Are you fascinated with economics, free trade and international relations? If so, then trading currencies on the forex market may be for you. If you consider yourself an aspiring forex trader, then it is crucial that the proper due diligence is performed before entering the marketplace. At a bare minimum, it is necessary to address the following issues ahead of putting your money at risk:.

Listed below are a few of the most common and costly rookie mistakes:. Extensive use of a forex demo can reduce the number of unforced errors while helping to promote good trading habits.

In addition, the demo can be instrumental in developing new ideas or fine-tuning an existing approach. As a leading forex brokerage firm, FXCM gives individuals the opportunity to trade forex via demo account on several unique platforms.

Trading Station , MetaTrader 4 and NinjaTrader are a few of the software platforms offered by FXCM that support forex simulation.

Being able to interact with the forex market in real-time, without risk, is a tremendous advantage to both novice and veteran traders alike. No matter which type of trader you are, experience gained through simulation is a solid step toward achieving success in the forex marketplace.

Leverage can work against you.

Be aware and fully understand all risks associated with the market and trading. Prior to trading any products offered by Forex Capital Markets Limited , inclusive of all EU branches, FXCM Australia Pty. Limited , any affiliates of aforementioned firms, or other firms within the FXCM group of companies [collectively the "FXCM Group"], carefully consider your financial situation and experience level.

If you decide to trade products offered by FXCM Australia Pty. Limited "FXCM AU" AFSL , you must read and understand the Financial Services Guide , Product Disclosure Statement , and Terms of Business.

The FXCM Group may provide general commentary which is not intended as investment advice and must not be construed as such. Seek advice from a separate financial advisor. The FXCM Group assumes no liability for errors, inaccuracies or omissions; does not warrant the accuracy, completeness of information, text, graphics, links or other items contained within these materials.

The FXCM Group is headquartered at 55 Water Street, 50th Floor, New York, NY USA. Forex Capital Markets Limited "FXCM LTD" is authorised and regulated in the UK by the Financial Conduct Authority. Registered in England and Wales with Companies House company number Limited "FXCM AU" is regulated by the Australian Securities and Investments Commission, AFSL FXCM Markets Limited "FXCM Markets" is an operating subsidiary within the FXCM Group.

FXCM Markets is not regulated and not subject to the regulatory oversight that govern other FXCM Group entities, which includes but is not limited to, Financial Conduct Authority, and the Australian Securities and Investments Commission.

Forex Trading Simulator / Game - sanapidyqel.web.fc2.com

FXCM Global Services, LLC is an operating subsidiary within the FXCM Group. FXCM Global Services, LLC is not regulated and not subject to regulatory oversight. Market Insights Currency Markets Commodities Trading Glossary.

Is Trading Forex For You? How Do I Prepare For The Live Market?

Trading Simulator | fxacademy

At a bare minimum, it is necessary to address the following issues ahead of putting your money at risk: No matter what kind of professional experience one may have, it is necessary to gain an adequate knowledge base regarding the international currency trading environment. FXCM provides helpful forex-related education that can bring a new forex trader up to speed. In addition, detailed study of the products being traded, historical market behaviour and competing market participants may be very useful in identifying both opportunity and risk.

Knowing when to trade, what to trade and how to trade are key elements of achieving success in the forex market. In order to achieve success, you must first know what success is. It is important for a new entrant into the marketplace to set specific goals and objectives before live trading. Forex simulation is one of the most effective ways to gain live-market experience without financial risk.

Listed below are a few of the most common and costly rookie mistakes: Order entry and exit errors: These are relatively simple to mitigate, and are often the result of an unplanned click of the mouse. Sharpen order entry skills and alleviate many of these mistakes with a demo account. The financial leverage placed upon a trade can be increased by mistake or on purpose.

Implementing leverage on a demo account can help one understand how to use leverage safely and properly. Periodic lapses in discipline: A forex demo can provide a detailed illustration of exactly how costly haphazard trading can be. This article contains general information and does not represent trading advice.

What Are The Pros And Cons Of Forex Trading? How To Make Money In The Stock Market. What Are The Different Types Of Forex Trading Strategies? FXCM Financials Regulation Code of Conduct. Past Performance is not an indicator of future results.