Favorite DEMO?

Hello, new poster here.

I've done about 4years plus trading the eminis daily(3-4hrs a day). It took about 2.5-3years to become consistantly profitable. I stopped trading the minis when i 'blew up' one of my accounts as i added IB as a broker and thought i had Exited all my trades.

I lost about 8months worth of profits and took a break for personal reasons on top of the loss for a couple of years.

I would like to get into FOREX, i've done a demo account for a 'big' 1month and turned a reasonable profit, using my emini strategies. I will have to get used to the differences between the eminis and forex, but i enjoy the intermarket relationship the forex has with other markets.
I will continue to read many of the threads here to get a glimpse of how some of you profitable forex traders think and operate.


I am looking for peoples favorite DEMO accounts and why?

I'm leaning towards ones that you are able to plot and save- pivot points, lines, fib lines, notes, etc. Also ones where you are able to adjust the demos starting balance up or down.

Do those exist in a demo? and who?

thank you in advance.

Metatrader will let you add fibs, pivots, lines, and any indicator you can possibly imagine, and you can save your settings into different profiles. So you can create different profiles, each one of them displaying different indicators/lines/whatever, and you can easily switch between profiles...it's very flexible in that aspect. First time you start the platform you can adjust the initial balance and leverage (not sure if you can change it afterwards). Do a google search on Alpari UK, their metatrader platform doesn't expire as long as you make a trade every once in a while (3 months I think).

OEC Trader

why?

cos it's the best

i also use Alpari UK as demo

alpari is good for the non expering demo. so, my oppinion, go the alpari-way )

I have been using demos downloaded from brokers that use the Metatrader 4 platform. As mentioned the MT4 platform offers you pretty good charting and most options that you need. However be aware that at the beginning of the month your trading history will vanish so you better save your trades as a report. FXDD, InterbankFX, Alpari are three examples of brokers who will allow you to demo with them using the MT4 platform.

When you go live you may not end up using MT4 as oddly enough many brokers out there prefer to use their own trading platform. So you may end up having to demo a few months with your prospective broker to get used to their platform or just keep using a MT4 demo for charts and enter orders on your broker.