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What is a Forex Demo Account?

A Forex Demo account is basically a trading account that allows you to trade like normal but with "Play Money"

It is a great way to try out your Expert Advisors or trading strategies before you put in your own hard earned cash. All Forex Brokers See here for the main Forex Companies that all offer free demo accounts just for signing up with them (which of course is also free)

When you install your MetaTrader software that you downloaded from your broker, simply click on "Open Account" where you will have the options for your new Demo Account setup.

The Demo account works just like a real account however it may not include any spreads or may have slightly faster trade executions but it is still a lot better than risking your own money while you learn.

Other Topics

Free Trading Strategy

What is forex trading?

What is a Forex Demo Account?

How do I load an Indicator?

How do I load an Expert Advisor?

What is the difference between .MQ4 and .EX4 indicator?

How do I convert an .MQ4 to .EX4?

How do I backtest an Expert Advisor ?


HIGH RISK WARNING: Foreign exchange trading, (Forex) carries a high level of risk, that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you can not afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial, or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes and is not intended for trading purposes or advice.

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