iBlogForex » Currency Demo Trading

Free Forex Charts At Daily FX

Jon — Tue, 04 Mar 2008 03:29:20 +0000

The best way to access free Forex charts is to open a currency trading demo account with a Forex broker. Most Forex brokers have their own trading platform you can access the charts from and many also offer their data feed through the popular platform MetaTrader 4.

If you just want to have a look at what a currency has been doing but you don’t necessarily want to start trading Forex Daily FX offers free Forex charts.

Simply choose a chart and wait for the application to load. You can then choose from a variety of chart types, currencies and periods and add on basic studies if you like.

These charts are great for a quick look at a currency but are not ideal for those serious about Forex trading due to the limited data available and limited tools as compared to a desktop application like MetaTrader 4.

AC- Markets – A Swiss Forex Broker

Jon — Wed, 27 Feb 2008 04:53:31 +0000

AC-Markets is a popular swiss Forex broker. Trading with AC-Markets has the following benefits:
- Open a currency demo trading account for free
- Forex mini trading accounts
- No slippage & No re-quotes
- Guaranteed fills
- One click execution
- Spreads as low as 1 pip

- No commissions
- Up to 100:1 leverage (1% margin)
- NEW ability to trade spot gold & silver
- Regulated by the Swiss Federal Department of Finance
- Up-to-date Forex trading technology
- The only online Forex broker to be ISO 9001 & ISO 27001 certified.

You can open a free currency demo trading account to see if you like their platform. AC-Markets also offer Forex mini trading accounts which suit start up funds of $2,000 – $5,000 USD.

Free Forex Charts

Jon — Sat, 23 Feb 2008 04:35:38 +0000

Free Forex Charts are available on many popular currency converter websites. These websites generally only provide end of day prices, which may be sufficient for your needs. Many Forex brokers also provide daily Forex charts for free and include analysis of their expectations for the next trading session. This free service can be very useful to develop trading ideas and to keep up with what is happening in the Forex market.

If you would like to be able to manipulate the charts yourself or you are looking for a real time foreign currency exchange rate the cheapest option is to open a free currency demo trading account. Most Forex brokers offer a free demo account with real time data and a certain amount of historical data. My favorite Forex software is Meta Trader 4 and best of all it’s free. Here are some of the advantages I’ve found:

- Meta Trader 4 is very popular, this means it is offered by a huge range of Forex brokers.
- There is a huge range of custom indicators and expert advisor’s available.
- Meta Trader 4 contains a very comprehensive list of built in technical indicators.
- Unlike E-signal each time you load a chart in Meta Trader 4 new data is added with no historical data taken away.
- Easy to use and with so many people using it help should not be hard to find.

Good luck with your search for free Forex charts, fortunately with so many Forex brokers offering currency demo trading accounts you should find what you need.

Currency demo trading

Jon — Wed, 23 Jan 2008 09:07:52 +0000

Foreign currency demo trading is a great way to test a forex trading strategy. Most forex broker’s offer this service, allowing you to test your forex trading strategy with virtual risk free money, some forex broker’s offer this service for a limited period (as low as 1 week) and some offer unlimited currency demo trading. It is recommended that you test a forex broker’s platform for at least a month, at different times of the day and during different market conditions (including before, during and after news releases) to ensure you are aware of any limitations the forex broker’s platform may have.

Currency demo trading is also a great way to test what other services a forex broker offers. Many offer additional services that may help with your forex trading decision making, some common services are: real time charting, streaming news feeds, research reports and market analysis. A currency demo trading account will allow you to develop essential forex trading skills like placing orders and entering stops and limits before you have the stress of dealing with real money.

Most of the time, a trader will open a live account with the same company they held a currency demo trading account. Therefore before you open a currency demo trading account it is worth spending a bit of time thinking about what features you would like and comparing what different forex broker’s offer and at what cost.

Before you start currency demo trading you should have a plan. What strategy are you going to trade? What are you entry and exit rules? How will you manage the trade when it’s in profit and when you’re losing? What hours of the day are you going to trade? How will you react to news releases? What will you do if you have a run of losses or a run of winners? A well thought out trading plan that answers these questions is essential to avoid letting your emotions take control.

Learning a currency demo trading platform is much easier than learning to trade forex. Learning the basics of forex trading is essential for success. The internet and e-books can provide a lot of useful information to get you started.