Demo Trading Forex Version
- Choose the currency pair that you will trade (Symbol) .
- Determine the amount (Volume) .
- Determine the amount of Stop Loss and Take Profit to apply risk management. This section you can leave if you do not want to apply risk management and you can specify if you want to apply risk management and run your transactions automatically which means you do not have to be in front of the monitor 24 hours.
- Fill in the comment if needed (Comment) .
- Choose the type of execution ( Market Execution or Pending Order ), in the example above I choose the type of Market Execution.
- Click the Sell by Market button or Buy by Market depending on the results of your analysis of the price movements of the currency pair that you selected earlier.
- You must choose the Pending Order type ( Buy Limit , Sell Limit , Buy Stop , or Sell Stop),
- Determine the price at price ( must meet the conditions that are at least 20 points different from the current market price )
- Click the Place button.
So that you can quickly understand how to trade forex, please just practice it and don’t be afraid to explore this trading platform. And don’t be afraid to make a mistake because this is the function of forex trading using the DEMO version. The more mistakes you make, the more you will know about forex trading.
If you have learned a lot about forex trading using a DEMO account and are sure you want to open a REAL account because you are able to record profits consistently then please choose the right forex broker to open your REAL account. And I hope before you open a REAL account you have read all the subject matter about forex trading.