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What demo account do you use?

  • #1
  • First Post: Oct 6, 2006 4:23am Oct 6, 2006 4:23am
I opened an unlimited demo account with strategy builderfx and also with spottrader but they don't offer a good service...chart blocks often
What demo account do you suggest me?with metatrader4 charts

thanks

canados
  • #2
  • Oct 6, 2006 9:35am Oct 6, 2006 9:35am
I use fsxol.com, the charts are easy to use and its fairly flexable.
  • #3
  • Oct 6, 2006 2:26pm Oct 6, 2006 2:26pm
Quoting canados
I opened an unlimited demo account with strategy builderfx and also with spottrader but they don't offer a good service...chart blocks often
What demo account do you suggest me?with metatrader4 charts

thanks

canados
I use

www.forex.com
  • #4
  • Oct 6, 2006 3:26pm Oct 6, 2006 3:26pm
FXSol for me.
Binary Options Trader
  • #5
  • Oct 6, 2006 11:55pm Oct 6, 2006 11:55pm
FxSol is easy to use.. pretty good charting too..
  • #6
  • Oct 7, 2006 6:24am Oct 7, 2006 6:24am
Quoting TheRumpledOne
What is the reason you would pay a fixed spread when there are alternatives?

If you trade EURUSD then you need to make 3 pips to breakeven at FxSol.

Where I trade, I can sell for 3 pips over what I paid and make 1.72 pips PROFIT on the EURUSD. At the current EURUSD price, I pay 1.28 pips in commission.

If you make 1.7 pips on 10 mini lots that is $17 profit.

250 (trading days/ year) times $17 equals $4,250.

Do you like your broker enough to just give them your money?

So do you want to breakeven or make money?
Who is your broker?
Binary Options Trader
  • #7
  • Oct 7, 2006 6:32am Oct 7, 2006 6:32am
Also, isn't a fixed spread a catch 22 in that, yes, you could be getting robbed with the currency pair that you mention (EUR/USD) but on the flip side, a 3 pip fixed spread is better for currencies that usually garner higher than 3 pip spreads from other non-fixed-pip-spread brokers (like AUD/USD, for example.) I don't know, so I'm just asking.
Binary Options Trader
  • #8
  • Oct 7, 2006 7:01am Oct 7, 2006 7:01am
I have a couple of more questions to ask. Is the spread the difference between the Bid and Ask before you buy a currency pair, or is it the difference between the price that you bought the currency pair at , and sold it at?

Finally, how can there be a set spread for the broker, when the spread in the currency pair will actually vary from minute to minute?
Binary Options Trader
  • #9
  • Oct 7, 2006 9:39am Oct 7, 2006 9:39am
Try downloading MetaTrader right from InterBank FX. You can create Demo after Demo as a Standard or Mini account.
  • #10
  • Oct 8, 2006 3:33am Oct 8, 2006 3:33am
Quoting canados
I opened an unlimited demo account with strategy builderfx and also with spottrader but they don't offer a good service...chart blocks often
What demo account do you suggest me?with metatrader4 charts

thanks

canados
Check this out:
http://www.forexfactory.com/forexfor...ead.php?t=5293
"The market will rally from this or lower levels"
  • #11
  • Oct 8, 2006 4:14am Oct 8, 2006 4:14am
yeap use fxsol.com account.. u can use different lot sizes and leverages.. its pretty cool.. plus the interface rocks ..
BECAUSE I CAN !
  • #12
  • Oct 8, 2006 4:20am Oct 8, 2006 4:20am
I haven't looked at the demo you guys are talking about. But.....I wouldn't use an extra-super-fantastic demo account if I'm gonna end up trading live on something much more average. I guess it's like learning to drive a manual. So, if for any reason whatsoever you might not be able to go live with a particular broker (eg, their deposit requirements are too big or they're from a country where there's no regulation and you're worried about getting ripped off or any other reason), I wouldn't use it for the extra features it has. It would just give me a distorted idea of what it is I'm going to do when I go live.
"The market will rally from this or lower levels"
  • #13
  • Oct 9, 2006 6:53am Oct 9, 2006 6:53am
Hi guys,
thanks everyone for the replies.I donwoaded alpari.Very good for now

Canados
  • #14
  • Edited 10:29pm Oct 10, 2006 10:15pm | Edited 10:29pm
I've had two brokers and out of those two Oanda was far and away the better. 1.5 point spread on the EUR/USD, you can adjust your order size to anything you want, your demo account is permanent, and it trades just like the real one. I'm surprised I was the first one to mention it, I thought it was the benchmark. Read Oanda's FX Trader's Bill of Rights. http://fxtrade.oanda.com/billofrights/ It's what sold me on them.

Learn how to adjust the color options on your charts because the default looks jacked.
How you act is more important than how you feel.
  • #15
  • Oct 10, 2006 10:38pm Oct 10, 2006 10:38pm
meta trader is a good stuff to learn.friendly user.
  • #16
  • Oct 22, 2006 3:51am Oct 22, 2006 3:51am
www.fxsol.com is outstanding with great charts... try them out!
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
  • #17
  • Oct 5, 2014 10:28am Oct 5, 2014 10:28am
you can use a demo account at INSTAFOREX.COM
  • #18
  • Oct 9, 2015 8:35pm Oct 9, 2015 8:35pm
Quoting Randyrv
I use fsxol.com, the charts are easy to use and its fairly flexable.
I would have to say that's the best one. I mean I have to agree with you there. That is also the one that I used and it worked great for me. I know that I loved using the demo account because it really helped me out in the long run. I know that sometimes they can be bad though if you start to rely on them too much. I know that some people don't get the results that they want because they rely on them, and then when it comes time to really start the trading they lose out. That's why made sure that I was very careful trading.
  • #19
  • Oct 26, 2015 10:16pm Oct 26, 2015 10:16pm
Take your time to try any broker's demo account, some might just give you basics about forex trading and some may gives you some advantages in forex trading, some may force you to pay some funds for advanced moves and some may gives you almost everything for free (except for profit you've made in demo account, nobody will cash it for you)
  • #20
  • Oct 28, 2015 12:08pm Oct 28, 2015 12:08pm
I have question that 4 digit and 5 digit demo account, which is better for new trader to practice?
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