Forex (Best Demo Application)

Hi Guys,

I recently started to read about forex and now i cannot figure out what demo account is most suitable for a newbie like me. Could you please tell me which of the demos you have tried works best?

Also i would like to know what forex system allows the minimum amount to be invested e.g. 300 or 500 dollars. Some of the systems i wanted to try requires minimum 2.000$ which is too high amount for a newbie indeed.

Thanks

 

Stay away from forex. It is a sucker bet and the newbs lose.

Tom

 

hmmm i am not sure about your statement Tom

There are a lot of people with a successful stories. Why you think so actually? I know it's a risky and tricky but it has good potential indeed.

Anyone experienced to answer my original question? Thanks

 

u can try alpari.co.uk its good

 

I'm agreeing with Tom, but that's being agreed with by someone who DID loose on forex. But, alas, there was a demo out from Marketiva which gave you a free $5 to try with, its a real $5 that you could, if you wanted, withdraw right off the bat. Something I'd suggest considering. lol.

 

i think etoro is the best online trading platforms ever

 

Your statement seems to be correct. Thanks for suggesting it!

 

Yeah etoro offer you can trade for $25 trades also in practice mode

 

I recently started to read about forex and now i cannot figure out what demo account is most suitable for a newbie like me. Could you please tell me which of the demos you have tried works best?
I would suggest you go with broker that offer MT4 such as MBTrading that ECN.

Also i would like to know what forex system allows the minimum amount to be invested e.g. 300 or 500 dollars. Some of the systems i wanted to try requires minimum 2.000$ which is too high amount for a newbie indeed.
Do you mean EA or indicator? I now testing with Fapturbo.

 

I love VT trader. You can try demo of www.cmsfx.com . Good one.

 

I am sure about my statement.

I have 30+ years experience investing my own funds.
I passed the CPA exam 20+ years ago.
I was responsible for the audit of the foreign exchange exposure of one of the Big 3 auto companies.

Forex is a zero sum game. The only people who profit over the long run are the brokers, bot sellers, affiliates and a very few traders. Some of the brightest people I have met in my career were those who worked in the forex dept at the auto company. If you think you can outsmart those guys, and their counterparts at all the large international companies, plus all the forex brokers, you are a fool indeed. They are the likely party at the other end of any deal you make.

My advice regarding forex trading:
If you don't have $25,000 that you can throw away and substantial time to invest into the study of forex than you shouldn't trade.

Tom

 

I wish it was so easy to believe as you describe. However your advice is taken. Thank you so much