Practice accounts are designed to teach Forex trading. They are the same as the real accounts – you trade on the same terminal, see the actual situation of the market and get the real quotes. The main difference between the demo and the real accounts is that you trade virtual money, not real. So you need no deposit, risk nothing and won't lose. And this gives a lot of advantages.
Try out even the most demanding strategies with up to $5,000,000 credit
Test your prowess and trading strategies before entering the real market!
See if your advisors are up to snuff in the dedicated risk-free environment
Do not limit yourself with EUR/USD – with JustForex demo accounts you can work with more than 80 trading instruments
Forex is simple – but it is risky. With JustForex demo accounts, you can practice to your heart’s content and enter the market only when you are ready. Moreover, they are completely free.
1. Log in to your Back Office. If you don’t have an account yet – Sign Up;
2. Click My Accounts in the right sidebar;
3. Click New MT4 Demo Account ot New MT5 Demo Account;
4. Choose the MT platform;
7. Select the leverage. You should pick the same leverage you’d use on a real-money account;
8. Enter your preferred virtual balance;
9. Come up with a password. Confirm it in the field below;
10. Click Open Account.
From that point, you can sign into your forex demo account with a MetaTrader 4/MetaTrader 5.
You can’t withdraw money from the practice accounts. With real-money accounts, you get to actually profit from your knowledge.
However, real-money accounts carry a significant amount of risk. Before you start trading on them, make sure that you are ready for Forex.
Stop thinking that Forex is a casino where everything is down to luck. There are rules and consequences on this market, and you need to understand them.
Regularly read the market analysis and daily forecast to place your orders accordingly. Do not chase wild volatility, develop a consistent trading style.
Making some profit on a daily or weekly basis is a sure sign that you understand the rules of Forex and are ready for the real-money account. Otherwise, keep practicing.