Maybe you are only testing the waters and learning the basics of the Forex market, but that doesn’t mean you should be left on the side and without access to a trading station and the ability to enter trades in real time. That’s something every aspiring Forex trader needs in order to feel the real emotions and sometimes hard decisions a profitabe forex trader must make.
The good news is that there exists something called “Demo Accounts” and that all reputable Forex brokers will make available to their clients. With an account of this kind you will be able to use the same trading station software used by more experienced and professional Forex traders. With this account you won’t need real money from your pocket at all. You will be given an amount of “dummy money” you can use to enter trades in the market and this way you will test how good you really are trading the currency markets.
With this kind of account you can test how much you have understood about technical indicators as Fibonacci levels, Bollinger bands, Exponential Moving Averages, etc. You will be free to commit any mistakes and learn how to fix your trading in such a way that within a short time you will be ready to start trading with real money and with the confidence that you will be trading over a field you already know in great detail. This confidence will boost the amount of you make and in consequence your losses will be kept at the minimum possible.
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