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Did you know you can practice the skill of Forex trading on a demo account? A demo trading account is a simulated paper trading account that allows you to place trades on the global markets with virtual funds.
When people start trading, they usually have a demo account to try their strategies under live market conditions.
A demo trading account is a way to learn forex without the risk of losing your money.
Yes, a demo trading account will help you learn about the market conditions, how to open/close a trade and what works best for your trading strategy. Having a demo account set up correctly can provide valuable feedback on your trading approach and allow you to make changes before putting real money at risk. A demo trading account is beneficial if you are new to forex trading and need time to learn the process of opening a demo account.
There has never been a better time to get into online trading and test your trade ideas in a trading simulator, using our forex trading platforms with virtual money.
Many experienced traders often open a demo account to test news strategies while their best trading systems are being employed on their live account.
But remember, when you open an MT4 or MT5 demo trading account with ACY, you can trade CFDs on more than 2200 markets, including:
Indices (i.e. SP500, DJ30, Aus200, Nas100)
Commodities (i.e. Gold, Silver, WTI Crude Oil)
ETFs (i.e. SPDR S&P500 ETF Trust, VanEck Vectors Gold Miners)
Once you have opened your forex trading demo account, you want to get familiar with the MetaTrader 4 or MT5 trading platform.
To do this, you should look to open a new trade, close the trade, apply different technical analysis indicators to your chart, place a stop loss, set a profit target, access the various asset classes and download the trading apps for your demo account.
Remember, you are not trading with real money, so you can test your crypto trading ideas, swing trading, access the full range of trading tools, and do all of this via mobile trading too.
Then when you feel confident, you can move to live trading by opening a live trading account from our Standard or ProZero account types.
For those who prefer automated trading using Expert Advisors, you can practice trading and experience our tight spreads, low trading costs, and wide range of markets while employing your EA.
Having said that, you will not be able to access copy trading or social trading tools within the demo environment.
Open your live trading account today, get in the game and experience the ACY difference.Open Live Account
"Join me and trade the markets with ACY Securities"
Tim Cahill, ACY Securities Global Brand Ambassador.