the Trading Platform you want to trade with. But, the more popular one is the Meta 4. This is because of the fantastic features available in the Meta 4 and its user friendly.
The Meta 4 Demo Forex Account
The Forex Broker
This is the most difficult part in your decision making process. There are hundreds of online Forex Trading Brokers. Choosing the correct Forex Broker will make your life easier and more comfortable. I recommend Master Forex.
Forex Meta 4 Platform : Opening a Demo Forex Account
Master Forex
The trading platform used by Master Forex is the Meta 4. The project in establishing Master Forex, comprising professional traders and talented analysts, started in 2003 and Master Forex Brokerage was founded on October 2, 2006.
The owner of Master Forex trademark is the company Beaverhead Financial Inc., a Company registered in the Republic of Seychelles under the International Business Companies Act, 1994 (Act 24 of 1994).
No Swap Islamic Account
Master Forex offer accounts with Swap and No Swap Islamic Accounts. The No Swap Account is for Muslims who are forbidden in indulging in interests elements.
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Standard Mini Account and Micro Account
Master Forex have both the Standard Dollar Mini Account and the Cents Micro Account.
Competitive Spreads
Their spreads are competitive. Deposits and Withdrawal is by Pay Pal, Liberty Reserve, Web Money, Internet Banking and Wire Transfer.
Master Forex Forum
An interesting feature on Master Forex is the Master Forex Forum. There are the English, Russian, Dutch, Chinese, Indonesian, Malay and Arabic language forums. At this forum, members are free to exchange ideas and experience, discuss about Expert Advisors and Technical Indicators or bring out their grouses and problems in the open.
MASTER FOREX TRADING BROKER
Master Forex Forum
- Indicators
- Expert Advisors
- Forecasts
- Forex News
- Forex Signals
- English,Bahasa Malaysia,Indonesia,Chinese,Arabic Forums
Master Forex Meta 4 Forex Trading Platform
- Demo Accounts
- Live Accounts
- Micro (Cents) Accounts
- Mini (Dollar) Accounts
- Competitive Spreads from 0.5 Pips
- Flexible Leverage Ranging 1 : 100 - 1 : 500
- Minimum Initial Deposit $ 1.00
- Exclusive Forex News from DowJones Newswire
- No Swap Islamic Accounts
- Deposits / Withdrawals
- No Commission or Hidden Charges
- Hedging Allowed
- Fast Online Registration & Approval
Practice with Demo Forex Account
After downloading the Demo Forex Account, install any Technical Indicators or Expert Advisors. Try trading under all types of market conditions and be realistic on the trades. When trading, trade using the virtual money as if you are trading with a Real Live Account using actual money. Once you are familiar and built up your confidence using the Demo Forex Account then only open a Real Live Account with Master Forex.
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I think that Forex trading can really be a good investment. The most important thing especially for newbies is not to overestimate their trading opportunities because every decision can be crucial.
The newbies have to learn about Forex and practice with Demo Account before they trade on live or real account.
Hi there,
I have already seen it somethere…
GlenStef
I see that you are a widely read person - you read a lot. When you write say about Demo Forex, it’s sort of a standard set.
The videos are doing a Great job. thanks a lot.. nIce updation…
Thanks!
Demo Forex is sure to provide a good investment for the online traders.. I am keen in opening a live account for the Master Forex. Thank you for sharing this information with us.
i prefer use alpari demo MT4 software, it more realtime
Your own house
Have you found any good new sites about forex trading platforms lately? This one that may have potential
I think this is very good post.