How start trading from a forex trading demo?

The forex trading market is a natural playground for speculators because of its sheer size, excellent liquidity and extremely strong currency movement trends. You may think that all forex traders around the world are highly skilled top traders, but the truth is that success is only for a small percentage of traders.

Many forex traders have unrealistically high expectations, which mislead them, when what they lack in trading is the discipline required by the exchanges. The vast majority of people lack the self-discipline to eat properly or to go to the gym three times a week. If you can’t even do that, then how do you think you can succeed in trading? Short-term trading is not for amateur traders and it is unlikely to be a reliable route to short-term riches. If you can’t take big risks, then you can’t make big profits, and risk always goes hand in hand with reward. A trading strategy that takes a lot of risks will always perform erratically and often suffer significant losses. A trader who does this probably doesn’t even have a trading strategy, unless you call gambling a trading strategy.

Forex trading is not a way to get rich quick!

Forex trading takes time and effort to learn!

Traders with experience and discipline can make a lot of money in this field. However, as with any profession or job, success does not just happen overnight.

Forex trading is not easy, but many people would like you to think so. Think about it, if it were that simple, wouldn’t everyone be a millionaire or even a multi-millionaire? The truth is that even the most experienced traders still suffer periodic losses, which of course have to do with the periodic mismatch between the market and trading strategies.

Get this phrase into your head: there are no shortcuts in Forex trading. It takes a lot of time and effort to become a true master. Just like the practice of hacking, it takes a lot of mastery of programming, systems, network protocols and specific tools to get started.

There is no other way here than hard work and hard work. The method is just a direction, and a lack of effort won’t help even if you find it. Start trading on a demo account and try to treat the money as if it were real. Of course, eventually, you’ll have to trade on a real account to get some of the mindset and key details, but it’s always better to sweat more in the day and bleed less in the war.

You can open a demo account for FREE with most forex brokers.

But regular brokers need to register first, of course, this is also free.

On each broker’s website, there is a registration page, which is very easy. Like most shopping websites, you need to register an account before purchasing to facilitate future purchases. The same as forex brokers. You need to register first, and then you can open a forex trading demo account. There is generally no limit to the number of forex trading demo accounts.

We choose to take IC Markets broker as an example. When you have traded in the forex market for a period, you will find the advantages of IC Markets, the trading spreads, the trading execution speed, slippage etc.

There is a try a free demo entry on the homepage of their IC Markets website, which is instructive and easy to register. If you still encounter problems, you can refer to our article “How to open a forex account?“, which will be introduced step by step.

After the registration is completed and logging in, you will see the add demo account on the login page, Click to add a new demo account, and you will get a forex demo account, there are MT4 platform demo accounts and MT5 platform demo accounts to choose.

After the demo account is opened, you will see the details of the demo account, including account number, service name, trading password, etc.

This information will be needed when logging in. You can log in to your demo trading account on the MT4 or MT5 trading platform now.

If you don’t have an MT4 or MT5 platform, you can download on the logged page that you have opened a demo account, just click to download.

Download the corresponding MT4 or MT5 platform according to your computer system or mobile phone system, need to install it after downloading.

Now you can log into your forex trading demo account,  enter your demo account number, select the server, and enter the trading password, you will log in to the demo account and start your forex demo trading now.

Do not open a live account for actual trading until you have made a steady profit on a demo account.

If you can’t stay in a demo account until you can make a profit, then at least stay in a demo account for two months. You can’t guarantee that you will make a profit, but at least you can guarantee that you will lose money for two months. If you can’t keep a demo account for two months, then don’t do forex trading. If you can’t be tough on yourself, the market will be tough on you!  If you can’t teach yourself a lesson, the market will teach you a lesson!